XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 23,376 $ 32,489
Depreciation and amortization 9,326 9,671
Stock-based compensation (Note 11) 2,745 5,606
Pension expense (Note 15) 48 1,488
Deferred income tax provision (benefit) (Note 10) 1,834 (600)
Loss on asset dispositions, net 25 17
Pension contributions (Note 15) (1,767) (1,243)
Currency exchange losses, net 16,961 2,008
Product liability expense (Note 18) 2,896 2,824
Collections on insurance receivables and notes receivable, insurance companies (Note 18) 8,122 17,700
Product liability payments (Note 18) (20,003) (5,600)
Changes in:    
Trade receivables (7,720) (6,858)
Inventories (Note 3) (16,127) (14,513)
Prepaid expenses and other current assets (8,055) (1,642)
Accounts payable and accrued liabilities (10,523) (24,372)
Other noncurrent assets and liabilities 79 378
Cash Flow From Operating Activities 1,217 17,353
Investing Activities    
Capital expenditures (4,897) (3,241)
Purchase of short-term investments (Note 17) (52,541) 0
Proceeds from maturities of short-term investments (Note 17) 33,600 0
Property disposals 12 58
Cash Flow Used in Investing Activities (23,826) (3,183)
Financing Activities    
Payments on short-term debt, net 91 99
Proceeds from long-term debt (Note 12) 133,000 137,500
Payments on long-term debt (Note 12) (119,000) (147,000)
Cash dividends paid (14,652) (13,390)
Company stock purchases (Note 7) (7,446) (2,673)
Exercise of stock options (Note 7) 1,465 848
Cash Flow Used in Financing Activities (6,542) (24,616)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,221) 1,363
Decrease in cash, cash equivalents and restricted cash (32,372) (9,083)
Beginning cash, cash equivalents and restricted cash 140,604 137,889
Ending cash, cash equivalents and restricted cash 108,232 128,806
Supplemental cash flow information:    
Cash and cash equivalents 107,668 124,883
Restricted cash included in prepaid expenses and other current assets $ 564 $ 3,923