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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income $ 63,809 $ 62,560 $ 33,675
Loss from discontinued operations 0 (405) (44)
Income from continuing operations 63,809 62,965 33,719
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,374 21,690 24,114
Intangible asset impairment 1,552 247 10,175
Loss on sale of business 0 0 (8,763)
Stock compensation expense 9,189 7,122 6,373
Net gain on sale of assets (143) (123) (42)
Exit activity costs (recoveries), non-cash 1,344 (1,877) 7,530
Provision for (benefit of) deferred income taxes 4,781 (7,105) (4,893)
Other, net 1,386 2,118 1,934
Changes in operating assets and liabilities (excluding the effects of acquisitions):      
Accounts receivable 9,737 (21,806) 37,828
Inventories (16,951) 870 11,782
Other current assets and other assets (22) (2,629) 2,511
Accounts payable (4,828) 11,332 (17,060)
Accrued expenses and other non-current liabilities 7,317 (2,734) 1,253
Net cash provided by operating activities 97,545 70,070 123,987
Cash Flows from Investing Activities      
Purchases of property, plant, and equipment (12,457) (11,399) (10,779)
Acquisitions, net of cash acquired (5,241) (18,494) (23,412)
Net proceeds from sale of property and equipment 3,149 13,096 953
Net proceeds from sale of business 0 0 8,250
Other, net 0 0 1,118
Net cash used in investing activities (14,549) (16,797) (23,870)
Cash Flows from Financing Activities      
Long-term debt payments (400) (400) (400)
Payment of debt issuance costs 0 0 (54)
Purchase of treasury stock at market prices (7,165) (2,872) (1,539)
Net proceeds from issuance of common stock 1,385 674 3,341
Net cash (used in) provided by financing activities (6,180) (2,598) 1,348
Effect of exchange rate changes on cash (2,090) 1,428 (146)
Net increase in cash and cash equivalents 74,726 52,103 101,319
Cash and cash equivalents at beginning of year 222,280 170,177 68,858
Cash and cash equivalents at end of year $ 297,006 $ 222,280 $ 170,177