| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
22,174 | -60,744 | 37,590 | 54,988 | 31,966 | 34,206 | 39,214 | 40,989 | 40,665 | 32,572 | 3,106 | 63,295 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Gain on sale of subsidiary | |||||||||||
- | - | - | - | - | - | - | 5,358 | 0 | 0 | - | - |
Depreciation expense | |||||||||||
21,436 | 22,411 | 21,312 | 20,818 | 20,744 | 21,343 | 20,966 | 20,945 | 18,551 | 18,022 | 17,752 | 16,657 |
Amortization | |||||||||||
4,764 | 5,502 | 4,490 | 3,995 | 3,334 | 3,033 | 1,299 | 2,103 | 708 | 706 | 924 | 686 |
Provision for doubtful accounts | |||||||||||
1,249 | 223 | 482 | 280 | 18 | 1,011 | 629 | 759 | 1,510 | -11 | 1,023 | 320 |
Provision for warranties | |||||||||||
9,762 | 13,219 | 16,725 | 18,912 | 13,743 | 12,796 | 12,199 | 11,152 | 13,029 | -12,293 | -12,514 | - |
Deferred compensation expense (benefit) | |||||||||||
617 | -1,554 | -574 | 1,742 | 241 | 74 | 601 | 115 | -45 | 539 | -399 | -502 |
Provision for inventory reserve | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,143 |
Provision for warranty | |||||||||||
- | - | - | - | - | - | - | - | - | -13,365 | -10,908 | 18,317 |
Gain on sale of available for sale securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -6,195 |
Tax benefit from stock incentive plans | |||||||||||
- | - | - | - | 345 | 586 | -8 | 107 | 310 | 579 | 50 | -637 |
Stock-based compensation | |||||||||||
2,637 | 2,182 | 3,142 | 2,936 | 1,250 | 1,200 | 1,461 | 1,285 | 2,800 | 2,395 | 1,407 | 2,384 |
Deferred income tax provision | |||||||||||
1,715 | -25,385 | -291 | -3,521 | -2,559 | -2,544 | -2,220 | 6,223 | -1,982 | -497 | 382 | 2,552 |
(Gain) loss on disposition of fixed assets | |||||||||||
-255 | 71 | 388 | 224 | 529 | 306 | 163 | 256 | 54 | 8 | -66 | -23 |
Asset impairment charges | |||||||||||
250 | 13,060 | 0 | 0 | - | - | - | - | 2,724 | 0 | 17,036 | 0 |
Distribution from Supplemental Employee Retirement Program (Serp Rabi trust) to Serp participant after termination. | |||||||||||
2,207 | 767 | 206 | 532 | 2,986 | 0 | 0 | - | - | - | - | - |
Change in operating assets and liabilities: | |||||||||||
Sale (purchase) of trading securities, net | |||||||||||
864 | 758 | -473 | 1,873 | 405 | -118 | 1,350 | 146 | -1,733 | -946 | 2,513 | -1,623 |
Trade and other receivables | |||||||||||
-7,531 | 16,189 | 7,749 | 4,895 | -3,163 | 6,924 | 8,849 | -7,555 | 24,554 | 11,911 | -8,171 | 10,926 |
Inventories | |||||||||||
-61,297 | -30,757 | 19,618 | -30,839 | 6,499 | 41,933 | 36,561 | 41,145 | 33,058 | 2,115 | -40,875 | -70,790 |
Other assets | |||||||||||
-216 | 3,698 | 779 | -2,069 | 968 | 4,763 | 3,215 | 1,566 | -45 | -511 | -905 | -625 |
Prepaid expenses and other assets | |||||||||||
2,260 | 11,943 | 5,181 | -4,846 | 3,016 | 3,989 | 5,433 | 1,655 | -177 | -5,532 | 698 | -3,819 |
Accounts payable | |||||||||||
-12,968 | 9,843 | 630 | 8,836 | -11,409 | 10,755 | 1,028 | -6,425 | 9,002 | 7,351 | -16,124 | -3,909 |
Amount of increase (decrease) in the standard product warranty accrual. | |||||||||||
10,473 | 17,539 | 14,642 | 15,125 | 14,177 | -15,563 | -10,163 | -11,021 | -10,524 | - | - | -15,955 |
Customer deposits | |||||||||||
-5,299 | -522 | 9,379 | -762 | -3,697 | 5,483 | -5,436 | 4,918 | 6,235 | 8,328 | -15,938 | 402 |
Prepaid, refundable and income taxes payable, net | |||||||||||
12,192 | 3,683 | -597 | 181 | -4,093 | -1,136 | -823 | 1,611 | 816 | 972 | -486 | -2,298 |
Accrued retirement benefit costs | |||||||||||
-1,276 | -1,100 | 45 | -50 | 24 | -201 | -324 | -218 | -446 | -1,098 | 128 | -800 |
Accrued loss reserves | |||||||||||
-1,073 | -125 | 122 | 229 | 103 | -305 | -199 | 1,435 | -342 | 1,210 | -228 | 959 |
Other accrued liabilities | |||||||||||
2,033 | 8,887 | -1,118 | 11,142 | 3,576 | 3,289 | 1,085 | 298 | 4,983 | 2,267 | -2,667 | -4,352 |
Other | |||||||||||
-726 | -843 | 1,366 | 25 | -3,387 | -3,195 | -1,709 | -12 | 40 | 1,748 | 2,321 | 925 |
Net cash provided by operating activities | |||||||||||
112,434 | -29,785 | 41,881 | 134,806 | 30,866 | 18,863 | 5,861 | 28,633 | 32,307 | 62,036 | 49,201 | 10,038 |
Expenditures for property and equipment | |||||||||||
23,360 | 27,440 | 20,046 | 27,367 | 21,202 | 24,851 | 27,673 | 26,018 | 36,130 | 11,336 | 17,463 | 39,932 |
Business acquisition, net of cash acquired | |||||||||||
0 | 0 | 26,443 | 39,764 | -178 | 34,965 | 0 | 0 | 33,407 | 0 | 475 | 18,283 |
Proceeds from sale of subsidiary | |||||||||||
- | - | - | - | - | - | - | 42,940 | 0 | 0 | - | - |
Proceeds from sale of property and equipment | |||||||||||
483 | 375 | 480 | 614 | 10,054 | 743 | 424 | 375 | 260 | 202 | 283 | 276 |
Sale (purchase) of investments | |||||||||||
-1,337 | 360 | 891 | -290 | -378 | -16,249 | 15,000 | 0 | 0 | - | - | - |
Sale of intangible assets acquired | |||||||||||
- | - | - | - | - | - | - | - | 500 | 0 | 0 | - |
Sale of available for sale securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 16,500 |
Net cash used by investing activities | |||||||||||
-21,540 | -27,425 | -46,900 | -66,227 | -10,592 | -42,824 | -42,249 | 17,297 | -68,777 | -11,134 | -17,655 | -41,439 |
Cash flows from financing activities: | |||||||||||
Payment of dividends | |||||||||||
9,916 | 9,625 | 9,226 | 9,217 | 9,193 | 9,167 | 6,856 | 22,790 | 0 | 0 | - | - |
Borrowings under bank loans | |||||||||||
165,980 | 148,504 | 0 | 5,973 | 106,034 | 113,547 | 0 | 0 | - | - | - | - |
Repayments of bank loans | |||||||||||
224,034 | 91,964 | 7,242 | 5,903 | 104,567 | 103,188 | 0 | 0 | - | - | - | - |
Proceeds from cash surrender value of life insurance | |||||||||||
- | - | - | - | 416 | 0 | 0 | - | - | - | - | - |
Purchase of shares of subsidiaries | |||||||||||
16 | 28 | 106 | 696 | -653 | 1,428 | 735 | 904 | 29 | 41 | - | - |
Proceeds from issuance of common stock | |||||||||||
- | - | - | - | 72 | 282 | 112 | 514 | 812 | 1,431 | 880 | 4,669 |
Tax benefit from stock option exercise | |||||||||||
- | - | - | - | 345 | 586 | -8 | 107 | 310 | 579 | 50 | 637 |
Repayments under revolving line of credit | |||||||||||
- | - | - | - | - | - | - | - | - | - | -3,427 | 3,427 |
Principal repayments of notes payable assumed in business combinations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 912 |
Cash from sale (acquisition) of shares of subsidiary | |||||||||||
- | - | - | - | - | - | - | - | - | - | 635 | -1 |
Sale / (purchase) of company stock by SERP, net . | |||||||||||
-256 | -377 | -289 | 153 | -2,084 | -95 | 213 | -373 | -266 | -25 | -78 | -196 |
Withholding tax paid upon vesting of restricted stock units | |||||||||||
355 | 432 | 507 | 1,024 | 600 | 953 | 782 | 834 | 0 | 0 | - | - |
Repurchase of Company stock | |||||||||||
0 | 24,138 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used by financing activities | |||||||||||
-68,085 | 22,694 | -16,792 | -11,020 | -6,062 | 2,440 | -6,586 | -22,472 | 885 | 2,026 | -3,210 | 7,626 |
Effect of exchange rates on cash | |||||||||||
227 | -1,943 | 1,720 | -250 | -2,173 | -1,020 | -2,391 | -34 | -1,507 | 1,240 | 2,419 | -1,188 |
Net change in cash and cash equivalents | |||||||||||
23,036 | -36,459 | -20,091 | 57,309 | 12,039 | -22,541 | -45,365 | 23,424 | -37,092 | 54,168 | 30,755 | -24,963 |
Supplemental Cash Flow Information | |||||||||||
Cash Paid During Year For [Abstract] | |||||||||||
Interest, net of capitalized interest | |||||||||||
1,771 | 856 | 588 | 1,407 | 1,651 | 476 | 229 | 366 | 193 | 352 | 488 | 787 |
Income taxes paid (refunded), net | |||||||||||
-11,262 | 8,523 | 26,917 | 28,455 | 29,573 | 23,027 | 20,331 | 13,722 | 21,473 | 8,504 | 9,319 | 38,106 |