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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net income $ 23,228 $ 13,885
Loss from discontinued operations (28) (31)
Income from continuing operations 23,256 13,916
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,657 19,452
Stock compensation expense 2,675 2,379
Net gain on sale of assets (7,903) 0
Other non-cash adjustments 3,351 (1,579)
Non-cash charges to interest expense 13 772
(Benefit of) provision for deferred income taxes (724) 77
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (28,085) (33,031)
Inventories 7,562 (5,526)
Other current assets and other assets (529) (1,202)
Accounts payable 9,845 22,260
Accrued expenses and other non-current liabilities 12,370 667
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 44,488 18,185
Net cash used in operating activities of discontinued operations 0 (40)
Net cash provided by operating activities 44,488 18,145
Cash Flows from Investing Activities    
Cash paid for acquisitions (140,620) 0
Net proceeds from sale of property and equipment 26,392 5,958
Purchases of property, plant, and equipment (6,822) (19,180)
Other investing activities 1,154 121
Net cash used in investing activities (119,896) (13,101)
Cash Flows from Financing Activities    
Proceeds from long-term debt 58,192 0
Long-term debt payments (47,592) (407)
Purchase of treasury stock at market prices (568) (505)
Net proceeds from issuance of common stock 237 508
Excess tax benefit from stock compensation 0 99
Net cash provided by (used in) financing activities 10,269 (305)
Effect of exchange rate changes on cash (2,140) (765)
Net (decrease) increase in cash and cash equivalents (67,279) 3,974
Cash and cash equivalents at beginning of year 110,610 $ 97,039
Cash and cash equivalents at end of period $ 43,331