| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows provided by operating activities | |||||||||
Net income | |||||||||
36,071 | 22,445 | 47,971 | 26,346 | 64,461 | 49,506 | 74,190 | 86,522 | 45,155 | 63,144 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
44,931 | 40,404 | 37,479 | 38,535 | 35,461 | 35,461 | 42,334 | 43,676 | 49,471 | 51,186 |
Amortization of deferred financing charges | |||||||||
430 | 429 | 680 | 615 | 526 | 559 | 884 | 608 | 7,150 | 3,130 |
Deferred income tax provision | |||||||||
9,628 | 10,411 | 9,534 | -36,637 | 2,846 | 1,484 | 167 | 5,379 | -6,680 | 1,867 |
Gain on sale of building | |||||||||
0 | 153 | 0 | 0 | - | - | - | - | - | - |
Deferred profit sharing | |||||||||
- | - | - | - | - | - | - | -286 | -2,064 | -756 |
Share-based compensation | |||||||||
5,187 | 3,823 | 2,822 | 6,618 | 3,280 | 2,174 | 1,912 | 6,250 | 5,090 | 3,367 |
Changes in assets and liabilities: | |||||||||
Contract termination fee received | |||||||||
-21,250 | 0 | 0 | - | - | - | - | - | - | - |
Gain on retirement of bonds | |||||||||
- | - | - | - | - | - | - | - | - | 3,500 |
Decrease in restricted cash | |||||||||
- | - | - | - | - | - | - | - | -1,749 | 1,749 |
Accounts receivable | |||||||||
1,744 | 11,020 | -2,058 | -10,784 | 2,087 | -5,913 | -13,018 | 28,154 | 18,346 | -23,196 |
Inventories | |||||||||
34,518 | -5,749 | -44,012 | -12,071 | 3,054 | 18,348 | -12,212 | 45,021 | 9,546 | -31,674 |
Other current assets | |||||||||
-833 | -1,426 | 634 | -23,264 | -11,761 | -26,806 | 21,551 | -3,238 | 34,270 | 6,433 |
Accounts payable | |||||||||
9,471 | -3,497 | 14,703 | -16,436 | 14,195 | 2,248 | 1,928 | -5,939 | 16,716 | -4,980 |
Other current liabilities | |||||||||
-3,411 | -5,751 | -18,926 | 27,932 | 213 | -11,624 | -20,984 | -14,685 | 24,522 | 15,172 |
Other long-term assets and liabilities, net | |||||||||
14,516 | -9,723 | 590 | -5,834 | 821 | 2,502 | 3,575 | 5,242 | 2,989 | 1,218 |
Net cash provided by operating activities | |||||||||
73,612 | 73,989 | 139,109 | 98,926 | 126,781 | 91,677 | 100,535 | 46,346 | 75,958 | 174,100 |
Cash flows used for investing activities: | |||||||||
Capital expenditures | |||||||||
56,745 | 34,859 | 36,599 | 31,699 | 27,955 | 33,415 | 33,060 | 34,195 | 31,192 | 19,609 |
Proceeds from sale leaseback | |||||||||
22,775 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sale of building | |||||||||
0 | 1,028 | 0 | 0 | - | - | - | - | - | - |
Payments to Acquire Intangible Assets | |||||||||
- | - | - | - | 1,443 | 0 | 0 | - | - | - |
Acquisition of businesses, net of cash acquired | |||||||||
0 | 150,999 | 0 | 0 | - | 4,425 | 71,706 | 20,533 | 0 | 0 |
Net cash used for investing activities | |||||||||
-33,970 | -184,830 | -36,599 | -31,699 | -29,398 | -37,840 | -104,766 | -54,728 | -31,192 | -19,609 |
Cash flows provided by financing activities: | |||||||||
Proceeds from exercise of stock options | |||||||||
0 | 205 | 17 | 246 | 160 | 1,650 | 528 | 484 | 236 | 633 |
Long-term debt borrowings | |||||||||
86,000 | 204,000 | 41,000 | 159,000 | 9,000 | 63,007 | 333,000 | 22,000 | 170,000 | 0 |
Long-term debt repayments | |||||||||
96,000 | 79,000 | 69,002 | 82,003 | 36,004 | 76,000 | 309,000 | 19,000 | 267,000 | 133,000 |
Deferred financing costs | |||||||||
0 | 0 | 1,495 | 277 | 191 | 0 | 1,461 | 0 | 2,828 | 1,050 |
Excess tax benefits from exercise of stock options | |||||||||
0 | 0 | -9 | 975 | 1,071 | 2,849 | 3,931 | 2,511 | 640 | 495 |
Common stock repurchases | |||||||||
- | - | - | 125,000 | 29,684 | 7,188 | 7,254 | 6,156 | 0 | 0 |
Restricted stock forfeitures | |||||||||
616 | 1,195 | 366 | 401 | - | - | - | - | - | - |
Dividends paid | |||||||||
37,611 | 37,468 | 37,217 | 38,558 | 38,394 | 31,837 | 24,810 | 19,921 | 14,559 | 14,446 |
Net cash provided by financing activities | |||||||||
-48,227 | 86,542 | -67,072 | -86,018 | -94,042 | -47,519 | -5,066 | -20,082 | -113,511 | -147,368 |
Effect of foreign exchange rate changes on cash and cash equivalents | |||||||||
0 | -406 | 144 | 489 | 111 | -378 | 870 | - | - | - |
Net change in cash | |||||||||
-8,585 | -24,705 | 35,582 | -18,302 | 3,452 | 5,940 | -8,427 | -28,464 | -68,745 | 7,123 |
Non-cash investing and financing activities: | |||||||||
Accrued additions to plant assets | |||||||||
9,400 | 9,570 | 2,942 | - | - | - | - | - | - | - |
Assets received as part of the supply agreement termination | |||||||||
3,610 | 0 | 0 | - | - | - | - | - | - | - |