| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||
Net income | |||||||||||
46,800 | 90,000 | 29,500 | 24,700 | -204,500 | 83,072 | 87,362 | 72,324 | 44,244 | 20,505 | 61,156 | 79,106 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||||
0 | 34,400 | 1,800 | 11,200 | - | - | - | - | - | - | - | - |
Net income from continuing operations | |||||||||||
46,800 | 55,600 | 27,700 | 13,500 | - | - | - | - | - | - | - | - |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
78,800 | 50,800 | 37,600 | 33,100 | 45,400 | 43,176 | 40,389 | 32,196 | 27,915 | 23,577 | 21,412 | 21,313 |
Asset impairments | |||||||||||
- | - | - | 1,200 | 255,100 | 0 | 0 | 3,070 | 0 | 0 | 1,230 | 739 |
Foreign currency (losses) gains | |||||||||||
- | - | - | - | - | - | - | - | - | - | 687 | -3,948 |
Loss on disposal of assets | |||||||||||
- | - | - | - | - | - | - | - | -1,541 | -1,773 | 0 | - |
Interest accretion of convertible notes discount | |||||||||||
7,600 | 9,100 | 12,800 | 12,500 | 11,500 | 10,662 | 9,854 | 9,109 | 3,589 | 0 | 0 | - |
Call premium related to redemption of long-term debt | |||||||||||
- | - | - | - | - | - | - | - | 4,964 | 0 | 0 | - |
Employee share-based compensation expense | |||||||||||
9,000 | 4,900 | 10,600 | 10,100 | 11,300 | 9,420 | 9,989 | 7,461 | 5,433 | 4,933 | 3,279 | 3,134 |
Gain (Loss) on Extinguishment of Debt | |||||||||||
0 | 0 | -4,900 | 0 | 0 | - | - | - | - | - | - | - |
Amortization of Debt Issuance Costs | |||||||||||
3,000 | 1,300 | 1,300 | 1,300 | 1,290 | 1,392 | 1,306 | 1,530 | 4,383 | 3,063 | 1,616 | 1,857 |
Reversal of contingent liability on insolvent subsidiary | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -6,514 |
Gain on acquisition of business | |||||||||||
- | - | - | - | - | - | - | - | - | 1,124 | 6,954 | - |
Unrealized foreign currency transaction gain | |||||||||||
-600 | 2,200 | -300 | -500 | -100 | 1,606 | 3,388 | -96 | -180 | -341 | - | - |
Deferred Income Tax Expense (Benefit) | |||||||||||
-16,200 | 5,000 | -31,400 | 15,000 | -24,400 | -248 | -1,607 | -4,518 | -2,491 | -9,345 | -1,751 | -5,486 |
Reversal of contingent consideration liability | |||||||||||
- | - | - | - | - | - | - | -4,620 | 0 | 0 | - | - |
Other non-cash operating activities | |||||||||||
-900 | 2,500 | -2,300 | -1,300 | -800 | 170 | -4,514 | -6,165 | 536 | -3,236 | -1,999 | -35 |
Changes in assets and liabilities, net of acquisitions: | |||||||||||
Accounts receivable | |||||||||||
-23,600 | -25,500 | 32,800 | -35,800 | -7,200 | -43,079 | 69,287 | -3,422 | 34,359 | 1,447 | -15,217 | -2,505 |
Inventories | |||||||||||
-9,400 | 14,100 | 22,000 | -21,700 | -12,000 | 8,150 | 12,679 | 15,777 | 31,628 | 13,717 | -25,221 | 8,296 |
Unbilled contract revenues and other assets | |||||||||||
1,600 | 9,100 | -3,500 | 11,600 | -12,300 | 51,467 | 10,875 | 7,465 | 10,479 | 2,554 | -27,112 | 14,045 |
Accounts payable and other liabilities | |||||||||||
-20,900 | -10,200 | 13,600 | 29,900 | -17,400 | 11,562 | -5,259 | 2,936 | 18,129 | 10,550 | -16,567 | -12,987 |
Deferred income taxes | |||||||||||
- | - | - | - | - | 3,690 | 793 | -663 | -138 | 337 | -641 | 4,768 |
Customer advances and billings in excess of contract revenue | |||||||||||
-7,100 | 4,900 | 15,900 | 5,000 | -9,700 | -18,413 | 10,137 | -18,951 | 50,995 | -198 | -45,998 | 37,341 |
Net Cash Provided By (Used In) Operating Activities | |||||||||||
133,900 | 119,000 | 44,300 | 169,300 | 101,000 | 118,619 | 59,663 | 87,641 | 81,658 | 38,574 | 86,926 | 97,812 |
INVESTING ACTIVITIES | |||||||||||
Capital expenditures | |||||||||||
36,200 | 35,600 | 33,000 | 16,700 | 47,100 | 62,135 | 72,585 | 43,685 | 22,380 | 16,939 | 13,190 | 13,968 |
Acquisition of businesses, net of cash acquired | |||||||||||
603,900 | 225,800 | 446,100 | 1,400 | 24,500 | 11,943 | 2,965 | 182,450 | 37,680 | 47,865 | 18,086 | 18,828 |
Investments | |||||||||||
3,300 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments for China land use rights | |||||||||||
- | - | - | - | 11,000 | 0 | 0 | - | - | - | - | - |
Government grants | |||||||||||
700 | 800 | 400 | 1,100 | 8,700 | 0 | 0 | - | - | - | - | - |
Purchase of short term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 32,264 |
Proceeds from sale of assets | |||||||||||
0 | 0 | 900 | 0 | 400 | 1,593 | 569 | 2,073 | 0 | 989 | 107 | - |
Proceeds from maturities of short term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 32,264 | - |
Other investing activities | |||||||||||
- | - | - | - | - | - | - | 285 | -388 | 400 | 1,897 | 616 |
Net Cash Used In Investing Activities | |||||||||||
-642,700 | -260,600 | -477,800 | -17,000 | -73,500 | -72,485 | -74,981 | -224,347 | -59,672 | -64,215 | -802 | -65,676 |
FINANCING ACTIVITIES | |||||||||||
Borrowings on revolving credit facilities | |||||||||||
235,800 | 411,700 | 302,200 | 3,800 | 68,800 | 88,819 | 214,623 | 73,012 | 4,758 | 0 | - | - |
Repayments on revolving credit facilities | |||||||||||
451,100 | 316,800 | 66,100 | 6,100 | 67,200 | 87,162 | 211,403 | 77,770 | 0 | 0 | - | - |
Repurchase of convertible notes | |||||||||||
0 | 57,100 | 194,900 | 0 | 0 | - | - | - | - | - | - | - |
Retirement of long-term debt, including call premium | |||||||||||
- | - | - | - | - | - | - | - | 168,139 | 0 | 0 | - |
Proceeds from issuance of short-term debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - |
Proceeds from issuance of convertible notes | |||||||||||
0 | 0 | 258,800 | 0 | 0 | - | - | - | 250,000 | 0 | 0 | - |
Proceeds from issuance of warrants | |||||||||||
0 | 0 | 46,000 | 0 | 0 | - | - | - | 48,848 | 0 | 0 | - |
Payments For Call Options Related to Convertible Debt | |||||||||||
0 | 0 | 59,500 | 0 | 0 | - | - | - | 66,486 | 0 | 0 | - |
Borrowings on term loan | |||||||||||
450,000 | 0 | 0 | 13,200 | 0 | 0 | - | 21,375 | 0 | 0 | - | - |
Repayments on term loan | |||||||||||
2,800 | 5,900 | 3,100 | 2,900 | 0 | 0 | - | - | - | - | - | - |
Repayments on term loan | |||||||||||
- | - | - | - | - | 68,437 | 3,750 | 4,438 | 6,500 | 18,250 | 0 | 6,825 |
Payments for debt issuance costs | |||||||||||
13,600 | 1,400 | 8,200 | 0 | 0 | 1,321 | 0 | 1,445 | 7,277 | 2,857 | 0 | - |
Proceeds from Issuance of Common Stock | |||||||||||
295,800 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments of Stock Issuance Costs | |||||||||||
9,500 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payment of contingent consideration | |||||||||||
- | - | - | - | 600 | 741 | 0 | - | - | - | 0 | - |
Proceeds from exercise of stock options | |||||||||||
9,400 | 10,800 | 2,000 | 400 | 500 | 763 | 5,335 | 3,519 | 7,027 | 1,063 | 746 | - |
Excess tax benefit from share-based compensation | |||||||||||
- | - | - | - | 100 | 1,957 | 6,673 | 8,972 | 7,879 | 796 | - | - |
Stock option exercise proceeds | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,329 |
Tax benefit from exercise of stock options | |||||||||||
- | - | - | - | - | - | - | - | - | - | 30 | 1,435 |
Common stock repurchases | |||||||||||
2,000 | 2,700 | 2,000 | 700 | 900 | 3,367 | 2,002 | 4,484 | 1,099 | 54 | - | - |
Dividend distribution to noncontrolling interests | |||||||||||
400 | 400 | 0 | 0 | 100 | 1,206 | 1,369 | 0 | 0 | - | - | - |
Other | |||||||||||
- | - | - | - | -200 | 0 | 0 | -1,300 | -1,300 | 0 | 0 | - |
Net Cash Used In Financing Activities | |||||||||||
511,600 | 38,200 | 275,200 | 7,700 | 400 | -70,695 | 8,107 | 17,441 | 67,711 | -19,302 | 776 | -4,061 |
DISCONTINUED OPERATIONS | |||||||||||
Cash (Used In) Provided By Operating Activities | |||||||||||
0 | -30,200 | 2,700 | 1,500 | - | - | - | - | - | - | - | - |
Cash Provided by (Used In) Investing Activities | |||||||||||
0 | 132,700 | -2,200 | -1,100 | - | - | - | - | - | - | - | - |
Cash Provided By Discontinued Operations | |||||||||||
0 | 102,500 | 500 | 400 | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-1,900 | -11,400 | 7,200 | -2,100 | -7,800 | -9,128 | 3,058 | 3,902 | 2,052 | -1,113 | 2,103 | 1,221 |
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents | |||||||||||
900 | -12,300 | -150,600 | 158,300 | 20,100 | -33,689 | -4,153 | -115,363 | 91,749 | -46,056 | 86,900 | 28,075 |