| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Cash Provided by (Used in) Operating Activities [Abstract] | ||||||||||
Net earnings | ||||||||||
79,671 | 78,573 | 90,071 | 55,972 | 59,722 | 52,826 | 44,874 | 40,005 | 38,765 | 33,277 | 26,785 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
45,862 | 44,666 | 44,379 | 46,202 | 39,964 | 30,524 | 10,474 | 9,641 | 9,291 | 8,559 | 8,130 |
Stock compensation expense | ||||||||||
7,596 | 6,413 | 6,264 | 7,024 | 6,829 | 4,557 | 3,817 | 3,906 | 3,692 | 3,992 | 3,076 |
Shares issued under employee benefit plans | ||||||||||
- | - | - | - | - | - | - | 311 | 475 | 431 | 430 |
Deferred income taxes | ||||||||||
-3,563 | -5,403 | -28,777 | -6,881 | -2,857 | -11,259 | -315 | -92 | 307 | -669 | -1,216 |
Provision for doubtful accounts | ||||||||||
1,776 | 43 | 69 | 258 | -53 | 238 | 0 | 57 | -27 | -225 | 305 |
Foreign currency transaction (gain)/loss | ||||||||||
-72 | 141 | -340 | 16 | -25 | -105 | -92 | -88 | -197 | 25 | -36 |
Gain on sale of a product line | ||||||||||
- | - | - | - | - | - | - | - | - | 931 | 0 |
Asset impairment charge | ||||||||||
1,140 | 1,801 | 0 | 0 | 301 | 150 | 0 | 0 | 94 | 311 | 0 |
Gain on disposal of assets | ||||||||||
3,134 | 3,244 | -254 | -320 | - | - | - | - | - | - | - |
Changes in assets and liabilities | ||||||||||
Accounts receivable | ||||||||||
-11,623 | 7,773 | 3,906 | 15,659 | -10,809 | 8,395 | -2,958 | 7,642 | 2,697 | 2,744 | -862 |
Inventories | ||||||||||
11,401 | 6,016 | 319 | -4,745 | -3,126 | -6,698 | 3,942 | 1,979 | 3,009 | 1,863 | -2,656 |
Prepaid expenses and other current assets | ||||||||||
-477 | -1,517 | 439 | -240 | -1,233 | 848 | -495 | 387 | 339 | -43 | -1,776 |
Accounts payable and accrued expenses | ||||||||||
1,134 | 5,988 | 1,511 | 17,841 | -15,718 | 7,747 | -2,770 | 5,775 | 739 | 2,645 | 4,037 |
Income taxes | ||||||||||
-5,664 | 1,121 | 449 | -2,765 | 633 | 3,370 | -620 | 3,890 | -2,924 | -4,091 | 1,009 |
Other | ||||||||||
-1,128 | 1,152 | 722 | 331 | -188 | -363 | 629 | 208 | 338 | 320 | -8 |
Customer deposits and other deferred revenue | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Other | ||||||||||
- | - | - | - | - | - | - | - | - | - | -194 |
Net cash provided by operating activities | ||||||||||
124,461 | 118,697 | 110,618 | 107,612 | 103,826 | 85,350 | 55,692 | 53,781 | 44,902 | 39,030 | 48,072 |
Cash flows from investing activities: | ||||||||||
Capital expenditures and intangible assets acquired | ||||||||||
28,413 | 19,723 | 28,117 | - | - | - | - | - | - | - | - |
Proceeds from sale of a product line | ||||||||||
- | - | - | - | - | - | - | - | - | 1,125 | 0 |
Cash paid for acquisitions, net of cash acquired | ||||||||||
141,062 | 17,399 | 17,393 | 110,601 | 0 | 491,057 | 0 | 0 | - | 4,661 | 0 |
Capital expenditures | ||||||||||
- | - | - | 23,034 | 41,300 | 13,199 | 8,187 | 13,883 | 6,612 | 7,557 | 3,429 |
Proceeds from sale of business and assets | ||||||||||
11,523 | 966 | 22 | 4 | 34 | 1 | 40 | 0 | 28 | 0 | 0 |
Proceeds from insurance | ||||||||||
2,727 | 4,165 | 2,792 | 1,000 | 0 | 0 | - | - | - | - | - |
Intangible assets acquired | ||||||||||
- | - | - | 963 | 1,011 | 169 | 230 | 121 | 25 | -44 | 215 |
Purchase of convertible note | ||||||||||
1,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-156,225 | -31,991 | -42,696 | -133,594 | -42,277 | -504,424 | -8,377 | -14,004 | -6,609 | -11,049 | -3,644 |
Cash flows from financing activities: | ||||||||||
Proceeds from revolving loan | ||||||||||
168,569 | 210,750 | 25,000 | 72,500 | 0 | -50,000 | 0 | 0 | - | - | - |
Principal payments on revolving loan | ||||||||||
76,000 | 54,750 | 44,000 | 53,500 | 0 | 50,000 | 0 | 0 | - | - | - |
Principal payments on long-term debt | ||||||||||
0 | 219,500 | 43,000 | 35,000 | 35,000 | 17,500 | 0 | 1,386 | 3,557 | 1,458 | 2,844 |
Proceeds from long-term debt | ||||||||||
- | - | - | - | - | 350,000 | 0 | 178 | 0 | 97 | 0 |
Principal payment on acquired debt | ||||||||||
17,567 | 19 | 2,384 | 884 | 0 | 75,550 | 0 | 0 | - | - | - |
Cash paid for financing costs | ||||||||||
0 | 1,374 | 0 | 0 | - | 2,593 | 0 | 0 | - | - | - |
Proceeds from short-term obligations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 701 |
Repayments of short-term obligations | ||||||||||
- | - | - | - | - | 89 | 89 | 0 | 0 | - | 2,657 |
Proceeds from stock options exercised | ||||||||||
4,839 | 8,272 | 9,732 | 7,192 | 12,605 | 9,106 | 9,082 | 1,905 | 4,451 | 4,343 | 2,988 |
Excess tax benefits from stock compensation | ||||||||||
- | - | - | 2,546 | 7,009 | 7,220 | 9,397 | 2,862 | 2,894 | 4,230 | 2,289 |
Dividends paid | ||||||||||
15,135 | 13,432 | 12,069 | 10,720 | 9,251 | 7,856 | 0 | 11,703 | 4,311 | 3,091 | 2,008 |
Purchase of treasury stock | ||||||||||
21,321 | 1,394 | 1,905 | 1,588 | 1,205 | 1,068 | 1,925 | 1,699 | 109 | 937 | 0 |
Net cash used in financing activities | ||||||||||
43,385 | -71,447 | -68,626 | -19,454 | -25,842 | 261,670 | 16,465 | -9,843 | -632 | 3,184 | -1,531 |
Effect of exchange rate changes on cash | ||||||||||
-217 | -1,407 | 2,477 | -716 | -1,199 | -1,056 | 230 | 22 | -133 | -344 | 113 |
Increase (decrease) in cash and cash equivalents | ||||||||||
11,404 | 13,852 | 1,773 | -46,152 | 34,508 | -158,460 | 64,010 | 29,956 | 37,528 | 30,821 | 43,010 |