| 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 | ||||||||||
35,815 | 39,979 | 26,555 | 24,883 | 25,109 | 36,141 | 30,104 | 28,203 | 28,804 | 25,963 | 18,269 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
13,749 | 14,484 | 15,053 | 15,529 | 15,282 | 14,615 | 13,588 | 12,066 | 11,459 | 10,601 | 8,955 |
Pension expense | ||||||||||
2,823 | 4,909 | 6,368 | 3,431 | 7,657 | 2,708 | 7,164 | 6,946 | 6,070 | 3,024 | 4,726 |
Contributions to pension plan | ||||||||||
- | 4,000 | 2,000 | 16,000 | 4,000 | 2,500 | 4,200 | 7,200 | 7,200 | 7,200 | 6,200 |
Deferred income tax charge (benefit) | ||||||||||
-1,198 | 337 | -6,140 | 3,511 | -563 | -1,367 | 241 | 2,193 | 1,608 | 4,166 | 2,633 |
(Gain) loss on sale of property, plant and equipment | ||||||||||
53 | 44 | -153 | 607 | 88 | 343 | 2,535 | - | - | - | - |
Stock based compensation | ||||||||||
1,025 | 1,674 | 743 | 252 | - | - | - | - | - | - | - |
Impairment of goodwill and other intangible assets | ||||||||||
- | - | 4,098 | 1,800 | 0 | 0 | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | ||||||||||
-2,218 | 1,196 | -5,473 | -5,273 | 4,750 | 8,529 | 662 | -710 | 4,423 | 10,618 | -10,961 |
Inventories, net | ||||||||||
-11,452 | 13,601 | 4,305 | -13,904 | -12,576 | 2,987 | 48 | 8,583 | 21,744 | 1,223 | -14,979 |
Accounts payable | ||||||||||
-601 | 1,299 | -1,268 | 1,393 | -4,123 | -693 | 2,985 | -1,911 | 3,637 | 655 | -6,906 |
Commissions payable | ||||||||||
-2,140 | 1,737 | -3,849 | 3,300 | -1,498 | 3,367 | -1,487 | -189 | 1,166 | - | - |
Deferred revenue and customer deposits | ||||||||||
-321 | 741 | -902 | -380 | -2,425 | -3,024 | 7,112 | - | - | - | - |
Income taxes | ||||||||||
697 | 6,599 | -7,950 | -64 | -815 | - | - | - | - | - | - |
Accrued expenses and other | ||||||||||
153 | 1,928 | 3,215 | -8,248 | -2,436 | -3,700 | 6,947 | 4,727 | 8,211 | 67 | - |
Commissions payable | ||||||||||
- | - | - | - | - | - | - | - | - | 2,243 | -898 |
Benefit obligations | ||||||||||
51 | 438 | 7,879 | -5,329 | 873 | 4,685 | 8,823 | 4,329 | 6,456 | 404 | -1,934 |
Net cash provided by operating activities | ||||||||||
62,174 | 41,210 | 43,265 | 53,434 | 40,683 | 29,003 | 50,386 | 32,633 | 21,132 | 28,643 | 49,728 |
Cash flows from investing activities: | ||||||||||
Capital additions | ||||||||||
10,912 | 10,947 | 7,754 | 6,877 | 8,260 | 13,278 | 21,014 | 16,373 | 11,175 | 8,310 | 38,071 |
Proceeds from sale of property, plant and equipment | ||||||||||
69 | 512 | 320 | 1,379 | 466 | 681 | 2,905 | - | - | - | - |
(Purchase of) Proceeds from short-term investments, net | ||||||||||
4 | -2,967 | 2,976 | - | 0 | - | - | -805 | -958 | 512 | 1,500 |
Payments for acquisitions, net of cash acquired | ||||||||||
- | - | - | 2,968 | 3,386 | 16,667 | 0 | 20,823 | - | 33,856 | - |
Proceeds from sale of product line | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,420 |
Cash used for investing activities, capital additions | ||||||||||
-10,847 | -7,468 | -10,410 | -8,466 | -11,180 | -29,264 | -18,109 | -36,391 | -10,217 | -42,678 | -38,151 |
Cash used for financing activities: | ||||||||||
Cash dividends | ||||||||||
14,370 | 13,317 | 12,268 | 11,218 | 10,599 | -9,715 | -8,662 | -8,188 | -7,430 | -7,024 | -6,767 |
Special cash dividend | ||||||||||
- | 52,234 | - | - | - | - | - | - | - | - | - |
Proceeds from bank borrowings | ||||||||||
- | - | - | - | 0 | 18,000 | 6,000 | 17,000 | - | 35,000 | 24,806 |
Payments to banks for borrowings | ||||||||||
- | - | - | - | 13,912 | 15,000 | 19,000 | 5,000 | 15,000 | 25,000 | 9,806 |
Treasury share repurchases | ||||||||||
2,610 | - | - | - | 4,579 | 0 | 0 | - | - | 638 | - |
Purchase of noncontrolling interest | ||||||||||
- | - | - | - | - | - | - | - | - | -607 | - |
Other | ||||||||||
-383 | - | - | - | - | - | - | - | - | -1,369 | -1,275 |
Net cash used for financing activities | ||||||||||
-17,363 | -65,551 | -12,268 | -11,218 | -29,090 | -6,715 | -21,662 | 3,812 | -22,430 | 1,731 | 8,233 |
Effect of exchange rate changes on cash | ||||||||||
133 | -1,413 | 1,489 | 130 | -1,180 | 344 | 389 | -77 | -572 | 130 | 800 |
Net increase in cash and cash equivalents | ||||||||||
34,097 | -33,222 | 22,076 | 33,880 | -767 | -6,632 | 11,004 | -23 | -12,087 | -12,174 | 20,610 |