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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities      
Net income $ 124,565 $ 103,072 $ 103,201
Adjustments to reconcile net income to cash provided by (used in) operating activities      
Depreciation and amortization 43,002 40,496 40,871
Unrealized foreign exchange loss (gain) 215 3,960 (4,028)
Amortization of debt issuance costs 1,884 1,409 1,321
Share-based compensation 10,975 18,563 15,285
Loss on disposals of property, plant and equipment 13 128 912
Deferred income taxes 8,474 15,541 21,272
Changes in operating assets and liabilities      
Accounts receivable (27,092) 571 (2,592)
Inventories (25,168) 805 (28,372)
Accounts payable 10,851 (5,789) 974
Accrued taxes 2,655 4,311 (10,283)
Other assets and liabilities (16,091) (19,334) (165,598)
Cash flows provided by (used in) operating activities 134,283 163,733 (27,037)
Cash flows from investing activities      
Additions to property, plant and equipment (32,956) (32,801) (18,845)
Business acquisitions, net of cash acquired (28,104) (16,902) 0
Cash flows used in investing activities (61,060) (49,703) (18,845)
Cash flows from financing activities      
Proceeds (repayments) of short-term borrowings, net 54,115    
Proceeds (repayments) of short-term borrowings, net   (17,742) (25,548)
Proceeds from term loan facility 350,000 0 0
Proceeds from delayed draw term loan A facility 0 0 100,000
Repayments of term loan A facility (330,469) (21,094) (18,750)
Repayments of delayed draw term loan A facility (54,375) (40,625) (5,000)
Purchases of common stock (29,352) 0 0
Debt issuance costs (2,373) (381) 0
Dividends paid on common stock (43,490) (39,057) (35,744)
Dividends paid to noncontrolling interests (3,354) (7,350) (4,800)
Payment of employee restricted stock tax withholdings (11,030) (2,634) (903)
Cash flows (used in) provided by financing activities (70,328) (128,883) 9,255
Effect of foreign exchange rate changes on cash and restricted cash 275 (1,855) 5,209
Net increase (decrease) in cash and restricted cash 3,170 (16,708) (31,418)
Cash and restricted cash, beginning of year 31,014 47,722 79,140
Cash and restricted cash, end of year 34,184 31,014 47,722
Supplemental information      
Cash paid for interest to third parties 18,218 18,344 15,488
Cash paid for income taxes 31,269 27,389 35,949
Non-cash additions to property, plant and equipment 2,820 2,568 2,876
Dividend equivalents rights (DERs) declared not paid 775 882 801
Share repurchase liability (Note 15) 1,802 0 0
Non-cash loan to noncontrolling interest (Note 21) $ 4,392 $ 0 $ 0