XML 22 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities    
Net earnings $ 54,243 $ 38,198
Items not affecting cash:    
Depreciation and amortization 36,969 28,984
Deferred income tax 1,304 (3,535)
Other 2,342 1,300
Incremental tax benefit on stock options exercised (1,605) (10,017)
Changes in non-cash working capital:    
Accounts receivable (21,077) 2,892
Inventories (4,542) (6,108)
Prepaid expenses and other current assets (1,793) (1,045)
Accounts payable (72) (1,166)
Accrued liabilities 21,052 21,130
Income tax payable 12,929 11,402
Unearned revenues 10,194 2,395
Other liabilities (817) 3,239
Contingent acquisition consideration paid (122) (579)
Net cash provided by operating activities 109,005 87,090
Investing activities    
Acquisitions of businesses, net of cash acquired (note 3) (90,852) (12,340)
Purchases of fixed assets (29,122) (19,694)
Changes in restricted cash (9,681) (112)
Other investing activities (1,188) (132)
Net cash used in investing activities (130,843) (32,278)
Financing activities    
Net increase (repayment) of long-term debt prior to spin-off (220,953)
Debt allocated under spin-off 208,690
Repayment of long-term debt after spin-off (25,899)
Net contributions from Old FSV 1,995
Increase in long-term debt 101,160
Repayment of long-term debt (51,775)
Financing fees paid (1,092)
Purchases of non-controlling interests (3,259) (18,939)
Sale of interests in subsidiaries to non-controlling interests 2,202 1,122
Contingent acquisition consideration paid (2,368) (6,593)
Proceeds received on exercise of stock options 1,906 6,780
Incremental tax benefit on stock options exercised 1,605 10,017
Dividends paid to common shareholders (15,471) (7,196)
Distributions paid to non-controlling interests (4,985) (3,602)
Repurchases of Subordinate Voting Shares (9,515) (19,467)
Net cash provided by (used) in financing activities 19,500 (75,137)
Effect of exchange rate changes on cash 162 (905)
Decrease in cash and cash equivalents (2,176) (21,230)
Cash and cash equivalents, beginning of year 45,560 66,790
Cash and cash equivalents, end of year $ 43,384 $ 45,560