| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Income (loss) from continuing operations | |||||||||||
94,284 | 79,847 | 80,985 | -65,024 | - | - | - | - | - | - | - | - |
Income (loss) from discontinued operations, net of tax | |||||||||||
7,833 | -58 | 2,111 | -1,165 | - | - | - | - | - | - | - | - |
Net income (loss) | |||||||||||
102,117 | 79,789 | 83,096 | 63,859 | 114,932 | 258,626 | 243,194 | 216,612 | 184,644 | 145,401 | 114,095 | 131,508 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Provisions for inventory obsolescence | |||||||||||
- | - | - | - | - | - | - | - | - | - | 807 | 101 |
Equity in earnings of affiliates | |||||||||||
- | - | - | - | - | - | - | - | - | -376 | -92 | -300 |
Stock-based compensation | |||||||||||
20,879 | 34,194 | 22,942 | 22,079 | 21,279 | 20,470 | 20,526 | 18,381 | 17,165 | 8,517 | 5,896 | 4,741 |
Depreciation and amortization | |||||||||||
22,605 | 23,087 | 24,524 | 26,872 | 27,457 | 26,696 | 25,471 | 22,917 | 23,303 | 23,113 | 23,818 | 21,773 |
Debt issuance costs amortization and finance charges | |||||||||||
- | - | - | - | - | 445 | 480 | 479 | 5,956 | 15,087 | 14,688 | 3,970 |
Non-cash interest expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 16,469 |
Gain on sale of assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | 90 | -2,015 |
(Gain) on insurance recovery | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - |
Loss on exchange of Senior Exchangeable Notes | |||||||||||
- | - | - | - | - | - | - | - | -1,012 | -1,939 | 0 | -2,829 |
Changes to value of life insurance policies | |||||||||||
2,899 | 874 | 6,112 | 824 | -909 | 1,581 | -5,112 | -1,636 | 285 | -1,950 | -1,997 | 3,904 |
Deferred income taxes | |||||||||||
36,345 | -1,832 | -9,015 | 14,385 | 107 | -4,682 | 6,790 | 3,605 | -6,549 | -10,135 | 25,636 | -9,596 |
Realization of pension obligation | |||||||||||
-112 | 2,257 | -724 | -1,243 | - | - | - | - | - | 137 | 364 | 54 |
Gain on sale of business | |||||||||||
1,154 | - | - | - | - | - | - | - | - | - | - | - |
Gain on sale of discontinued operations | |||||||||||
8,411 | - | - | - | - | - | - | - | - | - | - | - |
Net (recovery) provision for doubtful accounts | |||||||||||
754 | 692 | -202 | -18 | -2,592 | 1,243 | -236 | - | - | - | 545 | -233 |
Impairments | |||||||||||
- | - | - | - | 5,199 | 0 | 0 | - | - | - | - | - |
Other non-cash items | |||||||||||
200 | 159 | -217 | -345 | 158 | 466 | 473 | 263 | 346 | 1,911 | - | - |
Changes in assets and liabilities, net of effect of acquisitions: | |||||||||||
Accounts receivable | |||||||||||
3,191 | -2,265 | 18,565 | -31,584 | -49,261 | -3,486 | -16,312 | -16,664 | -12,082 | -22,412 | 9,990 | -5,025 |
Inventories | |||||||||||
3,892 | 10,403 | -446 | -6,219 | -3,049 | -2,894 | 1,291 | 3,224 | -16,033 | -2,438 | 1,847 | -5,576 |
Prepaid expenses and other current assets | |||||||||||
-3,561 | 9,048 | 4,549 | -2,657 | -7,744 | 10,088 | 13,915 | -12,904 | -1,228 | 21,455 | -27,762 | 3,926 |
Other assets | |||||||||||
46 | -6,264 | -545 | -340 | -2,652 | -680 | -867 | 426 | 680 | -102 | -1,060 | 71 |
Accounts payable | |||||||||||
-3,757 | -1,752 | 8,721 | -1,036 | -13,353 | -3,021 | -6,339 | -3,672 | 11,969 | 11,701 | -8,579 | 1,454 |
Accrued expenses | |||||||||||
8,067 | -6,903 | -6,775 | -6,738 | -9,723 | -2,611 | 5,979 | 4,871 | -13,754 | 13,701 | 18,813 | -2,649 |
Unearned revenues | |||||||||||
-5,513 | 1,825 | 1,379 | 1,589 | 3,092 | 121 | -2,981 | - | - | - | - | - |
Other long-term liabilities | |||||||||||
-2,936 | -11,239 | 10,313 | 587 | 4,275 | 1,873 | 11,865 | 1,300 | 9,424 | 283 | 4,774 | -4,541 |
Net cash provided by operating activities | |||||||||||
89,527 | 111,827 | 124,271 | 131,887 | 219,100 | 303,449 | 298,137 | 237,202 | 204,126 | 205,832 | 181,873 | 155,207 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Capital expenditures | |||||||||||
22,269 | 21,741 | 18,775 | 11,356 | 22,797 | 36,586 | 35,416 | 31,151 | 29,927 | 27,569 | 17,289 | 30,950 |
Patents and other intangibles | |||||||||||
180 | 1,190 | 379 | 348 | 1,460 | 854 | 3,530 | 1,648 | 220 | 233 | 240 | 354 |
Business acquisitions, net of cash acquired | |||||||||||
- | 47,314 | - | 1,242 | 13,774 | 1,200 | 0 | 556 | 18,821 | 9,000 | 0 | 11,536 |
Business acquisitions, net of cash acquired | |||||||||||
- | - | - | - | - | - | - | -2,188 | - | - | - | - |
Cash in escrow | |||||||||||
- | - | - | - | - | - | - | - | -2,179 | 0 | 0 | - |
Payments for (Proceeds from) Investments | |||||||||||
- | - | - | - | - | - | 98 | 322 | 0 | 0 | - | - |
Proceeds from sale of assets | |||||||||||
887 | 882 | 702 | 740 | 1,320 | 884 | 1,036 | 667 | 900 | 669 | 584 | 3,798 |
Proceeds from sale of business | |||||||||||
2,980 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from sale of business of discontinued operations | |||||||||||
14,789 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from insurance recovery | |||||||||||
- | - | - | - | - | - | 1,385 | 101 | 1,300 | 0 | 0 | - |
Premiums on life insurance | |||||||||||
1,884 | 1,276 | 2,105 | 2,515 | 2,943 | 4,310 | 6,575 | 3,283 | 3,071 | 2,604 | 1,595 | 2,436 |
Net cash used in investing activities | |||||||||||
-5,677 | -70,639 | -20,557 | -14,721 | -39,654 | -42,066 | -43,198 | -34,004 | -52,018 | -38,737 | -18,540 | -41,108 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Repayment of debt borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 61,046 |
Repayment of debt borrowings | |||||||||||
123,000 | 114,000 | 130,000 | 316,244 | 139,656 | 128,162 | 134,046 | 112,346 | 348,564 | 82,251 | 0 | - |
Proceeds from debt borrowings | |||||||||||
138,000 | 178,000 | 140,000 | 99,000 | 215,000 | 217,000 | 167,000 | 121,000 | 417,426 | 0 | 0 | 5,000 |
Capital lease obligations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 351 |
Stock options exercised | |||||||||||
- | - | - | - | - | - | 83 | 5 | 297 | 346 | 408 | 1,167 |
Excess tax benefits from stock-based payments | |||||||||||
- | - | - | -1,162 | -175 | 3,020 | 3,744 | 5,226 | 2,559 | 967 | 170 | 11,037 |
Debt financing costs | |||||||||||
- | 1,760 | - | 0 | 387 | 1,128 | 0 | 7 | 2,014 | 1,019 | 0 | 0 |
Settlement of Warrants | |||||||||||
- | - | - | - | - | - | - | - | 219,451 | 0 | 0 | - |
Non-controlling interest - contributions | |||||||||||
- | - | - | - | - | - | - | 1,800 | 1,194 | 156 | 0 | 370 |
Non-controlling interest-dividends | |||||||||||
- | - | - | 1,386 | 1,140 | 394 | 0 | 300 | 251 | 181 | 259 | 0 |
Dividends paid | |||||||||||
97,574 | 97,251 | 97,143 | 95,145 | 94,235 | 89,089 | 58,642 | 52,950 | 46,027 | 39,791 | 26,416 | 27,645 |
Repurchase of common shares | |||||||||||
3,308 | 7,451 | 16,909 | 7,161 | 159,709 | 264,368 | 227,216 | 175,732 | 61,825 | 92,487 | 9,389 | 31,740 |
Other financing activities | |||||||||||
8 | -10 | -26 | - | - | - | - | - | - | - | - | - |
Issuance of common shares | |||||||||||
- | - | - | 197,202 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale of note hedge claim | |||||||||||
- | - | - | - | - | - | - | - | - | - | 17,060 | 0 |
Insurance premium financed | |||||||||||
- | - | - | - | 2,228 | 0 | 0 | - | - | - | - | - |
Net cash used in financing activities | |||||||||||
-85,874 | -42,472 | -104,078 | -124,896 | -180,302 | -263,121 | -249,077 | -213,304 | -256,656 | -214,260 | -18,426 | -103,578 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||||
-2,024 | -1,284 | -364 | -7,730 | -856 | -1,738 | 5,862 | -10,106 | -104,548 | -47,165 | 144,907 | 10,521 |
Supplemental disclosures of cash flow information: | |||||||||||
Cash payments for interest | |||||||||||
13,631 | 11,499 | 10,527 | 11,248 | 12,313 | 10,272 | 8,869 | 7,352 | 2,308 | 566 | 597 | 763 |
Cash payments for income taxes | |||||||||||
13,804 | 31,928 | 24,314 | 12,181 | 35,523 | 79,644 | 57,001 | 85,660 | 74,724 | 57,259 | 41,703 | 56,081 |
Non-cash investing and financing activities: | |||||||||||
Capital expenditures incurred but not paid for as of the end of the year | |||||||||||
222 | 628 | 744 | 1,627 | 483 | 1,009 | 5,797 | 3,910 | 1,273 | 0 | 1,810 | 0 |
Common stock issued related to compensation plans | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,741 |