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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 38,251 $ 24,466 $ (32,135)
Adjustments for noncash items:      
Depreciation 34,079 28,494 30,909
Amortization of identifiable intangibles 6,198 3,978 4,073
Goodwill, Impairment Loss 0 0 44,465
Deferred income taxes (36,414) (3,689) (10,523)
Accrued pension and postretirement benefits 10,193 11,047 12,521
(Gain) loss on investment in kaléo accounted for under the fair value method (33,800) (1,600) 20,500
Loss on asset impairments 101,282 1,436 403
(Gain) loss on sale of assets 553 (220) (11)
Insurance Recoveries (5,261) (1,634) 0
Changes in assets and liabilities:      
Accounts and other receivables (10,566) 92 9,180
Inventories (9,128) 1,127 1,137
Income taxes recoverable/payable (24,449) (7,061) (1,849)
Prepaid expenses and other (784) (1,914) (1,256)
Accounts payable and accrued expenses 21,123 161 (2,455)
Payment for Pension and Other Postretirement Benefits (5,829) (8,061) (2,709)
Other, net 2,767 2,250 2,006
Net cash provided by operating activities 88,215 48,872 74,256
Cash flows from investing activities:      
Capital expenditures (44,362) (45,457) (32,831)
Acquisitions, net of cash acquired (87,110) 0 0
Proceeds from Insurance Settlement, Investing Activities 5,739 1,156 0
Payments of Financing Costs 0 (2,606) (78)
Proceeds from the sale of assets and other 129 2,308 1,416
Net cash used in investing activities (125,604) (41,993) (31,415)
Cash flows from financing activities:      
Borrowings 190,750 96,750 107,000
Debt principal payments (133,750) (105,750) (140,250)
Dividends paid (14,532) (14,456) (13,725)
Proceeds from exercise of stock options and other 695 2,313 2,858
Net cash provided by (used) in financing activities 43,163 (23,749) (44,195)
Effect of exchange rate changes on cash 1,206 2,225 (4,546)
Increase (decrease) in cash and cash equivalents 6,980 (14,645) (5,900)
Cash and cash equivalents at beginning of period 29,511 [1] 44,156 50,056
Cash and cash equivalents at end of period 36,491 [1] 29,511 [1] 44,156
Supplemental cash flow information:      
Interest payments 5,808 3,074 3,508
Income tax payments (refunds), net $ 9,193 $ 15,406 $ 20,118
[1] Information on exports and foreign operations are provided on the previous page. Cash and cash equivalents includes funds held in locations outside the U.S. of $32.7 million and $23.8 million at December 31, 2017 and 2016, respectively. Export sales relate almost entirely to PE Films. Operations outside the U.S. in The Netherlands, Hungary, China and India also relate to PE Films. Operations in Brazil are primarily related to Flexible Packaging Films, but also include PE Films operations. Sales from locations in The Netherlands and Hungary are primarily to customers located in Europe. Sales from locations in China (Guangzhou and Shanghai) are primarily to customers located in China, but also include other customers in Asia.