|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$2.1m
|
$10.3m
|
$5.6m
|
($958k)
|
$491k
|
$10.9m
|
$592k
|
$6.8m
|
$34.6m
|
($10.1m)
|
|
Depreciation, Depletion and Amortization
|
|
$16.9m
|
$19.4m
|
$17.8m
|
$18.6m
|
$17.7m
|
$17.1m
|
$15.4m
|
$17.0m
|
$19.3m
|
$19.5m
|
|
Amortization
|
|
$295k
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Amortization of Debt Issuance Costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$1.6m
|
$1.6m
|
|
Amortization of Intangible Assets
|
|
—
|
$2.5m
|
$1.3m
|
$2.2m
|
$1.5m
|
$1.5m
|
$504k
|
$290k
|
$287k
|
—
|
|
Depreciation
|
|
$16.6m
|
$16.7m
|
$16.3m
|
$16.6m
|
$16.2m
|
$16k
|
$14.9m
|
$16.7m
|
$17.5m
|
$17.7m
|
|
Depreciation, Amortization and Accretion, Net
|
|
—
|
$18.6m
|
$17.8m
|
$18.6m
|
$17.7m
|
$17.1m
|
$15.4m
|
$17.0m
|
$19.3m
|
$19.5m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$911k
|
($2.0m)
|
$3.1m
|
($3.4m)
|
($2.2m)
|
$1.3m
|
($1.6m)
|
($3.6m)
|
($9.1m)
|
($6.3m)
|
|
Deferred Other Tax Expense (Benefit)
|
|
—
|
—
|
—
|
$471k
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$3.0m
|
$2.9m
|
$2.6m
|
$2.5m
|
$2.3m
|
$2.1m
|
$2.0m
|
$2.0m
|
$2.1m
|
$2.9m
|
|
Payment, Tax Withholding, Share-based Payment Arrangement
|
|
—
|
$261k
|
$311k
|
$246k
|
$199k
|
$125k
|
$200k
|
$140k
|
$303k
|
$606k
|
|
Share-based Payment Arrangement, Expense
|
|
$3.0m
|
$2.9m
|
$2.6m
|
$2.5m
|
$2.3m
|
$2.1m
|
$2.0m
|
$2.0m
|
$2.1m
|
$2.9m
|
|
Equity Method Investment, Other than Temporary Impairment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$4.5m
|
$6.4m
|
$0
|
|
Goodwill, Impairment Loss
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$4.6m
|
$0
|
$0
|
|
Impairment of Intangible Assets, Finite-lived
|
|
—
|
$830k
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Equity Method Investment, Realized Gain (Loss) on Disposal
|
|
$119k
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
$71k
|
($36k)
|
$1.3m
|
$441k
|
$35k
|
$572k
|
$743k
|
$691k
|
($44k)
|
$156k
|
|
Income (Loss) from Equity Method Investments
|
|
—
|
($136k)
|
($481k)
|
($844k)
|
($741k)
|
($2.4m)
|
($3.0m)
|
($3.3m)
|
($3.8m)
|
($3.1m)
|
|
Income Tax Expense (Benefit)
|
|
$1.1m
|
$5.2m
|
$6.9m
|
($4.0m)
|
($500k)
|
$3.1m
|
$516k
|
$6.5m
|
$19.4m
|
$4.3m
|
|
Other Nonoperating Income (Expense)
|
|
($128k)
|
($354k)
|
($537k)
|
($1.1m)
|
($541k)
|
($3.0m)
|
($3.1m)
|
($7.2m)
|
($13.1m)
|
($17.8m)
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
($3.8m)
|
$2.7m
|
($2.3m)
|
($10.9m)
|
$7.5m
|
($4.9m)
|
$33.9m
|
$10.4m
|
$7.7m
|
($25.2m)
|
|
Increase (Decrease) in Inventories
|
|
$5.1m
|
($3.6m)
|
$8.5m
|
$4.1m
|
$8.3m
|
($13.9m)
|
$61.2m
|
$15.1m
|
($10.9m)
|
($32.5m)
|
|
Increase (Decrease) in Accounts Payable
|
|
($9.9m)
|
$5.5m
|
($2.6m)
|
($2.7m)
|
$2.4m
|
($7.1m)
|
$33.0m
|
($5.3m)
|
($7.1m)
|
($14.1m)
|
|
Foreign Currency Transaction Gain (Loss), before Tax
|
|
($326k)
|
($331k)
|
$29k
|
($262k)
|
$207k
|
($675k)
|
($227k)
|
$479k
|
$284k
|
$658k
|
|
General and Administrative Expense
|
|
$32.8m
|
$34.2m
|
$34.9m
|
$34.8m
|
$35.2m
|
$28.0m
|
$32.6m
|
$38.7m
|
$42.6m
|
$63.5m
|
|
Goodwill
|
|
$8.1m
|
$7.8m
|
$8.3m
|
$7.9m
|
$7.7m
|
$8.4m
|
$7.9m
|
$3.2m
|
$3.2m
|
$3.2m
|
|
Operating Expenses
|
|
$118.5m
|
$125.0m
|
$133.2m
|
$135.0m
|
$138.9m
|
$103.5m
|
$112.7m
|
$130.0m
|
$135.3m
|
$162.4m
|
|
Proceeds from Stock Options Exercised
|
|
$610k
|
$343k
|
$519k
|
$1.3m
|
$0
|
$0
|
$8k
|
$21k
|
$1.3m
|
$5.2m
|
|
Financing Receivable, Credit Loss, Expense (Reversal)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$15.5m
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$13.3m
|
$39.4m
|
$30.4m
|
$29.5m
|
$10.8m
|
$66.2m
|
($27.0m)
|
$15.0m
|
$63.2m
|
$97.7m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$17.1m
|
$8.5m
|
$18.1m
|
$17.3m
|
$18.1m
|
$7.9m
|
$20.4m
|
$25.4m
|
$17.0m
|
$19.5m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
$7.9m
|
$1.6m
|
$0
|
$2.2m
|
$0
|
$0
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($23.8m)
|
($18.2m)
|
($19.6m)
|
($11.8m)
|
($4.3m)
|
($10.2m)
|
($31.4m)
|
($25.4m)
|
($21.3m)
|
($23.8m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.2m
|
$0
|
$0
|
|
Repayments of Long-term Debt
|
|
$467k
|
$921k
|
$1.0m
|
$450k
|
$2.1m
|
$460k
|
$200k
|
$305k
|
$410k
|
$414k
|
|
Payments for Repurchase of Common Stock
|
|
—
|
$1.8m
|
$0
|
$0
|
$5.6m
|
$0
|
$3.2m
|
$0
|
$0
|
$29.5m
|
|
Payments of Ordinary Dividends, Common Stock
|
|
$17.6m
|
$13.7m
|
$12.4m
|
$12.6m
|
$9.0m
|
$0
|
$0
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($17.4m)
|
($16.3m)
|
($13.3m)
|
($11.9m)
|
($2.0m)
|
($15.6m)
|
($3.6m)
|
$17.6m
|
$15.1m
|
($27.4m)
|
|
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
($591k)
|
($620k)
|
$215k
|
$111k
|
($416k)
|
($399k)
|
($522k)
|
($69k)
|
($653k)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
—
|
($591k)
|
($3.1m)
|
$6.0m
|
$4.7m
|
$40.0m
|
($62.4m)
|
$6.7m
|
$57.0m
|
$45.8m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
$4.3m
|
$29.8m
|
$35.7m
|
$40.4m
|
$80.4m
|
$18.0m
|
$24.7m
|
$81.7m
|
$127.5m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
—
|
—
|
—
|
$46k
|
$264k
|
$16k
|
$1.1m
|
$2.9m
|
$3.1m
|
|
Income Taxes Paid, Net
|
|
($824k)
|
$3.2m
|
$8.9m
|
($1.9m)
|
$977k
|
$2.6m
|
$2.0m
|
$7.5m
|
$26.5m
|
$17.8m
|