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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:      
Consolidated net income $ 184,243 $ 150,798 $ 13,884
Loss from discontinued operations, net of tax 0 0 504
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Depreciation and amortization 87,963 86,924 57,831
Impairment of intangible assets 44,369 33,003 0
Amortization of deferred financing fees 10,760 4,350 9,984
Amortization of favorable (unfavorable) contracts 0 71 71
Amortization of inventory step-up 0 4,681 20,798
Non-cash stock compensation expense 15,412 12,997 7,752
Non-cash interest expense 777 2,778 4,871
Non-cash gain on bargain purchase 0 (849) 0
Gain from product divestiture 0 0 (9,329)
Deferred income taxes, net (32,934) (46,130) (17,511)
Excess tax benefit from stock compensation 0 (47,997) (29,517)
Loss on extinguishment of debt 0 1,243 990
Gain (loss) on sale of available-for-sale security 45 237 (7)
Other (4,888) 0 0
Changes in operating assets and liabilities:      
Trade accounts receivable, net (132,617) 40,287 (72,796)
Inventories, net 10,208 (50,729) (19,385)
Prepaid expenses and other current assets (6,494) 17,574 30,372
Trade accounts payable 6,139 (4,819) 13,963
Accrued expenses and other liabilities (15,224) 93,229 27,967
NET CASH PROVIDED BY OPERATING ACTIVITIES 167,759 297,648 40,442
INVESTING ACTIVITIES:      
Payments for acquisitions and equity investments, net of cash acquired 0 (24,408) (987,428)
Proceeds from disposal of assets 5,966 2,459 59,361
Payments for other intangible assets (3,950) (3,835) (8,908)
Purchases of property, plant and equipment (74,938) (27,934) (29,899)
NET CASH USED IN INVESTING ACTIVITIES (72,922) (53,718) (966,874)
FINANCING ACTIVITIES:      
Proceeds from issuances of debt 0 0 1,045,000
Proceeds under stock option and stock purchase plans 9,795 11,916 8,842
Payments of contingent acquisition liabilities 0 (8,991) (15,000)
Debt financing costs (5,128) (8,564) (28,365)
Proceeds from warrant exercises 0 0 8,171
Excess tax benefits from stock compensation 0 47,997 29,517
Common stock repurchases (45,000) 0 0
Debt repayment (200,000) (10,450) (85,049)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (240,333) 31,908 963,116
Effect of changes in exchange rates on cash and cash equivalents 2 (251) (183)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (145,494) 275,587 36,501
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 346,266 70,679 34,178
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 200,772 $ 346,266 $ 70,679