XML 73 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities:      
Net income $ 66,503us-gaap_ProfitLoss $ 110,882us-gaap_ProfitLoss $ 109,003us-gaap_ProfitLoss
Adjustments to reconcile net income to cash provided by (used for) operating activities of continuing operations:      
Depreciation and amortization 63,407us-gaap_DepreciationDepletionAndAmortization 50,586us-gaap_DepreciationDepletionAndAmortization 39,604us-gaap_DepreciationDepletionAndAmortization
Share-based compensation expense 8,207us-gaap_ShareBasedCompensation 6,381us-gaap_ShareBasedCompensation 5,697us-gaap_ShareBasedCompensation
Deferred income tax (benefit) expense (3,385)us-gaap_DeferredIncomeTaxExpenseBenefit 3,713us-gaap_DeferredIncomeTaxExpenseBenefit 1,060us-gaap_DeferredIncomeTaxExpenseBenefit
Provision for losses on accounts and notes receivable 448us-gaap_ProvisionForDoubtfulAccounts 787us-gaap_ProvisionForDoubtfulAccounts 1,004us-gaap_ProvisionForDoubtfulAccounts
Loss on early retirement of debt 14,890us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Changes in operating assets and liabilities:      
Accounts and notes receivable (17,803)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (38,645)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable 27,161us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable
Merchandise inventories (57,329)us-gaap_IncreaseDecreaseInInventories (7,064)us-gaap_IncreaseDecreaseInInventories 58,734us-gaap_IncreaseDecreaseInInventories
Accounts payable (52,148)us-gaap_IncreaseDecreaseInAccountsPayableTrade 47,374us-gaap_IncreaseDecreaseInAccountsPayableTrade (18,694)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Net change in other assets and liabilities (25,828)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (32,337)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (4,490)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Other, net (723)us-gaap_OtherNoncashIncomeExpense (1,123)us-gaap_OtherNoncashIncomeExpense (573)us-gaap_OtherNoncashIncomeExpense
Cash (used for) provided by operating activities (3,761)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 140,554us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 218,506us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities:      
Acquisition, net of cash acquired (248,536)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (155,210)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Payments to Acquire Software 22,384us-gaap_PaymentsToAcquireSoftware 32,010us-gaap_PaymentsToAcquireSoftware 29,131us-gaap_PaymentsToAcquireSoftware
Additions to property and equipment (48,424)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (28,119)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (9,832)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment 156us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 3,051us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 3,298us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Proceeds from investment sale 1,937us-gaap_PaymentsForProceedsFromOtherInvestingActivities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash used for investing activities (317,251)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (57,078)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (190,875)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities:      
Proceeds from issuance of debt 547,693us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Proceeds from revolver 33,700us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit
Repayment of debt (217,352)us-gaap_RepaymentsOfLongTermDebt 0us-gaap_RepaymentsOfLongTermDebt 0us-gaap_RepaymentsOfLongTermDebt
Cash dividends paid (63,104)us-gaap_PaymentsOfDividends (60,731)us-gaap_PaymentsOfDividends (55,681)us-gaap_PaymentsOfDividends
Repurchases of common stock (9,934)us-gaap_PaymentsForRepurchaseOfCommonStock (18,876)us-gaap_PaymentsForRepurchaseOfCommonStock (15,000)us-gaap_PaymentsForRepurchaseOfCommonStock
Financing costs paid (5,391)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts (1,303)us-gaap_PaymentsOfFinancingCosts
Proceeds from exercise of stock options 1,180us-gaap_ProceedsFromStockOptionsExercised 5,352us-gaap_ProceedsFromStockOptionsExercised 4,986us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefits related to share-based compensation 582us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 898us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,293us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Purchase of noncontrolling interest (1,500)us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries
Other, net (7,314)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (8,623)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2,710)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Cash provided by (used for) financing activities 278,560us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (81,980)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (68,415)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (2,681)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 2,521us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 2,734us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents (45,133)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 4,017us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (38,050)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 101,905us-gaap_CashAndCashEquivalentsAtCarryingValue 97,888us-gaap_CashAndCashEquivalentsAtCarryingValue 135,938us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 56,772us-gaap_CashAndCashEquivalentsAtCarryingValue $ 101,905us-gaap_CashAndCashEquivalentsAtCarryingValue $ 97,888us-gaap_CashAndCashEquivalentsAtCarryingValue