| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
28,620 | 40,854 | 55,487 | 14,664 | 30,498 | 32,192 | 35,939 | 40,481 | 752 | 30,346 | 12,137 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||||
Depreciation | ||||||||||
18,688 | 18,530 | 20,079 | 20,479 | 18,704 | 19,792 | 18,653 | 18,635 | 18,519 | 17,392 | 18,651 |
Amortization of debt discount | ||||||||||
8,302 | 0 | 0 | - | - | - | - | - | 3,903 | 4,244 | 4,111 |
Amortization of deferred debt issuance costs | ||||||||||
3,454 | 1,042 | 1,042 | - | - | - | - | - | - | - | - |
Amortization | ||||||||||
53,635 | 42,231 | 37,427 | 34,830 | 25,175 | 25,942 | 29,214 | 27,981 | 20,265 | 20,171 | 18,521 |
Stock-based compensation | ||||||||||
11,800 | 10,000 | 8,500 | 8,375 | 7,499 | 9,330 | 5,593 | 5,653 | 5,240 | 4,223 | 4,308 |
Impairment charges | ||||||||||
312 | 4,212 | 0 | 0 | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
-6,310 | 2,063 | -40,021 | -2,871 | 2,251 | -284 | 7,218 | 12,946 | -13,098 | 13,158 | 4,241 |
Gain on sale of facility | ||||||||||
- | - | - | 1,890 | 0 | 0 | - | - | - | - | - |
Income tax benefit of stock option exercises | ||||||||||
- | - | - | - | 3,961 | 644 | 1,097 | 1,052 | 1,197 | 29,000 | 13,000 |
Income tax benefit of stock option exercises | ||||||||||
- | - | - | - | - | - | - | - | - | 227 | 561 |
Excess tax benefit from stock option exercises | ||||||||||
- | - | - | - | 4,081 | 922 | 1,518 | 1,206 | 1,363 | 485 | 886 |
Loss on early extinguishment of debt | ||||||||||
-300 | 0 | 0 | - | 0 | 0 | -300 | 0 | 0 | -79 | 1,083 |
Impairment of goodwill | ||||||||||
- | - | - | - | - | - | - | - | 60,302 | 0 | 0 |
Increase (decrease) in cash flows from changes in assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
13,943 | 17,460 | 13,631 | 6,380 | 9,643 | -5,255 | 798 | -1,687 | -8,464 | -9,342 | 12,879 |
Inventories | ||||||||||
117 | 15,037 | 3,926 | -3,103 | 18,581 | 10,449 | 1,817 | -3,810 | 7,850 | 20,317 | 9,454 |
Accounts payable | ||||||||||
38 | 12,109 | -286 | 2,094 | 11,508 | -3,449 | 4,223 | 259 | 2,649 | -4,645 | -7,400 |
Income taxes | ||||||||||
-1,867 | -2,193 | 4,288 | -200 | -1,357 | 5,291 | -1,098 | -6,497 | 4,838 | -692 | -2,287 |
Accrued compensation and benefits | ||||||||||
9,957 | 9,044 | 336 | -2,598 | -3,964 | 3,572 | -71 | 767 | 1,673 | 2,516 | 5,630 |
Other assets | ||||||||||
22,263 | 24,216 | 22,401 | 23,234 | 12,005 | 11,037 | 5,222 | 1,210 | 4,243 | -332 | 197 |
Other liabilities | ||||||||||
4,548 | -6,515 | 18,700 | -6,491 | 952 | -10,701 | -10,727 | -9,159 | 1,745 | -8,648 | 4,054 |
Total operating | ||||||||||
-66,513 | -33,847 | -10,079 | -25,217 | -20,419 | -32,984 | -45,010 | -54,718 | -102,241 | -7,897 | -12,891 |
Net cash provided by (used in) operating activities | ||||||||||
95,133 | 74,701 | 65,566 | 39,881 | 50,917 | 65,176 | 80,949 | 95,199 | 102,993 | 38,243 | 25,028 |
Cash flows from investing activities: | ||||||||||
Proceeds from sale of a facility | ||||||||||
- | - | - | 5,178 | 0 | 0 | - | 1,836 | 0 | 0 | - |
Purchases of property, plant and equipment | ||||||||||
20,066 | 16,507 | 12,842 | 14,753 | 15,009 | 15,411 | 18,445 | 21,532 | 17,552 | 14,732 | 21,444 |
Payments related to business and asset acquisitions, net of cash acquired | ||||||||||
367,596 | 0 | 16,212 | 256,450 | 9,353 | 5,265 | 0 | 86,253 | 4,191 | 5,289 | 330 |
Net cash used in investing activities | ||||||||||
-387,662 | -16,507 | -29,054 | -266,025 | -24,362 | -20,676 | -18,445 | -105,949 | -21,743 | -20,021 | -21,774 |
Cash flows from financing activities: | ||||||||||
Net proceeds from common stock issued under employee plans | ||||||||||
- | - | - | - | - | - | 17,264 | 10,165 | 6,117 | 2,452 | 1,198 |
Repurchase of common stock | ||||||||||
- | - | - | - | - | 16,862 | 50,556 | 3,923 | 15,021 | 22,977 | 0 |
Excess tax benefit from stock option exercises | ||||||||||
- | - | - | - | 4,081 | 922 | 1,518 | 1,206 | 1,363 | 485 | 886 |
Payments on term loan | ||||||||||
154,312 | 13,125 | 8,750 | 8,750 | 0 | 0 | - | - | - | - | - |
Payments on senior credit agreement | ||||||||||
- | - | - | - | - | - | - | 53,588 | 1,350 | 1,350 | 1,350 |
Proceeds from term loan | ||||||||||
265,000 | 0 | 0 | 175,000 | 0 | 0 | 55,000 | 73,000 | 58,000 | 12,000 | 6,000 |
Payments on revolving line of credit | ||||||||||
484,000 | 168,000 | 157,000 | 162,347 | 112,000 | 86,000 | - | - | - | - | - |
Proceeds from revolving line of credit | ||||||||||
392,000 | 153,000 | 155,000 | 225,000 | 142,680 | 113,000 | - | - | - | - | - |
Proceeds from convertible notes | ||||||||||
345,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments related to distribution agreement | ||||||||||
- | - | - | 16,667 | 16,667 | 16,667 | 34,000 | 0 | 0 | - | - |
Payments on mortgage notes | ||||||||||
836 | 1,574 | 1,452 | 1,339 | 1,234 | 1,140 | 1,050 | 969 | 894 | 824 | 1,425 |
Payments related to contingent consideration | ||||||||||
6,466 | 21,323 | 0 | 0 | - | - | 0 | - | - | - | - |
Payments on senior subordinated notes | ||||||||||
- | - | - | - | - | - | 227 | 100 | 111,766 | 2,933 | 7,808 |
Payments related to debt issuance costs | ||||||||||
16,210 | 913 | 0 | 5,556 | 1,485 | 0 | 1,725 | 0 | 0 | 2,525 | 0 |
Dividends paid on common stock | ||||||||||
22,600 | 22,443 | 22,307 | 22,213 | 22,105 | 21,959 | 16,696 | 12,862 | 0 | 0 | - |
Purchases of convertible notes hedges | ||||||||||
51,198 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from issuance of warrants | ||||||||||
30,567 | 0 | 0 | - | - | - | - | - | - | - | - |
Other, net | ||||||||||
3,936 | 2,113 | -372 | -585 | -5,892 | 2,316 | -824 | -1,576 | -3,148 | 66 | -1,188 |
Net cash provided by financing activities | ||||||||||
300,881 | -72,265 | -34,881 | 182,543 | -12,622 | -26,390 | -31,296 | 11,353 | -66,699 | -15,606 | -3,687 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-7 | -1,040 | 3,563 | -1,475 | -7,761 | -6,221 | -485 | -2,931 | -920 | -297 | -1,280 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
8,345 | -15,111 | 5,194 | -45,076 | 6,172 | 11,889 | 30,723 | -2,328 | 13,631 | 2,319 | -1,713 |
Non-cash investing and financing activities: | ||||||||||
Contractual obligations from asset acquisition | ||||||||||
5,639 | 8,360 | 0 | 0 | - | - | - | - | - | - | - |
Cash paid during the year for: | ||||||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | ||||||||||
27,274 | 19,660 | 16,157 | 13,758 | 5,434 | 5,532 | 5,143 | 5,038 | 5,797 | 6,025 | 6,303 |
Income taxes | ||||||||||
10,576 | 11,048 | 8,869 | 9,588 | 10,261 | 10,206 | 6,837 | 10,953 | 4,760 | 3,257 | 3,650 |