Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,890 $ 15,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for doubtful accounts 130 322
Impairment of Venezuela property, plant and equipment, net 2,947  
Depreciation and amortization 3,510 3,279
Share-based compensation expense 3,034 2,599
Loss (gain) on sale of property and equipment 36 (127)
Deferred income taxes (3,961) 52
Amortization of bond discount 3 1
Purchase of trading investment securities (133) (62)
Proceeds from sale of trading investment securities 125 308
Realized and unrealized gains on investments (33) (78)
Foreign exchange losses (gains) 2,724 (1,057)
Changes in assets and liabilities:    
Accounts receivable 827 (1,781)
Inventories 181 (678)
Prepaid expenses and other current assets 455 (1,083)
Other assets (1,478) (97)
Accounts payable (598) 878
Accrued volume incentives 235 2,047
Accrued liabilities (3,989) 1,284
Deferred revenue (52) (491)
Income taxes payable (803) 199
Liability related to unrecognized tax benefits (3,550) 915
Deferred compensation payable 41 (167)
Net cash provided by operating activities 13,541 22,029
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (19,973) (4,590)
Proceeds from sale of property, plant and equipment 7 233
Purchase of investments available for sale (18) (278)
Proceeds from investments available for sale 247 100
Net cash used in investing activities (19,737) (4,535)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of cash dividends (33,357) (28,797)
Principal payments of long-term debt and revolving credit facility (12,267) (2,509)
Borrowings on long-term debt and revolving credit facility 0 10,000
Repurchase of common stock (2,731) (1,945)
Net proceeds from the issuance of shares to noncontrolling interests 46,216  
Investment by noncontrolling interests 4,000  
Proceeds from the exercise of stock options 437 4,300
Net cash provided by (used) in financing activities 2,298 (18,951)
Effect of exchange rates on cash and cash equivalents (2,893) (1,161)
Net decrease in cash and cash equivalents (6,791) (2,618)
Cash and cash equivalents at beginning of the period 77,247 79,241
Cash and cash equivalents at end of the period 70,456 76,623
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 5,996 7,068
Cash paid for interest $ 155 $ 95