XML 14 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net earnings $ 124,510 $ 76,179
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 39,057 36,626
Share-based compensation 1,541 6,296
Net loss on assets 311 1,371
Loss on divestiture of business 0 33,160
Deferred income taxes 3,152 (9,087)
Changes in operating assets and liabilities (159,711) (122,386)
Net cash provided by operating activities 8,860 22,159
Cash flows from investing activities:    
Acquisition of property, plant and equipment (34,090) (32,825)
Cash receipts on sold receivables 91,142 86,229
Proceeds from sale of assets 283 5,444
Proceeds from divesture of business 0 12,457
Acquisition of new businesses (31,100) 0
Other investing activity 616 2,396
Net cash provided by investing activities 26,851 73,701
Cash flows from financing activities:    
Proceeds from additional borrowings 248,426 188,387
Debt payments (158,214) (190,164)
Purchase of treasury stock (76,734) (64,486)
Dividends paid (42,195) (39,696)
Other financing activity (2,777) (988)
Net cash used in financing activities (31,494) (106,947)
Effect of exchange rate changes on cash and cash equivalents 3,199 9,876
Net increase (decrease) in cash and cash equivalents 7,416 (1,211)
Cash and cash equivalents at beginning of year 29,344 25,865
Cash and cash equivalents at end of year $ 36,760 $ 24,654