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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operations    
Net Income $ 40,791 $ 37,639
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 22,875 21,122
Deferred income taxes 2,585 (3,205)
Net gains on disposal of property (1,719) (4,355)
Net income attributable to noncontrolling interests (111) (91)
Changes in assets and liabilities:    
Trade receivables (49,792) (23,004)
Merchandise inventory (101,735) (55,818)
Other current assets 2,684 17,928
Other non-current assets 19,006 2,806
Trade accounts payable 79,513 30,155
Accrued payroll and benefit costs (40,762) (64,013)
Other current liabilities 9,589 (3,752)
Other non-current liabilities (16,373) 2,901
Total adjustments to net income (74,240) (79,326)
Net cash used by operations (33,449) (41,687)
Cash Flows from Investing Activities    
Proceeds from disposal of property 3,039 9,115
Capital expenditures for property (16,547) (50,767)
Acquisition of business, net of cash acquired 0 (18,302)
Net cash used by investing activities (13,508) (59,954)
Cash Flows from Financing Activities    
Net increase in short-term borrowings 58,512 117,846
Repayment of long-term debt (1,853) (1,820)
Principal payments under capital leases (3,101) (2,940)
Sale of common stock 11,963 11,022
Purchases of common stock (5,503) (7,974)
Purchases of noncontrolling interests’ common stock (353) (97)
Dividends paid (9,977) (9,616)
Net cash provided by financing activities 49,688 106,421
Net Increase in Cash 2,731 4,780
Cash, Beginning of Year 37,931 33,758
Cash, End of Period 40,662 38,538
Non-cash Investing and Financing Activities    
Acquisitions of equipment under capital leases $ 27 $ 5,292