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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES:    
Consolidated net income $ 151,788 $ 118,013
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 65,985 63,835
Amortization of debt financing costs 9,456 3,576
Impairment of intangible assets 9,368 2,627
Amortization of favorable contracts 0 53
Amortization of inventory step-up 0 4,682
Non-cash stock compensation expense 11,282 9,270
Non-cash interest expense 770 2,342
Deferred income taxes, net (13,346) (27,579)
Excess tax benefit from stock compensation 0 (47,997)
Non-cash gain on bargain purchase 0 (849)
Loss on extinguishment of debt 0 1,211
Loss on sale of available-for-sale securities 45 238
Other (765) 0
Changes in operating assets and liabilities, net of acquisition:    
Trade accounts receivable (112,252) 52,056
Inventories, net 5,744 (41,177)
Prepaid expenses and other current assets (6,349) 15,442
Trade accounts payable 5,698 9,357
Accrued expenses and other liabilities (31,803) 86,999
NET CASH PROVIDED BY OPERATING ACTIVITIES 95,621 252,099
INVESTING ACTIVITIES:    
Payments for acquisitions and equity investments, net of cash acquired 0 (26,908)
Proceeds from disposal of assets 5,966 2,459
Payments for other intangible assets (3,875) (3,135)
Purchases of property, plant and equipment (48,884) (21,628)
NET CASH USED IN INVESTING ACTIVITIES (46,793) (49,212)
FINANCING ACTIVITIES:    
Net proceeds under stock option and stock purchase plans 8,891 11,917
Debt financing costs (5,128) (4,457)
Payment of contingent acquisition liabilities 0 (6,492)
Debt payments (200,000) (7,838)
Common stock repurchases (25,000) 0
Excess tax benefit from stock compensation 0 47,997
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (221,237) 41,127
Effect of exchange rate changes on cash and cash equivalents 193 (228)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (172,216) 243,786
Cash and cash equivalents at beginning of period 346,266 70,679
CASH AND CASH EQUIVALENTS AT END OF PERIOD 174,050 314,465
SUPPLEMENTAL DISCLOSURES:    
Amount paid for interest 33,022 38,614
Amount paid (refunded) for income taxes, net 103,103 (4,064)
Non-cash conversion of convertible notes to common shares $ 43,214 $ 43,309