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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net earnings $ 137,344 $ 169,913
Depreciation and amortization 71,217 76,037
Stock-based compensation 30,547 27,371
Loss on debt extinguishment 9,126 0
Gain (Loss) on Disposition of Assets 3,352 0
Minority interest Impairment Charges 4,803 0
Deferred income taxes (458) (1,197)
Other, net 3,693 39
Increase (decrease) in cash, net of acquisitions, resulting from changes in:    
Accounts receivable 7,970 5,460
Inventories (83,215) (30,215)
Prepaid expenses and other current assets 1,317 43
Other assets (3,503) 11,474
Accounts payable (11,182) 38,873
Deferred revenue (2,862) 7,087
Accrued payroll and other liabilities 7,700 (4,120)
Accrued income taxes 35,153 (19,555)
Other long-term liabilities (14,813) (4,385)
Net cash provided by operating activities 196,189 276,825
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment, net (37,136) (32,034)
Proceeds from sale of assets 0 6,365
Business acquisitions, net of cash acquired 0 (601,927)
Minority interest and other investments 304 (5,000)
Net cash used in investing activities (36,832) (632,596)
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 (135,352) (393,634)
Repayments of Unsecured Debt 425,000 0
Repurchase of common stock (150,000) (124,996)
Payment for Debt Extinguishment or Debt Prepayment Cost (8,509) 0
Proceeds from Issuance of Unsecured Debt 494,234 0
Dividends paid (67,297) (68,852)
Proceeds from shares issued pursuant to stock-based compensation plans 7,309 20,776
Payment, Tax Withholding, Share-based Payment Arrangement (10,234) (10,458)
Other financing activities 0 (525)
Net cash (used in) provided by financing activities (119,849) 145,365
Effect of exchange rate changes on cash and cash equivalents (4,105) (6,347)
Net increase (decrease) in cash and cash equivalents 35,403 (216,753)
Cash, cash equivalents and restricted cash, beginning of year 284,592 512,144
Cash, cash equivalents and restricted cash, end of period $ 319,995 $ 295,391