XML 14 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net earnings $ 38,194 $ 13,192
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 12,578 12,141
Share-based compensation 1,254 1,930
Net loss on assets 70 386
Loss on divestiture of business 0 31,882
Deferred income taxes (4,346) 2,202
Changes in operating assets and liabilities (29,499) (30,574)
Net cash provided by operating activities 18,251 31,159
Cash flows from investing activities:    
Acquisition of property, plant and equipment (11,058) (10,069)
Cash receipts on sold receivables 9,051 6,407
Proceeds from sale of assets 45 105
Proceeds from divesture of business 0 12,457
Acquisition of new businesses (11,000) 0
Other investing activity (798) (63)
Net cash (used in) provided by investing activities (13,760) 8,837
Cash flows from financing activities:    
Proceeds from additional borrowings 92,348 5,657
Debt payments (12,280) (19,350)
Purchase of treasury stock (72,704) (12,365)
Dividends paid (14,274) (13,306)
Other financing activity (2,715) (477)
Net cash used in financing activities (9,625) (39,841)
Effect of exchange rate changes on cash and cash equivalents 6,210 3,089
Net increase in cash and cash equivalents 1,076 3,244
Cash and cash equivalents at beginning of year 29,344 25,865
Cash and cash equivalents at end of year $ 30,420 $ 29,109