| 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 earnings | ||||||||||
36,146 | 46,532 | 14,448 | 34,380 | 6,954 | 26,522 | -3,929 | 20,333 | 20,967 | 22,038 | -34,050 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
24,619 | 22,514 | 20,674 | 18,992 | 16,254 | 16,971 | 21,169 | 19,615 | 17,548 | 17,565 | 19,531 |
Pension and other post-retirement plan expense | ||||||||||
1,009 | 422 | 11,570 | -1,599 | -2,451 | -2,290 | 8,138 | 6,918 | 5,045 | 4,795 | 5,359 |
Restricted Stock or Unit Expense | ||||||||||
5,015 | 5,256 | 4,184 | 2,738 | 3,195 | 2,660 | 4,219 | 4,099 | 3,746 | 4,035 | 3,555 |
Restructuring Impairment charges | ||||||||||
1,704 | 0 | 0 | 0 | 8,280 | 0 | 0 | 2,542 | - | - | - |
Goodwill impairment | ||||||||||
- | - | - | - | - | - | - | - | - | - | 33,153 |
Non-recurring environmental expense | ||||||||||
- | - | - | 0 | 14,541 | 0 | 0 | - | - | - | - |
(Gain) loss on sale of assets | ||||||||||
63 | 0 | -708 | 11,450 | 2,156 | 1,915 | - | - | - | - | - |
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net | ||||||||||
-97 | 82 | -94 | 36 | 0 | 0 | - | - | - | - | - |
Prepaid pension assets | ||||||||||
- | - | - | - | - | - | - | 7,432 | 9,363 | -8,935 | -8,548 |
Deferred income taxes | ||||||||||
2,413 | -1,008 | 16,710 | 10,297 | -8,920 | 4,900 | 12,568 | -201 | 1,166 | 2,577 | 5,987 |
Restructuring impairment charges | ||||||||||
- | - | - | - | - | 5,941 | 11,899 | 3,844 | 2,878 | 1,444 | 2,243 |
Pension liability | ||||||||||
- | - | - | - | - | - | - | -1,597 | -737 | - | - |
Loss on sale of EMS business | ||||||||||
- | - | - | - | - | - | -1,229 | - | - | - | - |
Gain on sale of assets | ||||||||||
- | - | - | - | - | - | 1,657 | - | - | - | - |
Gain on sale-leaseback transaction | ||||||||||
- | - | - | - | - | - | - | 10,334 | - | - | - |
Insurance recovery for business interruption and property damage - casualties | ||||||||||
- | - | - | - | - | - | - | 22,662 | 10,149 | - | - |
Insurance proceeds for business interruption and property damage other than property, plant and equipment - casualty | ||||||||||
- | - | - | - | - | - | - | 23,353 | 4,934 | - | - |
Changes in assets and liabilities, net of acquisition: | ||||||||||
Accounts receivable | ||||||||||
-3,784 | 9,877 | 5,198 | 7,120 | -1,036 | -4,356 | 6,075 | -9,500 | -8,345 | 23,665 | -24,023 |
Inventories | ||||||||||
-4,371 | 7,521 | 5,404 | 2,290 | -2,225 | -3,437 | 2,511 | -18,832 | 16,131 | 21,878 | -17,078 |
Operating lease assets | ||||||||||
2,578 | 0 | 0 | - | - | - | - | - | - | - | - |
Other assets | ||||||||||
2,605 | 2,675 | 1,531 | 289 | -4,090 | 5,672 | -931 | - | - | - | - |
Accounts payable | ||||||||||
-4,658 | 5,113 | 5,387 | 537 | -5,126 | -2,692 | 4,716 | -17,519 | 3,171 | - | -19,761 |
Accrued payroll and benefits | ||||||||||
-5,940 | 2,349 | -1,666 | 1,876 | -3,012 | -8,124 | - | - | - | - | - |
Accrued liabilities | ||||||||||
-3,405 | -3,795 | 28 | 451 | 1,184 | -9,872 | 733 | -8,958 | -6,607 | 2,474 | -2,843 |
Income taxes payable | ||||||||||
941 | 1,564 | -4,555 | 966 | 5,264 | 262 | -15 | -7 | -876 | 641 | -4,284 |
Operating lease liabilities | ||||||||||
2,921 | 0 | 0 | - | - | - | - | - | - | - | - |
Accrued expenses and other liabilities | ||||||||||
921 | -258 | 2,918 | 52 | -2,502 | -721 | 232 | - | - | - | - |
Pension and other post-retirement plans | ||||||||||
-287 | -382 | -319 | -303 | 295 | -414 | -14,076 | - | - | - | - |
Accounts payable and accrued liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | 22,186 | - |
Total adjustments | ||||||||||
28,259 | 11,620 | 43,600 | 12,822 | 32,197 | 6,827 | 41,500 | 21,321 | 1,224 | -2,714 | 80,646 |
Other | ||||||||||
- | - | - | - | - | - | - | -1,328 | 1,746 | 3,953 | -5,153 |
Net cash provided by operating activities | ||||||||||
64,405 | 58,152 | 58,048 | 47,202 | 39,151 | 33,349 | 37,571 | 41,654 | 22,191 | 19,324 | 46,596 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Capital expenditures | ||||||||||
21,733 | 28,488 | 18,094 | 20,500 | 9,723 | 12,949 | 13,982 | 13,464 | 15,574 | 13,271 | 6,537 |
Proceeds from sale of assets | ||||||||||
137 | 3 | 541 | 12,296 | 1,878 | 4,951 | 1,768 | 499 | 33 | 1,537 | 1,356 |
Proceeds from sale of EMS business | ||||||||||
- | - | - | - | - | - | 75,000 | - | - | - | - |
Insurance proceeds for property, plant and equipment damaged in casualties | ||||||||||
- | - | - | - | - | - | - | - | 6,767 | - | - |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||
73,906 | 0 | 19,121 | 73,063 | 1,285 | 0 | 0 | 78,189 | 2,889 | - | - |
Proceeds from sale-leaseback transaction | ||||||||||
- | - | - | - | - | - | - | 17,678 | - | - | - |
Capital expenditures to replace property, plant and equipment damaged in casualties, net of insurance proceeds | ||||||||||
- | - | - | - | - | - | - | 609 | 4,733 | - | - |
Earnout payments related to 2008 acquisition | ||||||||||
- | - | - | - | - | - | - | - | - | 500 | 750 |
Net cash used in investing activities | ||||||||||
-95,502 | -28,485 | -36,674 | -81,267 | -9,130 | -7,998 | 62,786 | -74,085 | -16,396 | -12,234 | -5,931 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Payments of long-term debt | ||||||||||
1,885,800 | 1,060,100 | 1,518,200 | 2,458,400 | 1,343,500 | 1,030,200 | 3,864,500 | 5,461,600 | 1,962,600 | 3,473,819 | 2,932,700 |
Proceeds from borrowings of long-term debt | ||||||||||
1,935,500 | 1,033,800 | 1,505,400 | 2,456,800 | 1,359,200 | 1,030,200 | 3,786,000 | 5,540,700 | 1,967,000 | 3,493,419 | 2,902,600 |
Payments of short-term notes payable | ||||||||||
0 | 0 | 1,150 | 0 | 164 | 810 | 2,218 | 2,271 | 3,103 | 3,515 | 9,206 |
Proceeds from borrowings of short-term notes payable | ||||||||||
- | - | - | 0 | 164 | 810 | 2,218 | 2,271 | 3,103 | 3,515 | 9,206 |
Purchase of treasury stock | ||||||||||
11,746 | 9,440 | 0 | 0 | 18,088 | 8,002 | 6,208 | 10,374 | 3,575 | - | - |
Dividends paid | ||||||||||
5,238 | 5,285 | 5,260 | 5,234 | 5,291 | 5,374 | 4,874 | 4,759 | 4,119 | 4,089 | 4,056 |
Exercise of stock options | ||||||||||
- | - | - | 0 | 64 | 1,204 | 2,722 | 1,679 | 472 | 131 | - |
Excess tax benefit on stock-based compensation | ||||||||||
- | - | - | 0 | 313 | 297 | 117 | - | - | - | - |
Taxes paid on behalf of equity award participants | ||||||||||
2,657 | 1,468 | 1,604 | 1,809 | 527 | 926 | - | - | - | - | - |
Other | ||||||||||
- | - | - | - | - | -3,132 | 177 | 160 | 206 | -89 | -438 |
Net cash provided by (used) in financing activities | ||||||||||
30,059 | -42,493 | -20,814 | -8,643 | -7,829 | -15,933 | -86,566 | 65,806 | -2,616 | 15,553 | -34,594 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
346 | 187 | -793 | -415 | 228 | 722 | 1,006 | -216 | -82 | -495 | 468 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
-692 | -12,639 | -233 | -43,123 | 22,420 | 10,140 | 14,797 | 33,159 | 3,097 | 22,148 | 6,539 |
Supplemental cash flow information: | ||||||||||
Cash paid for interest | ||||||||||
1,961 | 1,582 | 2,130 | 2,939 | 2,415 | 2,113 | 3,104 | 2,258 | 1,763 | 926 | 1,056 |
Cash paid for income taxes, net | ||||||||||
11,113 | 9,916 | 10,884 | 10,471 | 6,779 | 7,994 | 6,431 | 6,786 | 4,730 | 3,770 | 8,480 |
Noncash Investing and Financing Activities Disclosure [Abstract] | ||||||||||
Notes Issued | ||||||||||
- | - | - | 1,006 | 0 | 0 | - | - | - | - | - |
Capital expenditures incurred but not yet paid | ||||||||||
4,077 | 4,312 | 5,914 | 3,214 | 2,813 | - | - | - | - | - | - |