XML 19 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows – Operating activities:    
Net earnings, including noncontrolling interests $ 15,062 $ 38,284
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 24,586 24,505
Amortization of intangible and other assets 4,039 4,123
Stock-based compensation 11,307 15,957
Foreign currency and other non-cash adjustments 594 11,496
Change in assets and liabilities, net of acquisition:    
Accounts receivable, net 66,343 89,649
Inventories, net (22,669) (69,863)
Prepaid expenses and other (2,436) 2,904
Other assets, net (5,074) (9,095)
Accounts payable (61,918) (89,487)
Accrued liabilities and income taxes payable (35,375) (15,041)
Retirement obligations and other 2,253 844
Net deferred taxes 7,215 (9,984)
Net cash flows provided (used) by operating activities 3,927 (5,708)
Cash flows – Investing activities:    
Capital expenditures (15,862) (20,212)
Proceeds from disposal of assets and other 367 101
Net cash flows used by investing activities (15,495) (20,111)
Cash flows – Financing activities:    
Payments on long-term debt (15,000) (15,000)
Proceeds under other financing arrangements 5,715 14,009
Payments under other financing arrangements (1,314) (11,017)
Excess tax benefits from stock-based payment arrangements (3,198) (2,333)
Payments of dividends (24,785) (23,415)
Other (244) (142)
Net cash flows used by financing activities (38,826) (37,898)
Effect of exchange rate changes on cash 9,015 7,591
Net change in cash and cash equivalents (41,379) (56,126)
Cash and cash equivalents at beginning of period 367,162 366,444
Cash and cash equivalents at end of period $ 325,783 $ 310,318