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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 107,017$ 106,638
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization9,64110,619
Stock-based compensation8,5976,714
Provision for excess and obsolete inventory10,9248,804
Gain on disposal of discontinued operations0(4,431)
Deferred income taxes3,08411,715
Excess tax benefits from stock-based compensation(5,282)(1,830)
Other503(620)
Changes in operating assets and liabilities:  
Trade accounts receivable13,511(60,374)
Inventories(14,856)(44,414)
Income taxes(3,295)(897)
Other current assets(9,816)(1,753)
Accrued expenses and other current liabilities(1,422)33,849
Accounts payable(13,962)12,232
Net cash provided by operating activities104,64476,252
Cash flows from investing activities:  
Purchases of short-term and long-term investments(359,857)(237,025)
Maturities, sales and settlements of short-term and long-term investments311,419176,093
Purchases of property, plant and equipment(9,691)(11,430)
Proceeds from sale of assets72,148
Net proceeds from sales of discontinued operations015,581
Other(473)(1,061)
Net cash used in investing activities(58,595)(55,694)
Cash flows from financing activities:  
Proceeds from short-term borrowings27,340111,383
Payments on short-term borrowings(26,094)(115,836)
Repurchase of common stock(475)0
Net proceeds related to employee stock-based compensation26,3271,409
Dividend payments to common stockholders(23,498)0
Excess tax benefits from stock-based compensation5,2821,830
Net cash provided by (used in) financing activities8,882(1,214)
Effect of exchange rate changes on cash and cash equivalents(1,296)(362)
Increase in cash and cash equivalents53,63518,982
Cash and cash equivalents at beginning of period162,476111,009
Cash and cash equivalents at end of period$ 216,111$ 129,991