GFF Stock Cash Flow Statements

Griffon Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Griffon Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-06-30	2024-03-31	2023-12-31	2023-06-30	2023-03-31	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-06-30	2021-03-31	2020-12-31	2020-06-30	2020-03-31	2019-12-31	2019-06-30	2019-03-31	2018-12-31	2018-06-30	2018-03-31	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-06-30	2016-03-31	2015-12-31	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31	2013-12-31	2013-06-30	2013-03-31	2012-12-31	2012-06-30	2012-03-31	2011-12-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-06-30	2009-03-31	2008-12-31	2008-06-30	2008-03-31	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2004-12-31

cash flows from operating activities:
net income	-120,139,000	56,762,000	70,851,000	41,086,000	64,143,000	42,177,000	49,205,000	-62,255,000	48,702,000	140,287,000	65,689,000	19,298,000	16,707,000	17,112,000	29,500,000	21,831,000	895,000	10,612,000	13,595,000	-1,156,000	8,753,000	5,827,000			9,553,000	5,045,000	12,264,000	7,596,000	6,095,000	8,596,000	10,893,000	5,122,000	7,471,000	14,464,000	-25,825,000	3,236,000	3,603,000	-819,000	558,000	9,050,000	2,026,000	2,487,000	-1,680,000	4,968,000	2,033,000	4,291,000	6,941,000	-854,000	4,274,000	-9,799,000	-21,370,000	-1,355,000	4,397,000	255,000	8,465,000	18,439,000	19,363,000	7,208,000	6,776,000	10,452,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	15,822,000	15,650,000	15,614,000	15,247,000	15,080,000	14,823,000	15,669,000	17,254,000	17,113,000	17,688,000	16,252,000	13,081,000	15,806,000	15,883,000	15,266,000	15,523,000	15,719,000	15,825,000	15,595,000	15,492,000	15,085,000	14,047,000	13,313,000	12,958,000	19,207,000	18,779,000	18,394,000	17,677,000	17,118,000	17,084,000	17,448,000	17,193,000	17,260,000	16,795,000	16,439,000	16,793,000	17,749,000	17,681,000	17,357,000	16,832,000	16,321,000	15,515,000	13,825,000	9,149,000	10,290,000	9,918,000	10,494,000	10,357,000	10,553,000	10,192,000	10,987,000	11,046,000	10,906,000	10,464,000	9,301,000	9,322,000	8,827,000	8,945,000	8,006,000	7,499,000
stock-based compensation	5,968,000	6,515,000	5,378,000	7,052,000	6,257,000	6,417,000	15,252,000	6,593,000	6,742,000	6,019,000	5,092,000	4,867,000	5,591,000	5,293,000	4,208,000	4,507,000	5,152,000	3,150,000	3,332,000	3,422,000	2,933,000	2,452,000	2,365,000	2,555,000	2,405,000	2,343,000	2,452,000	2,877,000	2,489,000	3,066,000	2,931,000	2,795,000	2,577,000	3,137,000	3,321,000	1,675,000	3,029,000	3,338,000	2,960,000	2,691,000	2,651,000	2,257,000	2,023,000	1,512,000	1,505,000	1,430,000	1,201,000	1,027,000	814,000	818,000	570,000	624,000
goodwill and intangible asset impairments
asset impairment charges - restructuring				14,497,000	0	8,482,000	0			1,688,000	517,000	289,000	1,192,000	2,497,000	5,794,000	0	228,000	4,160,000																22,000	60,000	109,000
benefit from losses on accounts receivable	232,000	-683,000	1,182,000	-30,000	342,000	562,000	346,000	-139,000	482,000	430,000	226,000	352,000	-21,000	101,000	93,000	-84,000	561,000	35,000								-136,000	118,000	363,000	11,000	-24,000	-121,000	86,000	156,000	288,000	-53,000	185,000	384,000	234,000	206,000	-79,000	42,000	569,000								-5,033,000	4,604,000	876,000	659,000	352,000	382,000	357,000	619,000	442,000	374,000	347,000
amortization of debt discounts and issuance costs	1,054,000	1,041,000	1,029,000	1,056,000	1,057,000	1,056,000	1,023,000	1,022,000	1,023,000	1,187,000	912,000	654,000	670,000	669,000	680,000	604,000	994,000	1,273,000	1,292,000	1,612,000	1,229,000	1,227,000	1,511,000	1,243,000	855,000	1,004,000	1,915,000	1,887,000	1,713,000	1,671,000	1,629,000
income from debt extinguishment																1,235,000																		0
deferred income tax benefit
gain on sale of assets and investments	43,000	-195,000	168,000	-373,000	-525,000	-550,000	0	71,000	-10,923,000				4,000	-23,000	174,000	13,000	-88,000	-186,000						209,000		-8,000	-103,000	15,000
gain on sale of real estate	-122,000	-183,000	-7,974,000
change in assets and liabilities:
increase in accounts receivable	33,086,000			27,452,000			25,667,000	-33,120,000	13,689,000	95,522,000	-124,215,000	-53,132,000
increase in inventories	-10,678,000	-11,535,000	-393,000				19,608,000	41,651,000	22,931,000	-28,939,000	-47,056,000	-59,478,000	-26,350,000	-42,262,000	-31,924,000	55,780,000	-1,478,000	-19,480,000	19,843,000	-3,894,000	-33,958,000	-1,179,000	-20,222,000	-28,073,000	-21,423,000	8,718,000	-16,253,000			-9,080,000	2,769,000	-6,594,000	-32,658,000	-9,337,000	10,057,000	-33,915,000	36,498,000	9,890,000	-9,800,000	12,832,000	13,315,000	-30,318,000				2,254,000							5,399,000	-2,638,000	-4,020,000		-16,768,000
increase in prepaid and other assets	-906,000	8,202,000	-5,066,000	2,415,000	-2,135,000	-3,631,000	-1,564,000	3,351,000	100,000	-19,451,000	5,734,000	329,000	-2,720,000	3,788,000	-3,517,000	-11,388,000	-3,736,000	-2,269,000			-444,000		19,326,000	-8,459,000			-2,637,000			316,000			-2,177,000			-1,628,000						4,000
increase in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities	-21,750,000	-28,015,000	26,423,000	11,475,000	-28,512,000	36,491,000				-26,340,000	-6,320,000	-12,204,000	15,291,000
other changes	1,834,000	-836,000	265,000	812,000	462,000	1,117,000	7,697,000	3,430,000	1,954,000	1,274,000	-137,000	662,000	-789,000	1,116,000	1,284,000	40,000	-1,456,000	2,016,000	948,000	1,473,000	1,197,000	6,554,000	292,000	552,000	1,752,000	-773,000	1,616,000	1,056,000	1,518,000	519,000	-170,000	981,000	1,242,000	-433,000	602,000	543,000	1,235,000	-2,401,000	2,022,000	-181,000	3,071,000	838,000	62,000	162,000	224,000	185,000							-163,000	-80,000	941,000		284,000	-938,000	1,776,000	351,000
net cash from operating activities	123,056,000	16,503,000	142,922,000	122,078,000	39,802,000	146,058,000	-201,000	-645,000	-1,953,000	17,043,000	1,989,000	7,857,000	67,860,000	-46,670,000	20,829,000	116,787,000	-42,674,000	-18,169,000	-436,000	-2,980,000	-458,000	-13,890,000	-9,426,000	-5,654,000	56,714,000	1,217,000	7,554,000	62,963,000	14,188,000	-19,596,000	72,637,000	-35,001,000	-8,050,000	76,493,000	-2,243,000	-24,394,000	36,537,000	-1,481,000	-32,502,000	32,555,000	11,635,000	-13,843,000		42,683,000	2,848,000	2,663,000					-12,269,000	41,156,000	10,472,000	-14,692,000	34,039,000	-3,021,000	10,771,000	3,806,000	4,728,000	9,095,000
cash flows from investing activities:
acquisition of property, plant and equipment	-8,693,000	-13,718,000	-17,456,000	-14,560,000	-18,959,000	-14,330,000	-8,346,000	-7,111,000	-4,726,000	-11,486,000	-11,457,000	-10,573,000	-9,903,000	-12,060,000	-11,926,000	-12,232,000	-9,347,000	-13,172,000	-10,376,000	-9,021,000	-8,397,000	-11,520,000	-10,843,000	-10,785,000	-16,640,000	-20,035,000	-22,478,000	-17,295,000	-20,934,000	-25,018,000	-15,652,000	-20,792,000	-18,921,000	-20,014,000	-16,929,000	-17,916,000	-14,891,000	-13,707,000	-17,288,000	-17,490,000	-20,313,000	-19,892,000											-4,123,000	-9,385,000	-10,092,000		-8,966,000
proceeds from the sale of property, plant and equipment	320,000	355,000	17,220,000	12,300,000	485,000	787,000	6,000	19,000	11,815,000	57,000	3,000	29,000	34,000	29,000	53,000
net cash from investing activities	-8,373,000	-13,363,000	-236,000	-2,260,000	-18,474,000	-13,543,000				-1,182,000	-592,000	-853,000	-12,768,000	-15,023,000	1,491,000	-12,313,000	-9,241,000	-23,519,000				0	198,267,000	-209,029,000	-16,615,000	-20,013,000	-28,411,000	-17,249,000	-22,294,000	-26,545,000	-17,779,000	-11,831,000	-18,814,000	-67,805,000	-15,913,000	-41,358,000	-14,781,000	-13,546,000	-16,233,000	-17,404,000	-20,179,000	-42,263,000											-7,297,000	-28,599,000	-13,939,000		-9,856,000
cash flows from financing activities:
dividends paid	-8,181,000	-14,404,000	-9,037,000	-7,094,000	-11,711,000	-9,965,000	-114,548,000	-5,698,000	-7,126,000	-4,815,000	-4,831,000	-5,260,000	-4,229,000	-4,256,000	-4,422,000	-3,290,000	-3,957,000	-3,392,000	-3,415,000	-3,704,000	-3,143,000	-40,944,000	-2,882,000	-2,990,000	-2,629,000	-2,638,000	-2,499,000	-2,178,000	-2,227,000	-2,281,000	-1,896,000	-2,001,000	-1,910,000	-1,551,000	-1,571,000	-1,719,000	-1,446,000	-1,474,000	-1,464,000
purchase of shares for treasury	-40,256,000	-72,370,000	-49,083,000	-19,080,000	-140,972,000	-81,449,000	-85,361,000	-254,000	-12,735,000	0	0	-10,886,000	0	0	-2,909,000	0	-5,721,000	-1,758,000	0	-130,000	-1,348,000	-12,727,000	-28,529,000	-4,332,000	-37,000	-686,000	-15,073,000	-17,131,000	-22,730,000	-10,910,000	-20,641,000	-24,407,000	-13,170,000	-9,148,000	-8,181,000	-55,189,000	-3,580,000	-14,773,000	-7,336,000	-3,320,000	1,000	-2,351,000											-987,000	-1,173,000	-1,127,000		-1,645,000
proceeds from long-term debt	0			0	148,000,000	31,500,000	57,139,000	15,596,000	29,823,000	9,023,000	964,476,000	10,815,000	6,558,000	-26,762,000	40,791,000	169,275,000	989,386,000	71,957,000	13,699,000	104,136,000	38,965,000	71,747,000	21,804,000	326,094,000	15,442,000	156,599,000	39,056,000	123,645,000	59,730,000	79,874,000	21,967,000	89,277,000	10,279,000
payments of long-term debt	-87,038,000	-2,079,000	-50,000,000	-79,543,000	-3,324,000	-63,860,000	-20,134,000	-31,571,000	-87,539,000	-389,977,000	-35,406,000	-2,500,000	-10,682,000	34,547,000	-42,120,000	-266,160,000	-907,026,000	-32,045,000	-60,091,000	-43,847,000	-4,322,000	-32,090,000	-176,968,000	-52,973,000	-29,214,000	-114,437,000	-8,827,000	-131,650,000	-22,197,000	-24,126,000	-51,070,000	-18,130,000	-11,295,000	-15,824,000	-561,064,000	-25,246,000	-7,442,000	-1,338,000	-4,062,000	-4,165,000	-3,572,000	-6,826,000											-6,967,000	-199,000	-283,000		-5,473,000
financing costs			-42,000			-114,000			-744,000	-608,000	-15,704,000	-753,000	0	-2,000	-569,000	-3,367,000	-13,155,000	-21,000	-67,000	-878,000	-67,000	-220,000	-59,000	-7,392,000	-28,000	-163,000	-172,000	-3,015,000			-2,000	-561,000	-29,000	-241,000	-10,006,000	-681,000	0			-93,000	0	-4,000
other	-63,000	-68,000	41,000	-45,000	-203,000	-59,000	-25,000	-85,000	-42,000				1,000	1,000	26,000	-114,000	123,000	-40,000	-280,000	-54,000	137,000	13,000	42,000	84,000	74,000	163,000	-349,000	-294,000	104,000	104,000	111,000	-7,000	102,000	50,000	113,000	31,000	19,000	58,000	184,000	96,000	-15,000	-14,000		155,000	13,000	24,000	-164,000	210,000	419,000		-520,000	1,000,000	-77,000	-197,000	-1,041,000
net cash from financing activities	-135,538,000	-25,879,000	-108,121,000	-106,669,000	-8,096,000	-123,947,000							-8,411,000	3,381,000	-9,297,000	-103,656,000	59,650,000	34,701,000				0	-281,067,000	258,526,000	-18,539,000	14,055,000	2,221,000	-30,477,000	11,516,000	44,805,000	-50,954,000	45,088,000	-16,882,000	9,915,000	-6,687,000	-16,547,000	-12,198,000	-17,772,000	-10,582,000	-6,603,000	-4,107,000	-9,545,000	11,047,000	-26,984,000	-21,261,000	63,640,000							-1,679,000	21,696,000	12,939,000		-1,205,000
cash flows from discontinued operations:
net cash from discontinued operations	-531,000	28,000	-180,000	-434,000	-347,000	-2,926,000	-201,000	-645,000	-1,953,000	15,861,000	1,397,000	7,004,000	-157,000	-235,000	1,472,000	-487,000	-1,388,000	-606,000	-436,000	-2,980,000	-458,000	-13,890,000	-41,964,000	-6,419,000	-478,000	-308,000	-430,000	-574,000	-191,000	-387,000	-285,000	-165,000	-380,000	-378,000	-341,000	-299,000	-8,000	-15,000	-463,000	-926,000	-487,000	-277,000
effect of exchange rate changes on cash and equivalents	844,000	-1,420,000	3,129,000	-2,293,000	-401,000	2,015,000	301,000	-2,117,000	689,000	780,000	-2,603,000	-910,000	-1,391,000	304,000	1,223,000	2,644,000	-2,115,000	8,000	569,000	-468,000	402,000	8,591,000	-1,783,000	-685,000	941,000	205,000	-1,218,000	-329,000	1,095,000	-310,000	-266,000	-2,055,000	-1,713,000	-721,000	-257,000	-158,000	-368,000	-329,000	191,000	-589,000	659,000	257,000	383,000
net increase in cash and equivalents	-20,542,000	-24,131,000	37,514,000	10,422,000	12,484,000	7,657,000	-23,802,000	55,034,000	374,000			-97,433,000			15,718,000			-7,585,000	133,000	-23,773,000	11,994,000	-172,690,000	152,036,000	36,739,000	22,023,000			14,334,000												7,033,000				3,191,000	-27,902,000	55,511,000
cash and equivalents at beginning of period	0	0	114,438,000	0	0	102,889,000	0	0	120,184,000	0	0	248,653,000	0	0	218,089,000	0	0	72,377,000	0	0	69,758,000	0	0	47,681,000	0	0	72,553,000	0	0	52,001,000	0	0	92,405,000	0	0	178,130,000	0	0	209,654,000	0	0	243,029,000	169,802,000	0	0	320,833,000
cash and equivalents at end of period	-20,542,000	-24,131,000	151,952,000	10,422,000	12,484,000	110,546,000	-23,802,000	55,034,000	120,558,000	22,394,000	-28,927,000	151,220,000	45,133,000	-58,243,000	233,807,000	2,975,000	4,232,000	64,792,000	133,000	-23,773,000	81,752,000	-172,690,000	152,036,000	84,420,000	22,023,000	-4,844,000	52,269,000	14,334,000	4,314,000	49,968,000	3,353,000	-3,964,000	46,566,000	17,504,000	-25,441,000	95,374,000	9,182,000	-33,143,000	150,065,000	7,033,000	-12,479,000	177,358,000	138,407,000	3,191,000	-27,902,000	376,344,000
supplemental disclosure of non-cash flow information:
capital expenditures in accounts payable	3,395,000	-130,000	2,064,000
raw materials and supplies	-2,852,000	5,323,000	89,188,000
work in process	1,061,000	433,000	12,087,000
finished goods	16,369,000	7,415,000	316,889,000
total	14,578,000	13,171,000	418,164,000
decrease in accounts receivable			35,445,000			14,491,000
intangible asset impairments							0
decrease in inventories				-311,000	31,627,000	24,623,000
payments related to sale of business
deferred income tax provision							0
net income from discontinued operations										-88,117,000	-7,118,000	-2,393,000
adjustments to reconcile net income to net cash from operating activities of continuing operations:
debt extinguishment
fair value step-up of acquired inventory sold										2,700,000
change in assets and liabilities, net of assets and liabilities acquired:
decrease in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities							14,464,000	-25,076,000	-26,333,000						-5,425,000	38,680,000
net cash from operating activities - continuing operations							147,367,000	86,156,000	75,480,000	107,632,000	-87,687,000	-84,946,000							69,988,000	-56,047,000	1,041,000	41,637,000
acquired businesses, net of cash acquired										0			0	0	-2,242,000	0	0	-10,531,000	0	0	-9,219,000	-183,315,000	-47,547,000	-198,683,000	0	0	-6,051,000	0
proceeds (payments) from sale of business
proceeds from investments
net cash from investing activities - continuing operations							-8,340,000	-7,092,000	4,521,000	284,283,000	-848,570,000	-9,969,000							-19,834,000	-19,763,000	-17,565,000	-194,807,000
net cash from ( used in) financing activities - continuing operations							-162,929,000
payments related to sale of telephonics								0	-2,568,000
deferred income taxes										-1,418,000	0	2,883,000	5,017,000	1,892,000	442,000	40,000	210,000	198,000	512,000	515,000	-1,380,000	-1,476,000	50,000	-23,186,000	5,523,000	-40,000	-196,000	-288,000	-1,226,000	2,763,000	-171,000	-219,000	1,501,000	-257,000	182,000	-239,000	-305,000	-1,050,000	458,000	-378,000	-666,000	-141,000								167,000	295,000	412,000
net cash from financing activities - continuing operations									-78,363,000			-8,612,000							-50,154,000	55,485,000	28,574,000	-14,221,000
(gain) loss on sale of assets and investments										-185,000	36,000	-154,000									-91,000
proceeds from sale of business													-380,000	-855,000	15,580,000							0
proceeds (payments) from investments										0
net cash from ( used) in financing activities - continuing operations
net decrease in cash and equivalents													45,133,000			2,975,000											-20,284,000			-2,033,000	3,353,000	-3,964,000	-45,839,000	17,504,000	-25,441,000	-82,756,000	9,182,000	-33,143,000	-59,589,000			-65,671,000
proceeds from sale of investments												575,000
gain on sale of business													0	949,000	-6,240,000
increase in accounts receivable and contract assets													37,462,000
investment purchases													-2,520,000
decrease in accounts receivable and contract assets															10,494,000
non-cash lease expense																9,909,000
increase in accounts receivable and contract costs and recognized income not yet billed																-19,903,000			14,446,000			341,000			25,184,000	-33,026,000	21,459,000	25,314,000	-37,645,000	-6,106,000				54,277,000	-59,669,000	12,835,000	6,150,000	-87,002,000	-529,000
insurance payments
proceeds from sale of assets																49,000	106,000	184,000	42,000	11,000	51,000	28,000	15,000	439,000	25,000	22,000	118,000	46,000	384,000	484,000	98,000	70,000	107,000	197,000	70,000	224,000	110,000	161,000	1,055,000	86,000	134,000	61,000
investment purchase																			0
contingent consideration for acquired businesses																			0	0	-1,686,000
decrease in accounts receivable and contract costs and recognized income not yet billed																		2,942,000			37,181,000			38,909,000									24,824,000									8,067,000	29,952,000			7,060,000	105,000	-5,510,000	20,190,000	-14,473,000	-13,179,000	45,302,000		-15,719,000	48,547,000			-10,661,000	11,473,000	25,736,000
decrease in accounts payable, accrued liabilities, income taxes payable and net change to leases																		-36,445,000
change in short-term borrowings																					38,000			35,000	-452,000	214,000	-702,000	146,000	-44,000	-147,000	491,000	629,000	-1,201,000	-1,770,000	-5,032,000	9,940,000	251,000	514,000	1,643,000	2,069,000
•
cash flows from operating activities - continuing operations:
net (income) income from discontinued operations																			533,000
decrease in accounts payable, accrued liabilities and income taxes payable																			6,257,000	677,000	-29,622,000	16,933,000	3,952,000	-24,973,000	13,839,000	-5,609,000	-31,475,000	9,805,000	-4,308,000	-38,324,000	380,000	-10,193,000	-30,051,000			-25,647,000			-50,165,000	-30,092,000	-4,900,000	-14,582,000												-9,311,000	-27,678,000
cash flows from investing activities - continuing operations:
proceeds (payments) related to sale of business
insurance proceeds																			0
cash flows from financing activities - continuing operations:
provision (recovery) for losses on accounts receivable																				158,000	158,000	250,000	19,000	-220,000
decrease in prepaid and other assets																									-199,000													-3,214,000	3,625,000					-3,009,000
net (income) from discontinued operations																						1,615,000	-88,329,000	-8,158,000
share premium payment on settled debt																									0
purchase of esop shares																									-1,695,000	0	-9,213,000							0	-8,409,000	-1,591,000
net income from continuing operations																								30,989,000
investment in unconsolidated joint venture																														-2,726,000
investment sales																												0	0	715,000
proceeds from issuance of common stock																															86,000			0
tax benefit from exercise/vesting of equity awards																												0	0	2,291,000	0	3,000	342,000	0	0	273,000
decrease (increase) in inventories																																															6,830,000
(gain) loss on sale/disposal of assets and investments																														-77,000	-2,000
amortization of deferred financing costs and debt discounts																																	1,634,000	1,601,000	1,582,000	1,606,000
loss on sale/disposal of assets																																	171,000
(gain) loss on sale/disposal of assets																																		-102,000	127,000	53,000	13,000			30,000
increase in accounts payable, accrued liabilities and income taxes payable																																																		29,241,000
acquired business, net of cash acquired																																			946,000	-23,666,000				0	0	-22,432,000
proceeds from issuance of long-term debt																																			586,879,000	57,635,000	0	0	303,000	0			47,974,000	0	0	100,000,000	448,000	5,523,000	4,908,000	34,600,000			5,000,000	22,000,000	20,891,000					7,778,000
3
fixed asset impairment charges - restructuring																																					0
amortization/write-off of deferred financing costs and debt discounts																																					1,549,000	1,563,000	1,539,000	1,476,000	1,516,000	1,505,000	1,845,000
tax effect from exercise/vesting of equity awards																																					0	0	150,000	0	0	834,000
gain on sale/disposal of assets																																							-733,000			-44,000
griffon corporation and subsidiaries
notes to condensed consolidated financial statements
fair value write-up of acquired inventory sold																																											11,364,000
change in funds restricted for capital projects
dividend																																								-1,190,000	-1,190,000	-1,184,000
exercise of stock options																																											20,000	14,000	142,000	143,000							1,452,000	724,000	387,000			583,000	66,000	2,514,000
change in equipment lease deposits
income from discontinued operations
funds restricted for capital projects																																											1,283,000										-50,000	-74,000	-4,347,000
increase in equipment lease deposits																																																					-3,124,000	-1,973,000	500,000		-890,000			3,924,000
proceeds from sale of investment																																																		0
increase in short-term borrowings																																																-1,117,000	2,021,000			787,000
tax benefit from exercise of options/vesting of restricted stock																																											7,000	0	56,000	43,000
cash flows from operating activities
benefit from losses on account receivable																																											266,000
cash flows from financing activities
current assets, net of cash acquired																																											195,214,000
pp&e																																											72,918,000
goodwill																																											261,064,000
intangibles																																											203,290,000
other assets																																											1,124,000			30,648,000
total assets acquired																																											733,610,000
total liabilities assumed
net assets acquired																																											542,000,000
long-term debt discount																																												1,300,000	1,216,000	886,000
provisions for losses on account receivable																																												481,000
amortization/write-off of deferred financing costs																																												306,000	299,000	310,000
gain from debt extinguishment																																												0	-12,000	18,000
proceeds from issuance of shares from rights offering																																															1,983,000	0	5,274,000
net cash from operating activities of discontinued operations
effective interest rate																																												-200
interest expense related to the coupon																																												-34,000
amortization of the discount																																												-26,000
amortization of deferred issuance costs																																												0
total interest expense on the 2023 notes																																												-60,000
provisions (recoveries) for losses on account receivable																																														514,000
all other assets																																														1,114,759,000
total assets																																														1,145,407,000
notes payable & current portion of lt debt																																														81,410,000
all other liabilities																																														377,094,000
total liabilities																																														458,504,000
capital in excess of par value																																														420,749,000
retained earnings																																														438,782,000
all other shareholders’ equity
total shareholders’ equity																																														686,903,000
total liabilities and shareholders’ equity																																														1,145,407,000
loss (income) from discontinued operations
decrease (increase) in prepaid and other assets
acquired businesses																																																					0
decrease (increase) in equipment lease deposits
decrease in short-term borrowings																																																					-507,000	419,000	-6,044,000
tax benefit from vesting of restricted stock
effect of exchange rate changes on cash and cash equivalents																																																		132,000	741,000	240,000	154,000	343,000	198,000
net increase in cash and cash equivalents																																																				25,005,000	1,650,000
cash and cash equivalents at beginning of period																																															0	0	311,921,000	0	0	44,747,000	0	0	22,389,000		0	0	60,663,000	88,047,000
cash and cash equivalents at end of period																																															15,248,000	-1,709,000	276,024,000	7,638,000	-30,351,000	69,752,000	1,650,000	-21,252,000	55,626,000		230,000	-14,089,000	45,960,000	80,398,000
cash flows from operating activities — continuing operations:
recovery of losses on accounts receivable
amortization of deferred financing costs																																																345,000	726,000
decrease (increase) in prepaid expenses and other assets
net cash from operating activities — continuing operations
cash flows from investing activities — continuing operations:
net cash from investing activities — continuing operations
cash flows from financing activities — continuing operations:
net cash from financing activities — continuing operations
net decrease in cash and cash equivalents
increase in prepaid expenses and other assets																																																					195,000	682,000	-1,899,000	741,000
cash flows from operating activities – continuing operations:
income from discontinued operations – net of taxes
write-off of unamortized deferred financing costs																																																		0
net cash from operating activities – continuing operations
cash flows from investing activities – continuing operations:
acquisition of business
net cash from investing activities – continuing operations
cash flows from financing activities – continuing operations:
tax benefit from restricted stock vesting and exercise of stock options
net cash from financing activities – continuing operations
decrease (increase)in equipment lease deposits
increasein short-term borrowings
tax benefit from exercise of stock options																																																					407,000	122,000	156,000	1,750,000	523,000	184,000	1,679,000
decrease in equipment lease deposits																																																				4,332,000
stock based compensation																																																					581,000
change in assets and liabilities, net of assets acquired and liabilities assumed:
acquisition of minority interest in subsidiary																																																									0
distributions to minority interest																																																									0
distributions to minority interests
net increase cash and cash equivalents																																																							33,237,000
gain on sale of land and building
minority interest																																																												1,868,000
proceeds from sale of land and building
acquisition of minority interest in subsidiaries
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
increase in accounts payable, accrued liabilities and income taxes
total adjustments																																																									-8,592,000
proceeds from sale of land & building
proceeds from borrowings under long-term debt arrangements																																																									3,000,000	0	60,000,000
proceeds from the exercise of stock options
effect of exchange rates on cash and cash equivalents																																																									520,000			781,000
see notes to condensed consolidated financial statements.
decrease in prepaid expenses and other assets
decrease in accounts payable, accrued liabilities and income taxes
payment of debt issuance costs
proceeds from divestiture
net cash provided (used) by financing activities
purchase of treasury shares
loss on divestiture
cumulative effect of a change in accounting principle
proceeds from sale of real estate
pension curtailment gain

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