|
Net earnings
|
|
$1.8m
|
$32.9m
|
$37.4m
|
$38.3m
|
$24.1m
|
$29.0m
|
$47.3m
|
$42.6m
|
$40.2m
|
$42.6m
|
|
Depreciation
|
|
$7.9m
|
$8.0m
|
$9.1m
|
$10.4m
|
$9.9m
|
$10.4m
|
$10.2m
|
$9.9m
|
$8.8m
|
$9.0m
|
|
Amortization of intangible assets
|
|
$4.7m
|
$6.1m
|
$7.1m
|
$7.8m
|
$8.1m
|
$8.4m
|
$7.2m
|
$7.6m
|
$7.7m
|
$8.1m
|
|
Deferred income taxes
|
|
$4.4m
|
($1.8m)
|
($742k)
|
$478k
|
($2.7m)
|
$3.2m
|
($1.8m)
|
($2.2m)
|
($2.0m)
|
($1.2m)
|
|
(Gain) loss from disposal of assets
|
|
$278k
|
$162k
|
($217k)
|
($87k)
|
($405k)
|
($271k)
|
($5.9m)
|
$53k
|
($58k)
|
($13k)
|
|
Accrued interest on short-term investments
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($431k)
|
($1.1m)
|
($25k)
|
|
Credit losses
|
|
$118k
|
($265k)
|
$212k
|
($59k)
|
$1.0m
|
$429k
|
$663k
|
$693k
|
$228k
|
$296k
|
|
Stock based compensation
|
|
$1.4m
|
$1.3m
|
$1.4m
|
$1.4m
|
$1.2m
|
$2.8m
|
$2.8m
|
$1.2m
|
$4.0m
|
$2.5m
|
|
Net pension expense
|
|
($443k)
|
($1.4m)
|
($1.7m)
|
($1.8m)
|
$3.9m
|
$1.7m
|
$894k
|
$719k
|
$2.0m
|
$1.8m
|
|
Cash Paid to Pension Plan
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($2.0m)
|
($1.2m)
|
($1.2m)
|
$0
|
|
Accounts receivable
|
|
$3.5m
|
($21k)
|
$1.5m
|
$1.8m
|
$6.1m
|
($1.0m)
|
($9.2m)
|
$8.8m
|
$9.6m
|
$1.1m
|
|
Inventories
|
|
$1.4m
|
$1.6m
|
($3.6m)
|
$3.2m
|
$3.2m
|
($4.4m)
|
($7.8m)
|
$9.1m
|
$3.1m
|
($12.8m)
|
|
Other assets
|
|
($589k)
|
$65k
|
$5k
|
$43k
|
($124k)
|
($19k)
|
($563k)
|
$120k
|
($4.4m)
|
$78k
|
|
Accounts payable and accrued expenses
|
|
($140k)
|
($847k)
|
($2.4m)
|
($2.6m)
|
($3.3m)
|
$1.5m
|
$3.3m
|
($8.6m)
|
($882k)
|
$1.1m
|
|
Other liabilities
|
|
($3.6m)
|
$76k
|
($302k)
|
($109k)
|
($351k)
|
($711k)
|
$93k
|
($296k)
|
($687k)
|
$88k
|
|
Proceeds from disposal of plant and property
|
|
$664k
|
$64k
|
$443k
|
$681k
|
$1.7m
|
$825k
|
$1.6m
|
$9k
|
$369k
|
$289k
|
|
Proceeds from exercise of stock options
|
|
$2.9m
|
—
|
$69k
|
—
|
—
|
—
|
$0
|
$0
|
$173k
|
$43k
|
|
Net change in cash
|
|
$72.5m
|
$15.8m
|
($7.8m)
|
($20.2m)
|
$6.9m
|
$10.4m
|
$8.4m
|
($12.4m)
|
($14.6m)
|
($32.4m)
|
|
Net cash provided by operating activities
|
|
$58.9m
|
$45.3m
|
$51.3m
|
$57.2m
|
$52.8m
|
$50.7m
|
$46.8m
|
$69.1m
|
$65.9m
|
$52.7m
|
|
Capital expenditures
|
|
($3.1m)
|
($2.7m)
|
($4.8m)
|
($3.4m)
|
($3.7m)
|
($6.5m)
|
($4.3m)
|
($6.5m)
|
($5.9m)
|
($11.7m)
|
|
Purchase of businesses, net of cash acquired
|
|
($18.6m)
|
($1.4m)
|
($27.4m)
|
($18.7m)
|
($19.2m)
|
($4.3m)
|
($8.8m)
|
($19.6m)
|
($6.2m)
|
($38.9m)
|
|
Purchase of investment securities
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($31.4m)
|
($10.1m)
|
$0
|
|
Maturity of investment securities
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$2.5m
|
$35.0m
|
$5.5m
|
|
Net cash provided by (used in) investing activities
|
|
$86.1m
|
($4.0m)
|
($31.8m)
|
($21.4m)
|
($21.2m)
|
($10.1m)
|
($11.5m)
|
($55.0m)
|
$13.2m
|
($44.8m)
|
|
Common stock repurchases
|
|
($8.4m)
|
($3.3m)
|
($4.8m)
|
($2.5m)
|
($1.2m)
|
($4.8m)
|
($1.1m)
|
($586k)
|
($1.8m)
|
($14.5m)
|
|
Dividends paid
|
|
($57.2m)
|
($22.3m)
|
($22.6m)
|
($23.5m)
|
($23.5m)
|
($25.4m)
|
($25.8m)
|
($25.9m)
|
($92.0m)
|
($25.9m)
|
|
Net cash used in financing activities
|
|
($72.5m)
|
($25.6m)
|
($27.4m)
|
($56.0m)
|
($24.7m)
|
($30.2m)
|
($27.0m)
|
($26.4m)
|
($93.7m)
|
($40.3m)
|
|
Cash and cash equivalents at beginning of period
|
|
$80.5m
|
$96.2m
|
$88.4m
|
$68.3m
|
$75.2m
|
$85.6m
|
$94.0m
|
$81.6m
|
$67.0m
|
$34.6m
|
|
Prepaid expenses and income taxes
|
|
$1.1m
|
($2.7m)
|
$3.4m
|
($1.5m)
|
$2.1m
|
($257k)
|
($370k)
|
($271k)
|
$499k
|
$72k
|