XML 25 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:      
Net income (loss) $ 45,049 $ 75,574 $ 20,567
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:      
Depreciation 21,490 19,998 18,964
Amortization, including accretion of deferred financing costs 6,764 3,615 3,833
Deferred income taxes (5,959) (38,747) (2,165)
Earnings of equity method investee (1,636) (1,233) (608)
(Gain) loss on fixed assets (1,796) 48 74
Share-based compensation expense 7,265 6,134 7,224
Tax benefit related to share-based compensation expense (858) (977)  
Change in fair value of earn-out contingent consideration 7,485    
Loss on disposal of Wiring business     210
Changes in operating assets and liabilities      
Accounts receivable, net (15,156) (18,694) (489)
Inventories, net (2,132) 4,519 (4,340)
Prepaid expenses and other assets (10,177) 2,652 (295)
Accounts payable 10,492 10,980 6,577
Accrued expenses and other liabilities 18,077 1,408 5,253
Net cash provided by operating activities 78,908 65,277 54,805
INVESTING ACTIVITIES:      
Capital expenditures (32,170) (24,476) (28,735)
Proceeds from sale of fixed assets 77 652 64
Insurance proceeds for fixed assets 711    
Payments related to sale of business     (1,230)
Business acquisition (77,258)   (469)
Net cash used for investing activities (108,640) (23,824) (30,370)
FINANCING ACTIVITIES:      
Acquisition of noncontrolling interest, including transaction costs (1,848)    
Revolving credit facility borrowings 95,000    
Revolving credit facility payments (41,000) (33,000)  
Proceeds from issuance of other debt 2,748 16,223 22,540
Repayments of debt (11,573) (25,748) (30,586)
Other financing costs (61) (399) (49)
Repurchase of Common Shares to satisfy employee tax withholding (2,481) (1,424) (2,924)
Tax benefits related to share-based compensation expense   977  
Net cash provided by (used for) financing activities 40,785 (43,371) (11,019)
Effect of exchange rate changes on cash and cash equivalents 4,561 (2,054) (2,076)
Net change in cash and cash equivalents 15,614 (3,972) 11,340
Cash and cash equivalents at beginning of period 50,389 54,361 43,021
Cash and cash equivalents at end of period 66,003 50,389 54,361
Supplemental disclosure of cash flow information:      
Cash paid for interest 5,746 5,786 6,092
Cash paid for income taxes, net $ 7,093 3,386 2,494
Supplemental disclosure of non-cash operating and financing activities:      
Bank payment of vendor payables under short-term debt obligations   $ 3,764 $ 5,323