| 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 | ||||||||||
60,291 | 53,848 | 45,049 | 75,574 | 20,567 | -60,591 | 16,508 | 3,748 | 45,537 | 11,346 | -32,576 |
Adjustments to reconcile net income to net cash provided by (used for) operating activities: | ||||||||||
Depreciation | ||||||||||
24,904 | 22,786 | 21,490 | 19,998 | 18,964 | 24,372 | 28,989 | 28,519 | 18,847 | 19,070 | 19,875 |
Amortization, including accretion and write-off of deferred financing costs | ||||||||||
6,579 | 6,731 | 6,764 | 3,615 | 3,833 | 5,709 | 6,236 | 6,802 | 1,113 | 1,129 | 1,053 |
Deferred income taxes | ||||||||||
5,586 | 2,552 | -5,959 | -38,747 | -2,165 | -3,238 | -3,081 | -2,733 | 23,938 | -469 | -3,200 |
Earnings of equity method investee | ||||||||||
1,578 | 2,038 | 1,636 | 1,233 | 608 | 815 | 476 | 760 | 10,034 | 4,889 | 474 |
Loss (gain) on sale of fixed assets | ||||||||||
98 | -333 | 1,796 | -48 | -74 | -110 | -189 | 268 | 88 | 42 | -219 |
Share-based compensation expense | ||||||||||
6,191 | 5,632 | 7,265 | 6,134 | 7,224 | 5,406 | 4,974 | 4,890 | 4,423 | 2,661 | 1,252 |
Intangible impairment charge | ||||||||||
0 | 202 | 0 | - | - | - | - | - | - | - | - |
Asset impairments | ||||||||||
- | - | - | - | - | - | - | - | 807 | 0 | - |
Impairment of Goodwill | ||||||||||
- | - | - | 0 | - | 51,458 | - | - | 4,945 | 0 | - |
Loss on disposal of business | ||||||||||
- | - | - | - | - | -8,576 | - | - | - | - | - |
Change in fair value of earn-out contingent consideration | ||||||||||
2,308 | 213 | 7,485 | - | - | - | - | - | - | - | - |
Gain on disposal of Non-core Products, net | ||||||||||
33,599 | - | - | - | - | - | - | - | - | - | - |
Excess tax deficiency (benefit) related to share-based compensation expense | ||||||||||
1,289 | 1,584 | 858 | 977 | - | - | - | - | - | 395 | - |
Loss on disposal of Wiring business | ||||||||||
- | - | - | - | 210 | - | - | - | - | - | - |
Loss on early extinguishment of debt | ||||||||||
- | - | - | - | - | -10,607 | - | - | - | -1,346 | - |
Gain on previously held equity interest | ||||||||||
- | - | - | - | - | - | - | - | 65,372 | 0 | - |
Changes in operating assets and liabilities, net of effect of business combination: | ||||||||||
Accounts receivable, net | ||||||||||
1,353 | 3,575 | 15,156 | 18,694 | 489 | 19,400 | -4,122 | -19,466 | 11,658 | 21,012 | -16,619 |
Inventories, net | ||||||||||
15,653 | 10,002 | 2,132 | -4,519 | 4,340 | -3,161 | 23,646 | -20,995 | 9,895 | 12,307 | -17,508 |
Prepaid expenses and other assets | ||||||||||
8,898 | -2,291 | 10,177 | -2,652 | 295 | 1,306 | 2,585 | -1,772 | 4,783 | 1,624 | 3,133 |
Accounts payable | ||||||||||
-6,980 | 11,054 | 10,492 | 10,980 | 6,577 | 524 | 9,485 | -7,282 | -23,879 | 16,705 | -2,111 |
Accrued expenses and other liabilities | ||||||||||
-11,906 | -7,671 | 18,077 | 1,408 | 5,253 | -4,758 | 2,969 | 396 | 27,020 | 2,332 | -1,208 |
Net cash used for operating activities | ||||||||||
24,505 | 80,772 | 78,908 | 65,277 | 54,805 | 19,815 | 43,684 | 75,545 | 921 | 13,851 | 13,824 |
INVESTING ACTIVITIES: | ||||||||||
Capital expenditures, including intangibles | ||||||||||
39,467 | 29,027 | 32,170 | 24,476 | 28,735 | 24,754 | 25,344 | 26,352 | 26,290 | 18,574 | 11,998 |
Proceeds from sale of fixed assets | ||||||||||
382 | 111 | 77 | 652 | 64 | 110 | 107 | 521 | 3,863 | 56 | 201 |
Insurance proceeds for fixed assets | ||||||||||
- | 1,403 | 711 | - | - | - | - | - | - | - | - |
Proceeds from disposal of Non-core Products | ||||||||||
34,386 | - | - | - | - | - | - | - | - | - | - |
Payments related to sale of business | ||||||||||
- | - | - | - | 1,230 | - | - | - | - | - | - |
Proceeds from sale of business | ||||||||||
- | - | - | - | - | 71,386 | - | - | - | - | - |
Capital contribution from noncontrolling interest | ||||||||||
- | - | - | - | - | - | - | - | 397 | 0 | - |
Business acquisitions, net of cash acquired | ||||||||||
- | - | 77,258 | - | 469 | 1,022 | - | 19,779 | 7,753 | 0 | 5,967 |
Investment in venture capital fund | ||||||||||
1,600 | 437 | - | - | - | - | - | - | - | - | - |
Net cash used for investing activities | ||||||||||
-6,299 | -27,950 | -108,640 | -23,824 | -30,370 | 45,720 | -25,237 | -45,610 | -29,783 | -18,518 | -17,764 |
FINANCING ACTIVITIES: | ||||||||||
Acquisition of noncontrolling interest, including transaction costs | ||||||||||
- | - | 1,848 | - | - | - | - | - | - | - | - |
Revolving credit facility borrowings | ||||||||||
112,000 | 27,500 | 95,000 | - | - | 100,000 | - | 21,579 | 38,993 | 8,389 | 1,274 |
Revolving credit facility payments | ||||||||||
82,000 | 52,500 | 41,000 | 33,000 | - | - | 1,160 | 59,600 | 554 | 8,335 | 883 |
Extinguishment of senior notes | ||||||||||
- | - | - | - | - | -175,000 | - | - | - | 183,000 | - |
Premium related to early extinguishment of senior notes | ||||||||||
- | - | - | - | - | 8,006 | - | - | - | 324 | - |
Proceeds from issuance of senior secured notes | ||||||||||
- | - | - | - | - | - | - | - | - | 170,625 | - |
Proceeds from issuance of debt | ||||||||||
2,208 | 415 | 2,748 | 16,223 | 22,540 | 30,072 | 25,555 | 22,146 | 1,408 | 690 | - |
Repayments of debt | ||||||||||
1,587 | 5,071 | 11,573 | 25,748 | 30,586 | 25,610 | 24,382 | 48,327 | 968 | 278 | 55 |
Earn-out consideration cash payment | ||||||||||
3,394 | - | - | - | - | - | - | - | - | - | - |
Noncontrolling interest shareholder distribution | ||||||||||
- | - | - | - | - | -1,083 | - | - | - | - | - |
Other financing costs | ||||||||||
-1,366 | - | -61 | -399 | -49 | -1,666 | - | - | -605 | -1,365 | - |
Common Share repurchase program | ||||||||||
50,000 | - | - | - | - | - | - | - | - | - | - |
Repurchase of Common Shares to satisfy employee tax withholding | ||||||||||
4,119 | 4,214 | 2,481 | 1,424 | 2,924 | 765 | 516 | 1,273 | 752 | 826 | - |
Tax benefits related to share-based compensation expense | ||||||||||
- | - | - | 977 | - | - | - | - | - | 395 | - |
Net cash provided by (used for) financing activities | ||||||||||
-28,258 | -33,870 | 40,785 | -43,371 | -11,019 | -82,058 | -503 | -65,475 | 37,522 | -14,029 | 336 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-1,637 | -3,863 | 4,561 | -2,054 | -2,076 | -3,281 | 326 | 1,364 | -1,903 | -1,237 | 2,819 |
Net change in cash and cash equivalents | ||||||||||
-11,689 | 15,089 | 15,614 | -3,972 | 11,340 | -19,804 | 18,270 | -34,176 | 6,757 | -19,933 | -785 |
Supplemental disclosure of cash flow information: | ||||||||||
Cash paid for interest | ||||||||||
4,401 | 4,997 | 5,746 | 5,786 | 6,092 | 20,464 | 18,634 | 20,317 | 17,494 | 20,755 | 21,969 |
Cash paid for income taxes, net | ||||||||||
12,222 | 13,213 | 7,093 | 3,386 | 2,494 | 3,054 | 6,426 | 4,345 | 1,365 | 1,213 | 2,319 |
Supplemental disclosure of non-cash operating and financing activities: | ||||||||||
Change in fair value of interest rate swap | ||||||||||
- | - | - | - | - | -793 | -1,419 | 1,134 | 4,095 | -3,017 | - |
Bank payment of vendor payables under short-term debt obligations | ||||||||||
- | - | - | 3,764 | 5,323 | 4,758 | - | - | - | - | - |
Issuance of Common Shares for acquisition of additional PST interest | ||||||||||
- | - | - | - | - | - | - | 10,197 | 5,113 | 0 | - |