XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 45,479 $ 55,980
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 31,623 32,298
Amortization 10,379 4,192
Deferred income taxes 2,577 7,481
Gain on the sale of property, plant and equipment (119) (56)
Asset impairments 121 84
Stock-based compensation expense 4,302 6,021
Excess tax benefit from stock-based compensation (299) (345)
Changes in operating assets and liabilities, net of effects from business acquisition:    
Accounts receivable 61,776 52,217
Inventories 13,991 (21,059)
Prepaid expenses and other assets (302) (9,015)
Accounts payable 59,183 (9,222)
Accrued liabilities (535) 529
Income taxes (146) (383)
Net cash provided by operations 228,030 118,722
Cash flows from investing activities:    
Proceeds from sales of investments at par 200 50
Additions to property, plant and equipment (24,126) (31,980)
Proceeds from the sale of property, plant and equipment 237 477
Additions to purchased software (1,272) (902)
Business acquisition, net of cash acquired 10,750 0
Other (224) 187
Net cash used in investing activities (14,435) (32,168)
Cash flows from financing activities:    
Proceeds from stock options exercised 5,544 1,683
Excess tax benefits from stock-based compensation 299 345
Principal payments on long-term debt and capital lease obligations (9,224) (500)
Share repurchases (40,862) (52,323)
Net cash used in financing activities (44,243) (50,795)
Effect of exchange rate changes 336 (1,041)
Net increase in cash and cash equivalents 169,688 34,718
Cash and cash equivalents at beginning of year 465,995 427,376
Cash and cash equivalents at end of period $ 635,683 $ 462,094