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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 92,877 $ 93,942
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,139 15,126
Stock-based compensation expense 6,482 5,660
Loss (gain) on sale of equipment 75 (149)
Deferred income taxes (4,935) (2,507)
Changes in operating assets and liabilities:    
Trade receivables, net 70,508 (33,272)
Inventories, net 3,348 (32,708)
Prepaids and other assets (2,958) 3,194
Excess tax benefits of stock options and awards (57) (251)
Accounts payable and accrued expenses (67,468) 17,637
Net cash provided by operating activities 113,011 66,672
Investing activities    
Purchase of property, plant and equipment (11,204) (23,218)
Proceeds from sale of equipment 136 470
Net cash used in investing activities (11,068) (22,748)
Financing activities    
Repurchase of common stock (19,943) (90,022)
Proceeds from exercise of stock options 1,952 1,386
Excess tax benefits of stock options and awards 57 251
Net cash used in financing activities (179,347) (88,385)
Effect of exchange rate changes on cash activities (41) 2,726
Increase (decrease) in cash and cash equivalents 83,968 (41,735)
Cash and cash equivalents at beginning of period 298,705 384,356
Cash and cash equivalents at end of period $ 382,673 $ 342,621