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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 143,654 $ 149,625
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,777 22,774
Stock-based compensation expense 9,794 8,640
Loss (gain) on sale of equipment 73 (199)
Deferred income taxes (7,420) 1,879
Changes in operating assets and liabilities:    
Trade receivables, net 60,329 (55,169)
Inventories, net 8,993 (44,047)
Prepaids and other assets (8,747) (2,722)
Excess tax benefits of stock options and awards (57) (309)
Accounts payable and accrued expenses (70,658) 22,112
Net cash provided by operating activities 158,738 102,584
Investing activities    
Purchase of property, plant and equipment (16,746) (31,164)
Proceeds from sale of equipment 183 543
Net cash used in investing activities (16,563) (30,621)
Financing activities    
Repurchase of common stock (40,911) (140,261)
Proceeds from exercise of stock options 1,952 1,864
Excess tax benefits of stock options and awards 57 309
Net cash used in financing activities (38,902) (138,088)
Effect of exchange rate changes on cash activities (5,009) (3,267)
Increase (decrease) in cash and cash equivalents 98,264 (69,392)
Cash and cash equivalents at beginning of period 298,705 384,356
Cash and cash equivalents at end of period $ 396,969 $ 314,964