XML 18 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 44,667 $ 44,996
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,229 9,294
Litigation settlement 6,000  
Stock option expense 4,089 3,653
Benefit for deferred income taxes (3,489) (2,807)
Noncash long-term incentive compensation 1,119 1,721
Amortization of debt issuance costs 76 128
Amortization of restricted stock awards   291
Changes in operating assets and liabilities:    
(Increase)/decrease in accounts receivable (81) 1,591
(Increase)/decrease in inventories (610) 60
Decrease in prepaid expenses 6 1,045
Increase/(decrease) in accounts payable and other current liabilities 348 (7,911)
Change in current income taxes 9,219 13,642
Increase in other assets (5,006) (4,263)
Increase in other liabilities 6,459 3,758
Other sources/(uses) 559 (5)
Net cash provided by operating activities 73,585 65,193
Cash Flows from Investing Activities    
Capital expenditures (13,866) (12,648)
Business combinations   (1,450)
Other (uses)/sources (68) 181
Net cash used by investing activities (13,934) (13,917)
Cash Flows from Financing Activities    
Proceeds from revolving line of credit 125,100 134,300
Payments on revolving line of credit (114,300) (90,500)
Purchases of treasury stock (49,250) (81,125)
Change in cash overdrafts payable (13,303) (6,671)
Proceeds from exercise of stock options 11,827 8,923
Capital stock surrendered to pay taxes on stock-based compensation (11,170) (6,377)
Dividends paid (4,799) (4,533)
Payments on other long-term debt   (2,500)
Other sources/(uses) 181 (228)
Net cash used by financing activities (55,714) (48,711)
Increase in Cash and Cash Equivalents 3,937 2,565
Cash and cash equivalents at beginning of year 4,831 11,121
Cash and cash equivalents at end of period $ 8,768 $ 13,686