XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 205,482 $ 158,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 905 666
Depreciation expense 32,403 31,845
Stock-based compensation expense—restricted stock and stock units 21,945 20,727
Deferred income taxes (10,188) 18
Provision for doubtful accounts 3,950 3,421
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (80,580) 3,376
Increase in accounts payable, accrued expenses, accrued payroll and benefit costs 45,959 38
Increase in income taxes payable 36,215 49,229
Change in other assets, net of change in other liabilities 7,873 (10,097)
Net cash flows provided by operating activities 263,964 258,060
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for acquisitions, net of cash acquired 0 (1,643)
Capital expenditures (17,261) (21,186)
Payments to trusts for employee deferred compensation plans (19,827) (15,245)
Net cash flows used in investing activities (37,088) (38,074)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (138,002) (129,243)
Cash dividends paid (68,985) (61,448)
Payments for notes payable and other indebtedness (90) (82)
Net cash flows used in financing activities (207,077) (190,773)
Effect of exchange rate changes on cash and cash equivalents (5,896) 8,384
Net increase in cash and cash equivalents 13,903 37,597
Cash and cash equivalents at beginning of period 294,753 260,201
Cash and cash equivalents at end of period 308,656 297,798
Non-cash items:    
Stock repurchases awaiting settlement $ 6,483 $ 1,255