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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH PROVIDED BY OPERATING ACTIVITIES:    
Net earnings $ 98,410 $ 74,652
Income items not affecting cash:    
Depreciation and amortization 24,611 30,706
Deferred income taxes 142 915
Stock-based compensation arrangements 12,938 17,203
Other non-cash items (823) (3,599)
Changes in operating assets and liabilities:    
Decrease in accounts receivable, net 22,594 15,929
Increase in inventories (44,072) (7,414)
Decrease in prepaid expenses and other current assets 489 233
Decrease (increase) in other assets 1,610 (12,188)
Increase in accounts payable 24,539 14,764
Increase (decrease) in deferred revenue 2,303 (3,761)
(Decrease) increase in accrued payroll and other current liabilities (28,170) 5,473
Increase (decrease) in accrued income taxes 5,230 (3,937)
Increase in other long-term liabilities 4,058 1,437
Cash provided by operating activities 123,859 130,413
CASH USED BY INVESTING ACTIVITIES:    
Additions to property and equipment, net (30,753) (25,828)
Cash used by investing activities (30,753) (25,828)
CASH USED BY FINANCING ACTIVITIES:    
Repayments of long term debt, net (7,500) (7,500)
Repurchase of common stock (31,426) (43,003)
Dividends paid (30,774) (28,245)
Proceeds from shares issued pursuant to stock-based compensation plans 19,636 28,969
Excess tax benefit of stock options exercised 4,041 6,559
Other financing activities (8) (14)
Cash used by financing activities (46,031) (43,234)
Effect of exchange rate changes on cash (18,259) (1,754)
Net increase in cash and cash equivalents 28,816 59,597
Cash and cash equivalents, beginning of period 531,374 542,476
Cash and cash equivalents, end of period $ 560,190 $ 602,073