| 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 (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
139,082 | 164,565 | 119,519 | 104,488 | 80,866 | 98,100 | 88,784 | 75,332 | 87,024 | 78,663 | 9,411 |
Depreciation | ||||||||||
52,500 | 51,000 | 38,300 | 33,800 | 29,701 | 29,374 | 25,201 | 25,344 | 25,641 | 26,980 | 31,596 |
Amortization of Intangible Assets | ||||||||||
40,000 | 52,200 | 24,700 | 19,337 | 11,898 | 12,501 | 9,279 | 6,089 | 6,611 | 5,025 | 5,026 |
Impairment of goodwill and intangible assets | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Provision for bad debts | ||||||||||
- | - | - | - | 164 | 130 | 289 | 242 | 444 | 353 | 319 |
Deferred revenue | ||||||||||
-318 | 3,965 | 0 | 0 | - | - | - | - | - | - | - |
Impairment charges | ||||||||||
322 | 2,218 | 0 | 14,809 | - | 293 | 0 | 549 | 2,320 | 2,988 | 829 |
Non-cash inventory charges | ||||||||||
0 | 36,927 | 1,607 | 7,834 | 0 | 2,769 | 1,525 | 567 | 4,145 | - | - |
Net loss on pension settlement, net of tax | ||||||||||
- | - | - | - | -19,308 | 0 | 0 | -5,348 | - | - | - |
Loss on sale of product line | ||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - |
Impairment And Equity In Net Loss Of Unconsolidated Affiliate | ||||||||||
- | - | - | - | - | - | 10,678 | 7,334 | - | - | - |
Loss on sale of property, plant, and equipment | ||||||||||
- | - | - | - | -1,253 | -1,042 | -92 | 1,443 | -183 | 615 | 703 |
Stock-based compensation | ||||||||||
19,046 | 27,431 | 16,315 | 11,987 | 10,266 | 9,069 | 8,609 | 7,348 | 5,805 | 5,243 | 5,503 |
Loss (gain) on investments and other assets | ||||||||||
-4,854 | 670 | 0 | 3,421 | 1,891 | 2,843 | 4,054 | 2,728 | 4,220 | 1,617 | -15 |
Deferred income taxes | ||||||||||
-1,147 | -4,679 | 17,063 | -5,269 | 11,479 | 4,488 | -6,640 | 2,661 | 1,363 | -7,784 | -2,905 |
Other | ||||||||||
-6,638 | -620 | -6,048 | 3,973 | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Trade receivables | ||||||||||
-28,497 | 3,539 | 11,087 | 22,779 | 3,397 | 13,062 | 16,683 | 1,587 | -4,768 | 12,804 | -15,569 |
Inventories | ||||||||||
-22,094 | 33,971 | 20,180 | -8,539 | 3,577 | 2,258 | 5,486 | -5,439 | -2,612 | 15,147 | 15,549 |
Accounts payable | ||||||||||
-22,574 | 13,708 | 6,494 | 19,190 | 2,573 | 17,281 | 2,000 | 5,353 | -5,272 | -1,800 | 4,360 |
Accrued liabilities and income taxes | ||||||||||
-54,242 | 29,329 | 50,626 | -9,644 | 6,482 | -1,577 | -8,906 | -9,570 | -421 | -13,645 | -12,294 |
Accrued payroll and severance | ||||||||||
- | - | - | - | 5,883 | 2,360 | 8,032 | -4,387 | -3,226 | 2,384 | -9,018 |
Accrued income taxes | ||||||||||
- | - | - | - | 557 | 769 | -10,773 | -357 | -6,057 | 14,878 | -3,322 |
Prepaid expenses and other assets | ||||||||||
-10,573 | 7,269 | -19,754 | 2,711 | 5,739 | -3,681 | -2,140 | 42 | -1,756 | -5,399 | -562 |
Net cash provided by operating activities | ||||||||||
245,328 | 331,828 | 269,170 | 180,133 | 165,826 | 153,141 | 117,367 | 116,170 | 120,750 | 104,069 | 29,611 |
INVESTING ACTIVITIES | ||||||||||
Acquisitions of businesses, net of cash acquired | ||||||||||
775 | 318,474 | 38,512 | 471,118 | 4,558 | 56,368 | 144,382 | 34,016 | 11,077 | 48,292 | 920 |
Purchases of short-term investments | ||||||||||
- | - | - | - | - | 4,331 | 8,478 | 4,616 | 14,228 | - | - |
Purchase of cost method investment | ||||||||||
- | - | - | - | 3,500 | 0 | 0 | 10,000 | 6,000 | - | - |
Proceeds from sales and maturities of short-term investments | ||||||||||
0 | 1,407 | 3,739 | 345 | 0 | 6,770 | 2,044 | 17,805 | - | - | - |
Decrease in entrusted loan | ||||||||||
0 | 0 | -3,599 | -5,510 | -7,811 | 17,908 | 0 | - | - | - | - |
Loan to unconsolidated affiliate | ||||||||||
- | - | - | - | - | - | - | 2,000 | - | - | - |
Purchases of property, plant, and equipment | ||||||||||
61,895 | 74,753 | 65,925 | 46,228 | 44,019 | 32,281 | 34,953 | 22,529 | 17,555 | 22,433 | 15,536 |
Proceeds from sale of investment | ||||||||||
- | - | - | - | - | - | - | - | - | - | 133 |
Net proceeds from sale of property, plant and equipment | ||||||||||
6,213 | 9,572 | 962 | 248 | 102 | 125 | 176 | 3,664 | 217 | 4,997 | 1,558 |
Net cash used in investing activities | ||||||||||
-56,457 | -382,248 | -96,137 | -511,243 | -44,164 | -103,993 | -185,593 | -51,692 | -48,643 | -65,728 | -14,765 |
FINANCING ACTIVITIES | ||||||||||
Proceeds of revolving credit facility | ||||||||||
0 | 60,000 | 15,000 | 367,000 | 49,000 | 97,500 | - | - | - | - | - |
Proceeds of term loan | ||||||||||
0 | 75,000 | 9,375 | 125,000 | 0 | 0 | - | - | - | - | - |
Proceeds from senior notes payable | ||||||||||
0 | 175,000 | 125,000 | 226,428 | 0 | 0 | - | - | - | - | - |
Payments of term loan | ||||||||||
10,000 | 42,500 | 7,188 | 89,688 | 8,750 | 5,000 | 1,250 | - | 49,000 | 8,000 | 19,000 |
Payments of revolving credit facility | ||||||||||
0 | 60,000 | 127,500 | 331,500 | 55,500 | 135,000 | 123,500 | 25,032 | 50,000 | 20,624 | 31,076 |
Net proceeds (payments) related to stock-based award activities | ||||||||||
7,800 | 18,857 | -2,373 | 20,494 | 9,150 | 14,061 | 21,959 | 16,367 | 23,036 | 18,496 | 1,505 |
Payments of entrusted loan | ||||||||||
0 | 0 | 3,599 | 5,510 | - | - | - | - | - | - | - |
Payments of term loan | ||||||||||
- | - | - | - | - | - | 260,500 | 23,251 | 110,000 | 39,345 | 32,374 |
Purchases of common stock | ||||||||||
- | - | - | - | -7,811 | 17,908 | 0 | - | - | - | - |
Debt issuance costs | ||||||||||
- | - | - | - | 42 | 107 | 809 | - | 716 | - | - |
Cash dividends paid | ||||||||||
44,689 | 39,993 | 31,770 | 27,866 | 24,341 | 21,175 | 18,722 | 16,564 | 14,508 | 3,248 | - |
Excess tax benefit on share-based compensation | ||||||||||
- | - | - | - | 1,891 | 2,843 | 4,054 | 2,728 | 4,220 | 1,617 | 15 |
Purchases of common stock | ||||||||||
99,387 | 63,564 | 0 | 0 | 31,252 | 14,283 | 0 | - | 37,092 | 25,377 | - |
Other | ||||||||||
0 | -903 | -1,626 | -162 | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
-146,276 | 121,897 | -24,681 | 284,196 | -67,655 | -43,253 | 142,232 | 750 | -14,060 | 2,209 | -16,182 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-1,189 | -11,420 | 6,200 | -6,748 | -22,792 | -13,516 | -4,218 | 6,160 | -3,751 | -1,184 | 753 |
Increase (decrease) in cash and cash equivalents | ||||||||||
41,406 | 60,057 | 154,552 | -53,662 | 31,215 | -7,621 | 69,788 | 71,388 | 54,296 | 39,366 | -583 |
Supplementary Cash Flow Information | ||||||||||
Cash paid during the period for interest | ||||||||||
21,240 | 18,462 | 10,569 | - | - | - | - | - | - | - | - |
Cash paid during the period for income taxes, net of refunds | ||||||||||
40,518 | 41,904 | 18,088 | - | - | - | - | - | - | - | - |
Capital expenditures, not yet paid | ||||||||||
11,110 | 0 | 0 | - | - | - | - | - | - | - | - |