| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net income | ||||||||||
108,500 | 94,000 | 61,600 | 43,800 | 63,500 | 63,700 | 160,000 | -27,500 | -14,200 | -175,700 | 23,100 |
Adjustments to reconcile net income to net cash provided by (used for) operating activities: | ||||||||||
Net gain on discontinued operations and disposal | ||||||||||
100 | 300 | 1,100 | 4,400 | -2,300 | 4,000 | 7,500 | -49,500 | -27,300 | -101,600 | 3,300 |
Gain on joint venture | ||||||||||
- | - | - | - | - | - | - | - | - | 100 | 1,200 |
Restructuring charges, net of cash payments | ||||||||||
- | - | - | - | - | - | - | - | - | 2,300 | - |
Depreciation and amortization | ||||||||||
41,500 | 36,400 | 30,000 | 19,100 | 12,300 | 11,500 | 11,000 | 13,200 | 13,000 | 11,400 | 14,700 |
Deferred financing costs | ||||||||||
300 | 400 | 300 | 600 | 400 | 500 | 5,000 | 4,400 | 2,000 | - | - |
Deferred gain | ||||||||||
0 | 1,900 | 2,000 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | - | - |
Stock-based compensation expense | ||||||||||
8,800 | 7,600 | 4,600 | 4,800 | 6,800 | 6,100 | 4,000 | 2,600 | 1,800 | 2,100 | 3,100 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | 1,600 | 2,200 | 0 | 0 | - | - | - |
Pension settlement charges | ||||||||||
0 | 0 | -6,100 | 0 | 0 | - | - | - | - | - | - |
Pension (benefit) expense, net of funding | ||||||||||
100 | 7,800 | 5,200 | 3,700 | -3,800 | -5,900 | -1,400 | -5,700 | 1,500 | 2,200 | - |
Changes in fair value of contingent consideration and deferred payment | ||||||||||
-1,000 | -1,100 | -1,000 | -500 | 0 | - | - | - | - | - | - |
Payments for acquisition-related activity | ||||||||||
3,100 | 0 | 0 | - | - | - | - | - | - | - | - |
Provision for doubtful accounts | ||||||||||
- | - | - | - | - | - | - | - | 400 | 1,100 | 900 |
Deferred income taxes | ||||||||||
3,300 | -5,600 | -14,900 | 7,900 | 25,900 | 18,900 | -110,500 | -4,800 | 1,800 | 75,700 | 3,700 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
4,700 | 7,900 | 11,100 | 8,000 | 300 | -1,500 | 3,900 | -9,300 | 27,300 | -23,900 | -17,800 |
Inventories | ||||||||||
10,400 | 22,600 | -9,400 | 2,300 | 3,300 | 15,500 | -8,000 | 14,500 | -3,400 | 4,200 | -21,800 |
Prepaid expenses and other current assets | ||||||||||
2,200 | 1,000 | -3,900 | -1,600 | -1,000 | 100 | -3,700 | 1,400 | 4,300 | -4,900 | 700 |
Rental equipment | ||||||||||
35,500 | 30,600 | 15,700 | 6,900 | 0 | 0 | - | - | - | - | - |
Accounts payable | ||||||||||
-6,600 | 15,600 | -5,200 | -13,900 | -3,100 | 400 | -400 | 2,600 | 3,700 | 2,000 | -3,300 |
Customer deposits | ||||||||||
-5,100 | 3,700 | 1,500 | 0 | - | - | - | -1,500 | 4,600 | -100 | -7,400 |
Accrued liabilities | ||||||||||
2,800 | 8,200 | 8,000 | -7,400 | -7,200 | 6,800 | -1,700 | 17,300 | -1,500 | -4,800 | -5,800 |
Income taxes | ||||||||||
1,300 | 2,200 | 1,600 | -4,400 | -1,500 | -900 | 0 | 8,600 | 2,700 | -12,300 | 1,900 |
Pension contributions | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1,000 |
Deferred revenue | ||||||||||
- | - | - | - | - | - | - | - | - | - | 200 |
Other | ||||||||||
-3,700 | -1,300 | -700 | -1,300 | -1,600 | -2,200 | -400 | 1,000 | -1,100 | 1,300 | 3,500 |
Net cash provided by continuing operating activities | ||||||||||
103,400 | 92,800 | 73,500 | 26,700 | 91,100 | 81,100 | 64,800 | 49,200 | 14,100 | 28,700 | 61,000 |
Net cash used for discontinued operating activities | ||||||||||
-300 | 0 | -700 | -2,000 | 6,100 | -8,800 | 10,000 | -26,000 | -10,300 | 1,600 | 1,400 |
Net cash provided by (used for) operating activities | ||||||||||
103,100 | 92,800 | 72,800 | 24,700 | 97,200 | 72,300 | 74,800 | 23,200 | 3,800 | 30,300 | 62,400 |
Investing activities: | ||||||||||
Purchases of properties and equipment | ||||||||||
35,400 | 14,100 | 8,000 | 6,100 | 9,600 | 13,700 | 11,600 | 13,000 | 13,500 | 11,300 | 14,400 |
Proceeds from sales of properties and equipment | ||||||||||
- | - | - | - | - | 500 | 100 | 1,800 | 1,900 | 1,800 | 4,000 |
(Payments for) proceeds from acquisition-related activity | ||||||||||
49,600 | -3,000 | 269,200 | 102,600 | 0 | 0 | - | - | - | 97,300 | 13,500 |
Proceeds from escrow receivable | ||||||||||
- | - | - | - | 4,000 | 7,400 | 0 | 82,100 | 0 | - | - |
Cash collected from customer | ||||||||||
- | - | - | 6,000 | -6,000 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||
-600 | -100 | -100 | 300 | -100 | 0 | - | - | - | - | -10,000 |
Decrease in restricted cash | ||||||||||
- | - | - | - | - | - | -1,000 | 1,000 | 0 | - | - |
Net cash used for continuing investing activities | ||||||||||
-84,400 | -11,000 | -277,100 | -103,000 | -11,500 | -5,800 | -10,500 | 69,900 | -11,600 | -106,800 | -13,900 |
Net cash used for discontinued investing activities | ||||||||||
0 | 0 | -1,100 | 86,200 | -1,300 | -5,800 | -5,400 | - | - | -900 | 44,900 |
Net cash used for investing activities | ||||||||||
-84,400 | -11,000 | -278,200 | -16,800 | -12,800 | -11,600 | -15,900 | - | - | -107,700 | 31,000 |
Financing activities: | ||||||||||
Increase in revolving lines of credit, net | ||||||||||
7,400 | -62,100 | 209,100 | 64,800 | 0 | -20,000 | 17,500 | -173,300 | -34,600 | 129,600 | - |
Proceeds from issuance of long-term borrowings | ||||||||||
- | - | - | - | - | - | 75,000 | 215,000 | 0 | - | 12,500 |
Increase in short-term borrowings, net | ||||||||||
- | - | - | - | - | - | - | -9,500 | 7,600 | 1,700 | -12,600 |
Payments on long-term borrowings | ||||||||||
- | - | - | 43,400 | 5,800 | 21,600 | 153,600 | 99,500 | 13,200 | 70,800 | 77,600 |
Payments of debt financing fees | ||||||||||
1,000 | 0 | 200 | 1,100 | 0 | 0 | 6,100 | 6,900 | 2,300 | - | - |
Purchases of treasury stock | ||||||||||
1,000 | 1,200 | 0 | 37,800 | 10,600 | 10,300 | 0 | 0 | - | - | - |
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation | ||||||||||
2,100 | 500 | 2,900 | 2,700 | 3,200 | 0 | 0 | - | - | - | - |
Payments for acquisition-related activity | ||||||||||
10,300 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash dividends paid to stockholders | ||||||||||
19,300 | 18,700 | 16,800 | 16,900 | 15,600 | 5,600 | 0 | 0 | 3,700 | 13,300 | 11,700 |
Proceeds from stock compensation activity | ||||||||||
1,700 | 1,300 | 1,600 | 500 | 1,000 | 2,600 | 2,600 | 0 | 0 | - | - |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | 1,600 | 2,200 | 0 | 0 | - | - | - |
Proceeds from equity offering, net of fees | ||||||||||
- | - | - | - | - | - | - | - | - | 71,200 | - |
Other, net | ||||||||||
0 | 0 | -100 | -500 | -400 | -1,000 | -1,000 | 2,400 | 1,300 | 800 | 200 |
Net cash provided by (used for) continuing financing activities | ||||||||||
- | - | - | -37,100 | -33,000 | -53,700 | - | -71,800 | -44,900 | 119,200 | -89,200 |
Net cash used for discontinued financing activities | ||||||||||
- | - | - | 700 | 0 | 0 | - | -900 | -600 | -1,000 | -7,300 |
Net cash provided by (used for) financing activities | ||||||||||
-24,600 | -81,200 | 190,700 | -36,400 | -33,000 | -53,700 | -65,600 | -72,700 | -45,500 | 118,200 | -96,500 |
Effects of foreign exchange rate changes on cash and cash equivalents | ||||||||||
100 | -700 | 1,500 | -1,800 | -800 | -400 | 800 | -200 | 700 | 200 | 800 |
Increase (decrease) in cash and cash equivalents | ||||||||||
-5,800 | -100 | -13,200 | -30,300 | 50,600 | 6,600 | -5,900 | 20,200 | -52,600 | 41,000 | -2,300 |