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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 44,004 $ 33,295
Depreciation and amortization 17,732 15,664
Pensions (Note 15) 3,396 6,032
Net (gain) from disposal of assets (2,713) (1,969)
Stock-based compensation (Note 11) 6,951 6,787
Asset impairment charges 0 2,438
Deferred income tax (benefit) provision (1,231) 4
Other noncurrent assets and liabilities (16,294) (45,125)
Currency exchange losses (gains), net 1,726 (783)
Excess tax provision (benefit) related to stock plans 508 (890)
Other, net 0 1,045
Operating cash flow before changes in certain working capital items 54,079 16,498
Decrease (increase) in trade receivables 9,559 (13,794)
(Increase) in inventories (Note 3) (11,531) (33,725)
(Increase) in income taxes receivable, prepaid expenses and other current assets (5,907) (12,886)
(Decrease) increase in accounts payable and accrued liabilities (33,678) 51,620
(Increase) in certain working capital items (41,557) (8,785)
Cash Flow From Operating Activities 12,522 7,713
Investing Activities    
Capital expenditures (10,595) (16,015)
Property disposals and other investing (Note 19) 16,965 7,969
Cash Flow From (Used in) Investing Activities 6,370 (8,046)
Financing Activities    
Proceeds from short-term debt, net 156 4
Proceeds from long-term debt (Note 12) 234,664 191,000
(Payments on) long-term debt (Note 12) (238,196) (173,000)
Restricted cash 1,433 336
Cash dividends paid (24,284) (23,522)
Distributions to noncontrolling interests (759) 0
Company stock purchases (1,644) (10,009)
Exercise of stock options 4,387 1,194
Employee stock purchase plan 252 230
Excess tax (provision) benefit related to stock plans (508) 890
Cash Flow (Used in) Financing Activities (24,499) (12,877)
Effect of exchange rate changes on cash and cash equivalents 2,831 (4,654)
(Decrease) in cash and cash equivalents (2,776) (17,864)
Beginning cash and cash equivalents 105,925 105,998
Ending cash and cash equivalents $ 103,149 $ 88,134