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Condensed consolidating guarantor financial information (Tables) | 9 Months Ended
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Sep. 29, 2019
Condensed Consolidated Guarantor Financial Information [Abstract] |
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) | TELEFLEX INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Three Months Ended September 29, 2019 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
Net revenues | $ | — |  |  | $ | 449,753 |  |  | $ | 338,889 |  |  | $ | (140,323) |  |  | $ | 648,319 |
Cost of goods sold | — |  |  | 290,466 |  |  | 112,090 |  |  | (129,917) |  |  | 272,639 |
Gross profit | — |  |  | 159,287 |  |  | 226,799 |  |  | (10,406) |  |  | 375,680 |
Selling, general and administrative expenses | 14,919 |  |  | 140,053 |  |  | 75,421 |  |  | (497) |  |  | 229,896 |
Research and development expenses | 334 |  |  | 20,321 |  |  | 7,329 |  |  | — |  |  | 27,984 |
Restructuring and impairment charges | — |  |  | 661 |  |  | 607 |  |  | — |  |  | 1,268 |
Gain on sale of assets | — |  |  | — |  |  | (1,089) |  |  | — |  |  | (1,089) |
(Loss) income from continuing operations before interest and taxes | (15,253) |  |  | (1,748) |  |  | 144,531 |  |  | (9,909) |  |  | 117,621 |
Interest, net | 25,367 |  |  | (20,911) |  |  | 14,619 |  |  | — |  |  | 19,075 |
(Loss) income from continuing operations before taxes | (40,620) |  |  | 19,163 |  |  | 129,912 |  |  | (9,909) |  |  | 98,546 |
(Benefit) taxes on (loss) income from continuing operations | (13,374) |  |  | 4,393 |  |  | (119,578) |  |  | (1,824) |  |  | (130,383) |
Equity in net income of consolidated subsidiaries | 256,175 |  |  | 229,630 |  |  | — |  |  | (485,805) |  |  | — |
Income from continuing operations | 228,929 |  |  | 244,400 |  |  | 249,490 |  |  | (493,890) |  |  | 228,929 |
Operating loss from discontinued operations | (9) |  |  | — |  |  | — |  |  | — |  |  | (9) |
Tax benefit on loss from discontinued operations | (9) |  |  | — |  |  | — |  |  | — |  |  | (9) |
Income from discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income | 228,929 |  |  | 244,400 |  |  | 249,490 |  |  | (493,890) |  |  | 228,929 |
Other comprehensive income | (38,594) |  |  | (58,995) |  |  | (62,882) |  |  | 121,877 |  |  | (38,594) |
Comprehensive income | $ | 190,335 |  |  | $ | 185,405 |  |  | $ | 186,608 |  |  | $ | (372,013) |  |  | $ | 190,335 |
| Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
Net revenues | $ | — |  |  | $ | 398,961 |  |  | $ | 322,010 |  |  | $ | (111,299) |  |  | $ | 609,672 |
Cost of goods sold | — |  |  | 232,209 |  |  | 146,301 |  |  | (111,411) |  |  | 267,099 |
Gross profit | — |  |  | 166,752 |  |  | 175,709 |  |  | 112 |  |  | 342,573 |
Selling, general and administrative expenses | 11,347 |  |  | 130,769 |  |  | 72,800 |  |  | (22) |  |  | 214,894 |
Research and development expenses | 378 |  |  | 19,482 |  |  | 6,505 |  |  | — |  |  | 26,365 |
Restructuring and impairment charges | — |  |  | 17,128 |  |  | 2,081 |  |  | — |  |  | 19,209 |
(Loss) income from continuing operations before interest and taxes | (11,725) |  |  | (627) |  |  | 94,323 |  |  | 134 |  |  | 82,105 |
Interest, net | 25,191 |  |  | (15,391) |  |  | 17,051 |  |  | — |  |  | 26,851 |
(Loss) income from continuing operations before taxes | (36,916) |  |  | 14,764 |  |  | 77,272 |  |  | 134 |  |  | 55,254 |
(Benefit) taxes on (loss) income from continuing operations | (13,449) |  |  | 1,765 |  |  | 10,385 |  |  | 13 |  |  | (1,286) |
Equity in net income of consolidated subsidiaries | 80,007 |  |  | 56,818 |  |  | 372 |  |  | (137,197) |  |  | — |
Income from continuing operations | 56,540 |  |  | 69,817 |  |  | 67,259 |  |  | (137,076) |  |  | 56,540 |
Operating loss from discontinued operations | (83) |  |  | — |  |  | — |  |  | — |  |  | (83) |
Tax benefit on loss from discontinued operations | (67) |  |  | — |  |  | — |  |  | — |  |  | (67) |
Income from discontinued operations | (16) |  |  | — |  |  | — |  |  | — |  |  | (16) |
Net income | 56,524 |  |  | 69,817 |  |  | 67,259 |  |  | (137,076) |  |  | 56,524 |
Other comprehensive loss | 17,253 |  |  | 14,107 |  |  | 16,947 |  |  | (31,054) |  |  | 17,253 |
Comprehensive income | $ | 73,777 |  |  | $ | 83,924 |  |  | $ | 84,206 |  |  | $ | (168,130) |  |  | $ | 73,777 |
| Nine Months Ended September 29, 2019 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
Net revenues | $ | — |  |  | $ | 1,304,385 |  |  | $ | 987,478 |  |  | $ | (377,453) |  |  | $ | 1,914,410 |
Cost of goods sold | — |  |  | 769,639 |  |  | 411,370 |  |  | (359,945) |  |  | 821,064 |
Gross profit | — |  |  | 534,746 |  |  | 576,108 |  |  | (17,508) |  |  | 1,093,346 |
Selling, general and administrative expenses | 45,398 |  |  | 413,380 |  |  | 235,402 |  |  | (405) |  |  | 693,775 |
Research and development expenses | 1,414 |  |  | 60,773 |  |  | 20,542 |  |  | — |  |  | 82,729 |
Restructuring and impairment charges | — |  |  | 6,742 |  |  | 13,606 |  |  | — |  |  | 20,348 |
Gain on sale of assets | — |  |  | — |  |  | (3,828) |  |  | — |  |  | (3,828) |
(Loss) income from continuing operations before interest and taxes | (46,812) |  |  | 53,851 |  |  | 310,386 |  |  | (17,103) |  |  | 300,322 |
Interest, net | 58,782 |  |  | (42,756) |  |  | 45,688 |  |  | — |  |  | 61,714 |
(Loss) income from continuing operations before taxes | (105,594) |  |  | 96,607 |  |  | 264,698 |  |  | (17,103) |  |  | 238,608 |
(Benefit) taxes on (loss) income from continuing operations | (41,765) |  |  | 31,643 |  |  | (102,388) |  |  | (3,057) |  |  | (115,567) |
Equity in net income of consolidated subsidiaries | 418,004 |  |  | 330,627 |  |  | — |  |  | (748,631) |  |  | — |
Income from continuing operations | 354,175 |  |  | 395,591 |  |  | 367,086 |  |  | (762,677) |  |  | 354,175 |
Operating loss from discontinued operations | (1,291) |  |  | — |  |  | — |  |  | — |  |  | (1,291) |
Tax benefit on loss from discontinued operations | (317) |  |  | — |  |  | — |  |  | — |  |  | (317) |
Loss from discontinued operations | (974) |  |  | — |  |  | — |  |  | — |  |  | (974) |
Net income | 353,201 |  |  | 395,591 |  |  | 367,086 |  |  | (762,677) |  |  | 353,201 |
Other comprehensive income | (23,416) |  |  | (43,389) |  |  | (48,419) |  |  | 91,808 |  |  | (23,416) |
Comprehensive income | $ | 329,785 |  |  | $ | 352,202 |  |  | $ | 318,667 |  |  | $ | (670,869) |  |  | $ | 329,785 |
| Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
Net revenues | $ | — |  |  | $ | 1,169,684 |  |  | $ | 968,298 |  |  | $ | (331,214) |  |  | $ | 1,806,768 |
Cost of goods sold | — |  |  | 681,300 |  |  | 431,841 |  |  | (324,994) |  |  | 788,147 |
Gross profit | — |  |  | 488,384 |  |  | 536,457 |  |  | (6,220) |  |  | 1,018,621 |
Selling, general and administrative expenses | 32,958 |  |  | 400,987 |  |  | 226,555 |  |  | (352) |  |  | 660,148 |
Research and development expenses | 1,094 |  |  | 57,668 |  |  | 19,648 |  |  | — |  |  | 78,410 |
Restructuring and impairment charges | — |  |  | 20,581 |  |  | 57,044 |  |  | — |  |  | 77,625 |
(Loss) income from continuing operations before interest and taxes | (34,052) |  |  | 9,148 |  |  | 233,210 |  |  | (5,868) |  |  | 202,438 |
Interest, net | 72,120 |  |  | (41,406) |  |  | 48,273 |  |  | — |  |  | 78,987 |
(Loss) income from continuing operations before taxes | (106,172) |  |  | 50,554 |  |  | 184,937 |  |  | (5,868) |  |  | 123,451 |
(Benefit) taxes on (loss) income from continuing operations | (39,859) |  |  | 23,233 |  |  | 32,248 |  |  | (1,090) |  |  | 14,532 |
Equity in net income of consolidated subsidiaries | 176,511 |  |  | 135,425 |  |  | 1,007 |  |  | (312,943) |  |  | — |
Income from continuing operations | 110,198 |  |  | 162,746 |  |  | 153,696 |  |  | (317,721) |  |  | 108,919 |
Operating (loss) income from discontinued operations | (33) |  |  | — |  |  | 1,279 |  |  | — |  |  | 1,246 |
Tax benefit on income (loss) from discontinued operations | (47) |  |  | — |  |  | — |  |  | — |  |  | (47) |
Income from discontinued operations | 14 |  |  | — |  |  | 1,279 |  |  | — |  |  | 1,293 |
Net income | 110,212 |  |  | 162,746 |  |  | 154,975 |  |  | (317,721) |  |  | 110,212 |
Other comprehensive loss | (24,076) |  |  | (30,691) |  |  | (26,551) |  |  | 57,242 |  |  | (24,076) |
Comprehensive income | $ | 86,136 |  |  | $ | 132,055 |  |  | $ | 128,424 |  |  | $ | (260,479) |  |  | $ | 86,136 |
Condensed Consolidating Balance Sheets | TELEFLEX INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS
| September 29, 2019 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 34,196 |  |  | $ | 518 |  |  | $ | 222,830 |  |  | $ | — |  |  | $ | 257,544 |
Accounts receivable, net | 3,228 |  |  | 69,322 |  |  | 318,375 |  |  | 5,738 |  |  | 396,663 |
Accounts receivable from consolidated subsidiaries | 33,739 |  |  | 469,533 |  |  | 511,784 |  |  | (1,015,056) |  |  | — |
Inventories, net | — |  |  | 296,136 |  |  | 224,660 |  |  | (48,202) |  |  | 472,594 |
Prepaid expenses and other current assets | 40,513 |  |  | 10,387 |  |  | 26,518 |  |  | 4,113 |  |  | 81,531 |
Prepaid taxes | 19,518 |  |  | — |  |  | 9,760 |  |  | — |  |  | 29,278 |
Total current assets | 131,194 |  |  | 845,896 |  |  | 1,313,927 |  |  | (1,053,407) |  |  | 1,237,610 |
Property, plant and equipment, net | 2,889 |  |  | 246,496 |  |  | 180,183 |  |  | — |  |  | 429,568 |
Operating lease assets | 13,136 |  |  | 68,830 |  |  | 33,227 |  |  | — |  |  | 115,193 |
Goodwill | — |  |  | 1,255,976 |  |  | 975,354 |  |  | — |  |  | 2,231,330 |
Intangibles assets, net | 75 |  |  | 1,214,148 |  |  | 961,450 |  |  | — |  |  | 2,175,673 |
Investments in affiliates | 5,824,869 |  |  | 2,138,760 |  |  | 924,448 |  |  | (8,888,077) |  |  | — |
Deferred tax assets | 6,850 |  |  | — |  |  | 5,298 |  |  | (9,196) |  |  | 2,952 |
Notes receivable and other amounts due from consolidated subsidiaries | 1,959,149 |  |  | 3,407,412 |  |  | 287,571 |  |  | (5,654,132) |  |  | — |
Other assets | 42,666 |  |  | 12,017 |  |  | 10,173 |  |  | — |  |  | 64,856 |
Total assets | $ | 7,980,828 |  |  | $ | 9,189,535 |  |  | $ | 4,691,631 |  |  | $ | (15,604,812) |  |  | $ | 6,257,182 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Current borrowings | $ | — |  |  | $ | — |  |  | $ | 50,000 |  |  | $ | — |  |  | $ | 50,000 |
Accounts payable | 3,004 |  |  | 61,106 |  |  | 36,520 |  |  | — |  |  | 100,630 |
Accounts payable to consolidated subsidiaries | 284,386 |  |  | 428,967 |  |  | 301,703 |  |  | (1,015,056) |  |  | — |
Accrued expenses | 6,287 |  |  | 33,398 |  |  | 51,884 |  |  | — |  |  | 91,569 |
Current portion of contingent consideration | — |  |  | 124,789 |  |  | 10,379 |  |  | — |  |  | 135,168 |
Payroll and benefit-related liabilities | 19,772 |  |  | 35,171 |  |  | 44,888 |  |  | — |  |  | 99,831 |
Accrued interest | 19,658 |  |  | — |  |  | 28 |  |  | — |  |  | 19,686 |
Income taxes payable | — |  |  | — |  |  | 6,356 |  |  | (3,057) |  |  | 3,299 |
Other current liabilities | 4,049 |  |  | 14,849 |  |  | 11,282 |  |  | — |  |  | 30,180 |
Total current liabilities | 337,156 |  |  | 698,280 |  |  | 513,040 |  |  | (1,018,113) |  |  | 530,363 |
Long-term borrowings | 1,949,068 |  |  | — |  |  | — |  |  | — |  |  | 1,949,068 |
Deferred tax liabilities | — |  |  | 345,670 |  |  | 132,471 |  |  | (9,196) |  |  | 468,945 |
Pension and postretirement benefit liabilities | 30,594 |  |  | 25,887 |  |  | 15,535 |  |  | — |  |  | 72,016 |
Noncurrent liability for uncertain tax positions | 1,162 |  |  | 7,382 |  |  | 2,540 |  |  | — |  |  | 11,084 |
Notes payable and other amounts due to consolidated subsidiaries | 2,673,870 |  |  | 1,860,819 |  |  | 1,119,443 |  |  | (5,654,132) |  |  | — |
Noncurrent contingent consideration | — |  |  | 44,137 |  |  | 27,575 |  |  | — |  |  | 71,712 |
Noncurrent operating lease liabilities | 10,616 |  |  | 68,167 |  |  | 25,353 |  |  | — |  |  | 104,136 |
Other liabilities | 125,386 |  |  | 9,619 |  |  | 61,877 |  |  | — |  |  | 196,882 |
Total liabilities | 5,127,852 |  |  | 3,059,961 |  |  | 1,897,834 |  |  | (6,681,441) |  |  | 3,404,206 |
Total shareholders' equity | 2,852,976 |  |  | 6,129,574 |  |  | 2,793,797 |  |  | (8,923,371) |  |  | 2,852,976 |
Total liabilities and shareholders' equity | $ | 7,980,828 |  |  | $ | 9,189,535 |  |  | $ | 4,691,631 |  |  | $ | (15,604,812) |  |  | $ | 6,257,182 |
| December 31, 2018 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 49,523 |  |  | $ | 1,701 |  |  | $ | 305,937 |  |  | $ | — |  |  | $ | 357,161 |
Accounts receivable, net | 5,885 |  |  | 54,013 |  |  | 301,054 |  |  | 5,334 |  |  | 366,286 |
Accounts receivable from consolidated subsidiaries | 32,036 |  |  | 1,122,107 |  |  | 366,033 |  |  | (1,520,176) |  |  | — |
Inventories, net | — |  |  | 266,073 |  |  | 192,659 |  |  | (30,954) |  |  | 427,778 |
Prepaid expenses and other current assets | 30,458 |  |  | 9,673 |  |  | 28,237 |  |  | 4,113 |  |  | 72,481 |
Prepaid taxes | 7,029 |  |  | — |  |  | 5,434 |  |  | — |  |  | 12,463 |
Total current assets | 124,931 |  |  | 1,453,567 |  |  | 1,199,354 |  |  | (1,541,683) |  |  | 1,236,169 |
Property, plant and equipment, net | 3,385 |  |  | 253,037 |  |  | 176,344 |  |  | — |  |  | 432,766 |
Goodwill | — |  |  | 1,254,848 |  |  | 991,731 |  |  | — |  |  | 2,246,579 |
Intangibles assets, net | 90 |  |  | 1,277,462 |  |  | 1,047,500 |  |  | — |  |  | 2,325,052 |
Investments in affiliates | 5,984,566 |  |  | 1,625,464 |  |  | 837,899 |  |  | (8,447,929) |  |  | — |
Deferred tax assets | — |  |  | — |  |  | 4,822 |  |  | (2,376) |  |  | 2,446 |
Notes receivable and other amounts due from consolidated subsidiaries | 2,337,737 |  |  | 3,347,815 |  |  | 13,242 |  |  | (5,698,794) |  |  | — |
Other assets | 17,180 |  |  | 5,776 |  |  | 12,023 |  |  | — |  |  | 34,979 |
Total assets | $ | 8,467,889 |  |  | $ | 9,217,969 |  |  | $ | 4,282,915 |  |  | $ | (15,690,782) |  |  | $ | 6,277,991 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Current borrowings | $ | 36,625 |  |  | $ | — |  |  | $ | 50,000 |  |  | $ | — |  |  | $ | 86,625 |
Accounts payable | 3,448 |  |  | 62,764 |  |  | 40,497 |  |  | — |  |  | 106,709 |
Accounts payable to consolidated subsidiaries | 1,058,008 |  |  | 292,093 |  |  | 170,075 |  |  | (1,520,176) |  |  | — |
Accrued expenses | 5,659 |  |  | 41,873 |  |  | 50,019 |  |  | — |  |  | 97,551 |
Current portion of contingent consideration | — |  |  | 106,514 |  |  | 30,363 |  |  | — |  |  | 136,877 |
Payroll and benefit-related liabilities | 17,156 |  |  | 44,982 |  |  | 42,532 |  |  | — |  |  | 104,670 |
Accrued interest | 5,995 |  |  | — |  |  | 36 |  |  | — |  |  | 6,031 |
Income taxes payable | — |  |  | — |  |  | 5,943 |  |  | — |  |  | 5,943 |
Other current liabilities | 843 |  |  | 34,916 |  |  | 2,291 |  |  | — |  |  | 38,050 |
Total current liabilities | 1,127,734 |  |  | 583,142 |  |  | 391,756 |  |  | (1,520,176) |  |  | 582,456 |
Long-term borrowings | 2,072,200 |  |  | — |  |  | — |  |  | — |  |  | 2,072,200 |
Deferred tax liabilities | 87,671 |  |  | 257,522 |  |  | 265,404 |  |  | (2,376) |  |  | 608,221 |
Pension and postretirement benefit liabilities | 49,290 |  |  | 27,454 |  |  | 16,170 |  |  | — |  |  | 92,914 |
Noncurrent liability for uncertain tax positions | 801 |  |  | 7,212 |  |  | 2,705 |  |  | — |  |  | 10,718 |
Notes payable and other amounts due to consolidated subsidiaries | 2,451,784 |  |  | 2,222,580 |  |  | 1,024,430 |  |  | (5,698,794) |  |  | — |
Noncurrent contingent consideration | — |  |  | 131,563 |  |  | 35,807 |  |  | — |  |  | 167,370 |
Other liabilities | 138,431 |  |  | 8,204 |  |  | 57,499 |  |  |  |  |  | 204,134 |
Total liabilities | 5,927,911 |  |  | 3,237,677 |  |  | 1,793,771 |  |  | (7,221,346) |  |  | 3,738,013 |
Total shareholders' equity | 2,539,978 |  |  | 5,980,292 |  |  | 2,489,144 |  |  | (8,469,436) |  |  | 2,539,978 |
Total liabilities and shareholders' equity | $ | 8,467,889 |  |  | $ | 9,217,969 |  |  | $ | 4,282,915 |  |  | $ | (15,690,782) |  |  | $ | 6,277,991 |
Condensed Consolidating Statements of Cash Flows | TELEFLEX INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Nine Months Ended September 29, 2019 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities from continuing operations | $ | (72,369) |  |  | $ | 342,912 |  |  | $ | 272,115 |  |  | $ | (253,491) |  |  | $ | 289,167 |
Cash flows from investing activities of continuing operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (460) |  |  | (57,131) |  |  | (26,206) |  |  | — |  |  | (83,797) |
Proceeds from sale of assets and investments | 2,362 |  |  | 2,046 |  |  | 1,089 |  |  | (2,362) |  |  | 3,135 |
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | (1,025) |  |  | (240) |  |  | — |  |  | (1,265) |
Net interest proceeds on swaps designated as net investment hedges | 8,330 |  |  | — |  |  | — |  |  | — |  |  | 8,330 |
Investments in affiliates | — |  |  | (146) |  |  | — |  |  | 146 |  |  | — |
Net cash provided by (used in) investing activities from continuing operations | 10,232 |  |  | (56,256) |  |  | (25,357) |  |  | (2,216) |  |  | (73,597) |
Cash flows from financing activities of continuing operations: |  |  |  |  |  |  |  |  |
Proceeds from new borrowings | 25,000 |  |  | — |  |  | — |  |  | — |  |  | 25,000 |
Reduction in borrowings | (185,500) |  |  | — |  |  | — |  |  | — |  |  | (185,500) |
Debt extinguishment, issuance and amendment fees | (4,964) |  |  | — |  |  | — |  |  | — |  |  | (4,964) |
Net proceeds from share based compensation plans and the related tax impacts | 14,014 |  |  | — |  |  | — |  |  | — |  |  | 14,014 |
Payments for contingent consideration | — |  |  | (15,122) |  |  | (96,884) |  |  | — |  |  | (112,006) |
Proceeds from issuance of shares | — |  |  | — |  |  | 146 |  |  | (146) |  |  | — |
Dividends paid | (47,071) |  |  | — |  |  | — |  |  | — |  |  | (47,071) |
Intercompany transactions | 242,049 |  |  | (272,773) |  |  | 28,362 |  |  | 2,362 |  |  | — |
Intercompany dividends paid | — |  |  | — |  |  | (253,491) |  |  | 253,491 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 43,528 |  |  | (287,895) |  |  | (321,867) |  |  | 255,707 |  |  | (310,527) |
Cash flows from discontinued operations: |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | 3,282 |  |  | — |  |  | (631) |  |  | — |  |  | 2,651 |
Net cash provided by (used in) discontinued operations | 3,282 |  |  | — |  |  | (631) |  |  | — |  |  | 2,651 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (7,311) |  |  | — |  |  | (7,311) |
Net (decrease) increase in cash and cash equivalents | (15,327) |  |  | (1,239) |  |  | (83,051) |  |  | — |  |  | (99,617) |
Cash and cash equivalents at the beginning of the period | 49,523 |  |  | 1,757 |  |  | 305,881 |  |  | — |  |  | 357,161 |
Cash and cash equivalents at the end of the period | $ | 34,196 |  |  | $ | 518 |  |  | $ | 222,830 |  |  | $ | — |  |  | $ | 257,544 |
| Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands) |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities from continuing operations | $ | (202,209) |  |  | $ | 321,389 |  |  | $ | 329,390 |  |  | $ | (145,626) |  |  | $ | 302,944 |
Cash flows from investing activities of continuing operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (1,524) |  |  | (23,686) |  |  | (30,541) |  |  | — |  |  | (55,751) |
Proceeds from sale of assets | 28,239 |  |  | — |  |  | — |  |  | (28,239) |  |  | — |
Payments for businesses and intangibles acquired, net of cash acquired | (100) |  |  | — |  |  | (22,450) |  |  | — |  |  | (22,550) |
Net cash provided by (used in) investing activities from continuing operations | 26,615 |  |  | (23,686) |  |  | (52,991) |  |  | (28,239) |  |  | (78,301) |
Cash flows from financing activities of continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Reduction in borrowings | (98,500) |  |  | — |  |  | — |  |  | — |  |  | (98,500) |
Debt extinguishment, issuance and amendment fees | (188) |  |  | — |  |  | — |  |  | — |  |  | (188) |
Net proceeds from share based compensation plans and the related tax impacts | 18,666 |  |  | — |  |  | — |  |  | — |  |  | 18,666 |
Payments for contingent consideration | — |  |  | (10,748) |  |  | (62,404) |  |  | — |  |  | (73,152) |
Dividends paid | (46,526) |  |  | — |  |  | — |  |  | — |  |  | (46,526) |
Intercompany transactions | 312,806 |  |  | (294,600) |  |  | (46,445) |  |  | 28,239 |  |  | — |
Intercompany dividends paid | — |  |  | — |  |  | (145,626) |  |  | 145,626 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 186,258 |  |  | (305,348) |  |  | (254,475) |  |  | 173,865 |  |  | (199,700) |
Cash flows from discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in operating activities | (701) |  |  | — |  |  | — |  |  | — |  |  | (701) |
Net cash used in discontinued operations | (701) |  |  | — |  |  | — |  |  | — |  |  | (701) |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (1,524) |  |  | — |  |  | (1,524) |
Net increase (decrease) in cash and cash equivalents | 9,963 |  |  | (7,645) |  |  | 20,400 |  |  | — |  |  | 22,718 |
Cash and cash equivalents at the beginning of the period | 37,803 |  |  | 8,933 |  |  | 286,822 |  |  | — |  |  | 333,558 |
Cash and cash equivalents at the end of the period | $ | 47,766 |  |  | $ | 1,288 |  |  | $ | 307,222 |  |  | $ | — |  |  | $ | 356,276 |

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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