XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 14,686 $ (10,585)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 15,330 14,466
Deferred income tax provision 2,510 715
Stock-based compensation 73 204
Issuance of treasury stock under 401(k) plan 133 131
Foreign currency translation loss (gain) 3,769 (1,342)
(Increase) decrease in assets:    
Accounts receivable (65,854) (48,180)
Inventories (26,115) (14,547)
Prepaid and other current assets (2,142) 2,641
Other assets 252 (251)
Increase (decrease) in liabilities:    
Accounts payable 29,793 34,313
Other current liabilities (4,421) 7,425
Other liabilities (3,697) 471
Net cash used for operating activities (35,683) (14,539)
Cash flows from investing activities:    
Capital expenditures (7,807) (8,389)
Other 794 574
Net cash used for investing activities (7,013) (7,815)
Cash flows from financing activities:    
Proceeds from borrowings 16,480 14,635
Payment on debt (5,720) (10,216)
Dividends paid (299) (271)
Net cash provided by financing activities 10,461 4,148
Effect of exchange rate changes on cash 1,094 1,537
Net increase in cash and cash equivalents (31,141) (16,669)
Cash and cash equivalents, beginning of period 143,570 147,827
Cash and cash equivalents, end of period 112,429 131,158
Supplemental information:    
Interest paid 792 2,458
Income taxes paid, net of refunds received 2,508 648
Stock Issued During Period, Value, Conversion of Convertible Securities $ 0 $ 58,460