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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 94,560 $ 83,282
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 32,476 25,530
Stock-based compensation expense 9,762 9,312
Other non-cash items (927) 2,198
Changes in assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net (52,236) (61,455)
Inventories, net (14,556) (6,804)
Prepaid expenses and other assets (5,743) (9,337)
Accounts payable, trade 5,412 22,542
Accrued expenses and other liabilities 10,181 31,431
Net cash flows provided by operating activities 78,929 96,699
Cash flows from investing activities:    
Capital expenditures (54,539) (43,276)
Acquisitions of businesses, net of cash acquired (153,415) (67,876)
Proceeds from note receivable 2,000 0
Other investing activities (1,016) 257
Net cash flows used in investing activities (206,970) (110,895)
Cash flows from financing activities:    
Exercise of stock-based awards, net of shares tendered for payment of taxes (14,114) (7,543)
Proceeds from line of credit borrowings 631,148 0
Repayments under line of credit borrowings (469,148) 0
Proceeds from other borrowings 4,509 0
Payment of dividends 28,985 24,887
Payment of contingent consideration related to acquisitions (3,011) (1,524)
Other financing activities (556) (59)
Net cash flows provided by (used in) financing activities 119,843 (34,013)
Net decrease in cash and cash equivalents (8,198) (48,209)
Cash and cash equivalents at beginning of period 26,049 86,170
Cash and cash equivalents at end of period 17,851 37,961
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 2,582 941
Cash paid during the period for income taxes, net of refunds 24,907 17,620
Purchase of property and equipment in accrued expenses $ 664 $ 2,072