XML 25 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 47,906 $ 10,690
Adjustments for noncash items:    
Depreciation 15,993 13,847
Amortization of intangibles 2,893 1,946
Pension and Other Postretirement Benefit Contributions (2,106) (1,077)
Deferred income taxes 2,000 (3,563)
Accrued pension and post-retirement benefits 5,264 5,759
(Gain)/loss on investment accounted for under the fair value method (24,800) (1,100)
(Gain)/loss on asset impairments and divestitures 50 339
Gain (Loss) on Disposition of Assets (307) 0
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts and other receivables (20,197) (4,278)
Inventories (7,261) 1,490
Income taxes recoverable/payable (6,120) (1,099)
Prepaid expenses and other 735 (737)
Accounts payable and accrued expenses 6,178 (5,554)
Other, net 1,126 1,600
Net cash provided by operating activities 21,968 18,263
Cash flows from investing activities:    
Capital expenditures (26,692) (19,018)
Acquisition, net of cash acquired (87,110) 0
Proceeds from the sale of assets and other 95 1,104
Net cash used in investing activities (113,707) (17,914)
Cash flows from financing activities:    
Borrowings 148,750 28,500
Debt principal payments (56,500) (38,500)
Dividends paid (7,268) (7,213)
Payments of Debt Issuance Costs 0 (2,508)
Proceeds from exercise of stock options and other 695 (118)
Net cash provided by (used) in financing activities 85,677 (19,839)
Effect of exchange rate changes on cash 577 2,831
Decrease in cash and cash equivalents (5,485) (16,659)
Cash and cash equivalents at beginning of period 29,511 44,156
Cash and cash equivalents at end of period $ 24,026 $ 27,497