|
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| OPERATING ACTIVITIES |
|
|
| Net Earnings |
$ 5,026 |
$ 5,795 |
| Adjustments to reconcile Net Earnings to Net Cash Used in Operating Activities: |
|
|
| Depreciation |
4,122 |
4,427 |
| Amortization |
520 |
611 |
| Deferred Income Taxes |
205 |
3,874 |
| Share-Based Compensation Expense |
2,707 |
1,540 |
| Allowance for Doubtful Accounts and Returns |
139 |
429 |
| Other, Net |
(45) |
(9) |
| Changes in Operating Assets and Liabilities: |
|
|
| Receivables |
16,160 |
(4,123) |
| Inventories |
(9,529) |
(7,292) |
| Accounts Payable |
(3,405) |
1,648 |
| Employee Compensation and Benefits |
(8,895) |
(4,707) |
| Other Current Liabilities |
(5,761) |
(3,370) |
| Income Taxes |
(2,267) |
(2,310) |
| Other Assets and Liabilities |
(1,099) |
(426) |
| Net Cash Used in Operating Activities |
(2,122) |
(3,913) |
| INVESTING ACTIVITIES |
|
|
| Purchases of Property, Plant and Equipment |
(4,129) |
(3,511) |
| Proceeds from Disposals of Property, Plant and Equipment |
86 |
40 |
| Increase in Restricted Cash |
(13) |
(2) |
| Net Cash Used in Investing Activities |
(4,056) |
(3,473) |
| FINANCING ACTIVITIES |
|
|
| Payments of Short-Term Debt |
0 |
(1,500) |
| Payment of Long-Term Debt |
(2,000) |
(2,006) |
| Purchases of Common Stock |
(4,135) |
(3,556) |
| Proceeds from Issuance of Common Stock |
550 |
226 |
| Excess Tax Benefit on Stock Plans |
648 |
169 |
| Dividends Paid |
(3,690) |
(3,490) |
| Net Cash Used in Financing Activities |
(8,627) |
(10,157) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents |
(1,333) |
(41) |
| Net Decrease in Cash and Cash Equivalents |
(16,138) |
(17,584) |
| Cash and Cash Equivalents at Beginning of Period |
92,962 |
80,984 |
| Cash and Cash Equivalents at End of Period |
76,824 |
63,400 |
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Cash Paid for Income Taxes |
3,973 |
743 |
| Cash Paid for Interest |
338 |
419 |
| Supplemental Non-cash Investing and Financing Activities: |
|
|
| Capital Expenditures in Accounts Payable |
$ 901 |
$ 861 |