| 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 | ||||||||||
103,101 | 111,105 | 100,743 | 86,198 | 76,037 | 57,081 | 72,337 | 79,687 | 72,602 | 65,591 | 63,103 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
78,701 | 81,115 | 79,022 | 74,967 | 66,985 | 63,804 | 56,400 | 51,294 | 47,099 | 40,351 | 37,171 |
Deferred compensation | ||||||||||
15,140 | -2,329 | 4,857 | 16,805 | 6,500 | -11,903 | -9,496 | 10,252 | 1,529 | 5,020 | 7,010 |
Realized and unrealized (gains) losses on long-term investments | ||||||||||
3,955 | -2,966 | 4,178 | 152 | 21 | 241 | 2,611 | 1,460 | -156 | 1,367 | 1,929 |
Stock-based compensation | ||||||||||
8,872 | 6,837 | 7,151 | 12,618 | 4,374 | 68 | 2,783 | 3,122 | 3,676 | 3,789 | 4,754 |
Deferred income taxes | ||||||||||
-5,016 | 10,355 | -1,001 | -8,426 | 3,001 | 5,306 | 259 | 134 | 5,056 | 5,365 | 8,190 |
Other non-cash items | ||||||||||
-2,240 | -4,622 | -4,857 | -7,334 | -3,830 | -8,260 | -7,253 | -2,755 | -4,967 | -1,292 | -5,799 |
Changes in assets and liabilities: | ||||||||||
Receivables, net | ||||||||||
-4,894 | -5,196 | 16,358 | 17,180 | -4,160 | 21,229 | 12,749 | -3,906 | 60,842 | 34,449 | -36,397 |
Inventories | ||||||||||
-28,460 | 24,678 | 1,990 | 3,774 | -2,851 | 18,521 | 3,794 | 50,260 | 12,854 | 16,975 | -31,819 |
Other current assets | ||||||||||
680 | -832 | 489 | -1,471 | 3,410 | -1,430 | 5,950 | 2,210 | 2,246 | 576 | 652 |
Accounts payable and accrued liabilities | ||||||||||
-15,084 | -19,023 | 30,476 | 38,261 | 21,219 | -4,376 | 26,256 | 24,055 | 25,901 | 7,409 | -17,461 |
Pension liabilities | ||||||||||
-790 | -5,065 | -1,960 | 607 | 932 | -2,709 | 1,997 | -4,341 | -2,470 | -2,252 | -4,537 |
Environmental and legal liabilities | ||||||||||
2,519 | -478 | -1,142 | 4,561 | -1,398 | 6,493 | -353 | -66 | -772 | -2,481 | 429 |
Deferred revenues | ||||||||||
26 | -324 | -1,125 | -1,128 | -1,345 | -732 | 2,428 | -662 | -1,474 | -1,404 | -645 |
Excess tax benefit from stock options and awards | ||||||||||
- | - | - | - | - | - | 3,438 | 7,237 | 2,951 | 3,187 | 3,007 |
Net Cash (Used In) Provided By Operating Activities | ||||||||||
218,428 | 171,131 | 198,863 | 212,162 | 183,715 | 82,595 | 150,314 | 108,969 | 77,377 | 66,126 | 166,441 |
Cash Flows From Investing Activities | ||||||||||
Expenditures for property, plant and equipment | ||||||||||
105,572 | 86,647 | 78,613 | 103,076 | 119,349 | 101,819 | 92,865 | 83,159 | 83,166 | 73,748 | 42,631 |
Business acquisitions, net of cash acquired (Note 21) | ||||||||||
9,000 | 22,852 | 4,339 | 23,510 | 5,133 | - | 68,212 | - | 13,562 | 9,835 | - |
Proceeds from sale of product line (Note 21) | ||||||||||
- | - | - | - | 3,262 | - | - | - | - | - | - |
Asset acquisition (Note 20) | ||||||||||
- | - | - | - | - | - | - | - | - | 10,400 | - |
Change in restricted cash | ||||||||||
- | - | - | - | - | - | - | - | - | - | -8,477 |
Sale of mutual funds | ||||||||||
- | - | - | - | - | - | 698 | 537 | 1,615 | 780 | 3,594 |
Other, net | ||||||||||
-1,905 | -1,684 | -269 | 3,935 | 4,750 | 7,402 | 7,179 | 4,827 | 6,274 | 4,051 | 4,182 |
Term loan | ||||||||||
- | - | - | - | - | - | - | - | 65,000 | 40,000 | - |
Net Cash Used In Investing Activities | ||||||||||
-112,667 | -107,815 | -82,683 | -130,521 | -125,970 | -109,221 | -167,558 | -87,449 | -101,387 | -97,254 | -34,742 |
Cash Flows From Financing Activities | ||||||||||
Revolving debt and bank overdrafts, net | ||||||||||
-7,495 | 6,045 | -6,008 | 1,292 | -26,217 | 14,219 | 4,820 | 770 | 223 | 16,849 | -24,082 |
Build-to-suit obligation buyout | ||||||||||
- | - | - | - | - | - | - | - | -12,206 | - | - |
Other debt borrowings | ||||||||||
- | - | - | - | 100,000 | 4,923 | 100,000 | - | 6,573 | 6,449 | 1,777 |
Other debt repayments | ||||||||||
46,429 | 20,714 | 20,714 | 15,069 | 13,098 | 12,656 | 17,618 | 18,460 | 52,454 | 10,427 | 16,690 |
Dividends paid | ||||||||||
23,097 | 20,857 | 18,907 | 17,329 | 16,300 | 15,387 | 14,474 | 12,757 | 11,513 | 10,570 | 9,557 |
Company stock repurchased | ||||||||||
13,184 | 15,500 | 6,000 | 2,408 | 2,000 | 7,924 | 2,275 | 2,098 | 1,508 | 4,906 | 1,927 |
Stock option exercises | ||||||||||
3,037 | 4,163 | 3,370 | 4,017 | 777 | 1,754 | 3,977 | 4,473 | 3,228 | 4,335 | 6,908 |
Excess tax benefit from stock options and awards | ||||||||||
- | - | - | - | - | - | 3,438 | 7,237 | 2,951 | 3,187 | 3,007 |
Other, net | ||||||||||
-3,326 | -4,785 | -2,238 | -275 | -673 | -421 | -1,615 | -8,640 | -2,398 | -2,544 | -1,396 |
Net Cash Used In Financing Activities | ||||||||||
-90,494 | -51,648 | -50,497 | -29,772 | 42,489 | -15,492 | 76,253 | -29,475 | -2,104 | 42,373 | -41,960 |
Effect of Exchange Rate Changes on Cash | ||||||||||
-78 | -10,368 | 7,468 | -2,269 | -9,306 | -6,014 | -2,537 | 731 | -985 | 1,435 | 521 |
Net Decrease in Cash and Cash Equivalents | ||||||||||
15,189 | 1,300 | 73,151 | 49,600 | 90,928 | -48,132 | 56,472 | -7,224 | -27,099 | 12,680 | 90,260 |
Supplemental Cash Flow Information | ||||||||||
Cash payments of income taxes, net of refunds/payments | ||||||||||
29,331 | 32,973 | 25,661 | 30,581 | 21,784 | 23,142 | 22,691 | 29,698 | 24,327 | 25,091 | 28,809 |
Cash payments of interest | ||||||||||
12,250 | 12,829 | 13,889 | 14,730 | 11,943 | 12,447 | 11,281 | 10,491 | 8,647 | 6,630 | 6,887 |