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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 $ 68,565 $ 125,223
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 12,300 10,024
Amortization of intangible assets 17,460 15,721
Amortization of original issue discount 2,494 2,573
Amortization of deferred financing costs 1,874 2,272
Loss on extinguishment of debt 4,795 1,836
(Gain) loss on change in contractual interest rate $ 2,381 (16,014)
Gain on remeasurement of contingent consideration (4,877)
Provision for losses on accounts receivable $ 324 344
Deferred income taxes 27,319 35,572
Loss on disposal of property and equipment 53 135
Share-based compensation expense 6,889 9,403
Net changes in operating assets and liabilities:    
Accounts receivable (14,838) (28,747)
Inventories (28,319) (9,501)
Other assets 572 2,768
Accounts payable (12,226) 20,215
Accrued wages and employee benefits (1,167) (12,037)
Other accrued liabilities (2,644) (3,232)
Excess tax benefits from equity awards (8,973) (9,167)
Net cash provided by operating activities 76,859 142,511
Investing Activities    
Proceeds from sale of property and equipment 105 7
Expenditures for property and equipment (20,108) (22,722)
Acquisition of business (74,477) (5,309)
Net cash used in investing activities (94,480) (28,024)
Financing Activities    
Proceeds from short-term borrowings 14,320 $ 4,900
Proceeds from long-term borrowings 100,000
Repayments of short-term borrowings (15,198) $ (24,741)
Repayments of long-term borrowings and capital lease obligations (150,595) $ (68,905)
Stock repurchases (64,378)
Payment of debt issuance costs (2,067) $ (4)
Cash dividends paid (1,429) (705)
Taxes paid related to the net share settlement of equity awards (12,387) (10,255)
Excess tax benefits from equity awards 8,973 9,167
Proceeds from exercise of stock options 7 21
Net cash used in financing activities (122,754) (90,522)
Effect of exchange rate changes on cash and cash equivalents (2,932) (950)
Net (decrease) increase in cash and cash equivalents (143,307) 23,015
Cash and cash equivalents at beginning of period 189,761 150,147
Cash and cash equivalents at end of period $ 46,454 $ 173,162