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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 105,126 $ 171,482
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 41,857 36,465
Deferred income taxes (200) (17,238)
Stock-based compensation arrangements 21,253 19,449
Other, net 19,830 4,346
Increase (decrease) in cash, net of acquisitions, resulting from changes in:    
Accounts receivable 19,951 43,295
Inventories 20,211 (72,531)
Prepaid expenses (3,129) 1,784
Other assets (18,861) (1,775)
Accounts payable (35,507) 29,011
Deferred revenue 4,859 (106)
Accrued payroll and other liabilities (13,614) (21,055)
Accrued income taxes 51,856 (957)
Pension & other long term liabilities 1,595 5,309
Net cash provided by operating activities 215,227 197,479
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment (27,682) (50,146)
Proceeds on sale of property and equipment 6,986 30
Business acquisitions, net of cash acquired 42,445 0
Net cash used by investing activities (63,141) (50,116)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from credit agreement and long-term debt 524,826 0
Repayments of credit agreements and long-term debt (367,435) (11,250)
Dividends paid (66,057) (93,381)
Proceeds from employee stock based compensation plans (49,564) (46,193)
Excess tax benefits from share-based payment arrangements 7,347 21,188
Other financing activities 1,605 4,216
Proceeds from (Payments for) Other Financing Activities 10 (10)
Net cash provided (used) by financing activities 50,732 (125,430)
Effect of exchange rates on cash and cash equivalents 2,085 (27,931)
Net increase (decrease) in cash and cash equivalents 204,903 (5,998)
Cash and cash equivalents, beginning of period 472,785 531,374
Cash and cash equivalents, end of period $ 677,688 $ 525,376