XML 18 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities    
Net income $ 44,996 $ 29,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,294 8,939
Provision for uncollectible accounts receivable   4,249
Stock option expense 3,653 3,001
Benefit for deferred income taxes (2,807) (2,415)
Noncash long-term incentive compensation 1,721 827
Amortization of restricted stock awards 291 336
Amortization of debt issuance costs 128 129
Changes in operating assets and liabilities:    
Decrease in accounts receivable 1,591 17,972
Decrease in inventories 60 322
Decrease in prepaid expenses 1,045 1,003
Decrease in accounts payable and other current liabilities (7,911) (10,766)
Increase in income taxes 13,642 14,655
Increase in other assets (4,263) (2,140)
Increase in other liabilities 3,758 1,992
Other sources/(uses) (5) 838
Net cash provided by operating activities 65,193 68,786
Cash Flows from Investing Activities    
Capital expenditures (12,648) (9,020)
Business combinations (1,450)  
Other sources/(uses) 181 (70)
Net cash used by investing activities (13,917) (9,090)
Cash Flows from Financing Activities    
Proceeds from revolving line of credit 134,300 116,000
Payments on revolving line of credit (90,500) (76,000)
Purchases of treasury stock (81,125) (54,262)
Proceeds from exercise of stock options 8,923 5,635
Change in cash overdrafts payable (6,671) (8,607)
Capital stock surrendered to pay taxes on stock-based compensation (6,377) (4,744)
Dividends paid (4,533) (4,251)
Payments on other long-term debt (2,500) (1,875)
Other (uses)/sources (228) 147
Net cash used by financing activities (48,711) (27,957)
Increase in Cash and Cash Equivalents 2,565 31,739
Cash and cash equivalents at beginning of year 11,121 15,310
Cash and cash equivalents at end of period $ 13,686 $ 47,049