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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 33,295 $ 36,412
Depreciation and amortization 15,664 15,115
Pensions (Note 14) 6,032 2,804
Net gain from disposal of assets (1,969) 0
Stock-based compensation (Note 11) 6,787 6,810
Asset impairment charges 2,438 0
Deferred income tax provision 4 (520)
Other noncurrent assets and liabilities (45,125) (23,237)
Currency exchange (gains), net (783) (26)
Excess tax benefit related to stock plans (890) (2,116)
Other, net 1,045 913
Operating cash flow before changes in certain working capital items 16,498 36,155
(Increase) in trade receivables (13,794) (8,809)
(Increase) in inventories (Note 3) (33,725) (15,050)
(Increase) in income taxes receivable, prepaid expenses and other current assets (12,886) (2,612)
Increase in accounts payable and accrued liabilities 51,620 5,626
(Increase) in certain working capital items (8,785) (20,845)
Cash Flow From Operating Activities 7,713 15,310
Investing Activities    
Capital expenditures (16,015) (14,528)
Property disposals and other investing 7,969 0
Cash Flow From Investing Activities (8,046) (14,528)
Financing Activities    
Proceeds from (payments on) short-term debt, net 4 (817)
Proceeds from long-term debt (Note 12) 191,000 303,000
(Payments on) long-term debt (Note 12) (173,000) (282,000)
Restricted cash 336 499
Cash dividends paid (23,522) (22,501)
Company stock purchases (10,009) (4,775)
Exercise of stock options 1,194 4,235
Employee stock purchase plan 230 0
Excess tax benefit related to stock plans 890 2,116
Cash Flow From Financing Activities (12,877) (243)
Effect of exchange rate changes on cash and cash equivalents (4,654) (621)
(Decrease) in cash and cash equivalents (17,864) (82)
Beginning cash and cash equivalents 105,998 96,265
Ending cash and cash equivalents $ 88,134 $ 96,183