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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net earnings $ 76,681 $ 107,866
Depreciation and amortization 47,750 48,915
Stock-based compensation 20,887 17,278
Gain (Loss) on Disposition of Assets 3,585 0
Minority interest Impairment Charges 4,803 0
Deferred income taxes (513) 2,187
Other, net 3,218 (3,620)
Increase (decrease) in cash, net of acquisitions, resulting from changes in:    
Accounts receivable 11,263 (19,128)
Inventories (46,764) (23,604)
Prepaid expenses and other current assets 1,596 (11,487)
Other assets 5,679 3,612
Accounts payable (10,480) 26,446
Deferred revenue 1,898 1,863
Accrued payroll and other liabilities (8,207) (13,273)
Accrued income taxes 12,116 (7,885)
Other long-term liabilities (9,497) (5,869)
Net cash provided by operating activities 114,015 123,301
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment, net (27,242) (17,781)
Proceeds from sale of assets 0 2,973
Business acquisitions, net of cash acquired 0 (602,456)
Minority interest and other investments 304 (5,000)
Net cash used in investing activities (26,938) (622,264)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from credit facility and long-term debt, including current portion 175,000 723,054
Repayments of credit facility 6,135 378,095
Repurchase of common stock (150,000) (49,996)
Dividends paid (45,006) (46,064)
Proceeds from shares issued pursuant to stock-based compensation plans 7,309 17,350
Payment, Tax Withholding, Share-based Payment Arrangement (10,071) (10,346)
Other financing activities 0 (522)
Net cash (used in) provided by financing activities (28,903) 255,381
Effect of exchange rate changes on cash and cash equivalents (9,808) 323
Net increase (decrease) in cash and cash equivalents 48,366 (243,259)
Cash, cash equivalents and restricted cash, beginning of year 284,592 512,144
Cash, cash equivalents and restricted cash, end of period $ 332,958 $ 268,885