XML 87 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net income $ 11,873 $ 8,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,406 11,052
Deferred income taxes 721 1,749
Stock based compensation 1,942 1,968
Defined benefit plan expense (income) 85 (617)
Allowance for credit losses 451 229
Loss on sale of property and equipment 119 178
Operating lease expense 1,651 1,333
Impairment loss   10,484
Gain on sale of business   (4,970)
Changes in assets and liabilities:    
Accounts receivable (2,491) (8,293)
Inventory (404) (229)
Other assets (4,805) (5,553)
Accounts payable 13,540 (2,079)
Other liabilities (3,669) (6,785)
Net cash provided by operating activities 29,419 6,881
Investing Activities:    
Proceeds from the sale of property and equipment 34 28
Proceeds from divestiture of business   47,500
Acquisition of intangible assets (3,141)  
Purchases of property and equipment (3,231) (5,150)
Net cash (used in) provided by investing activities (6,338) 42,378
Financing Activities:    
Borrowing of debt 169,546 10,428
Repayments of debt (16,111) (49,627)
Cash paid for the cancellation of restricted stock (404) (376)
Proceeds from the exercise of Common Stock options 5,902 214
Cash paid for the repurchase of Common Stock (9,092) (8,040)
Net cash provided by (used in) financing activities 149,841 (47,401)
Foreign currency effect (426) (209)
Net increase in cash, cash equivalents and restricted cash 172,496 1,649
Cash, cash equivalents and restricted cash at beginning of period 52,948 39,620
Cash, cash equivalents and restricted cash at end of period 225,444 41,269
Supplemental disclosure of cash flow information:    
Cash paid for taxes 3,525 3,466
Cash paid for interest $ 537 $ 1,252