XML 23 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
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 $ 198,156 $ 154,465
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,696 40,893
Benefit of deferred income taxes 8,638 2,691
Share-based compensation expense 12,352 11,742
Other 1,613 1,031
Changes in assets and liabilities:    
Accounts receivable (32,872) (32,400)
Inventories (16,825) (18,850)
Other assets and liabilities (55,781) (21,426)
Accounts payable 3 1,422
Deferred revenue (3,252) 1,898
Net cash provided by operating activities 153,728 141,466
Cash Flows from Investing Activities:    
Purchases of property and equipment (51,377) (38,566)
Purchase of marketable securities (87) (175,522)
Proceeds from the sale and maturities of marketable securities 284,125 155,903
Acquisitions of a business, net of cash acquired 0 (14,529)
Net cash provided (used) by investing activities 232,661 (72,714)
Cash Flows from Financing Activities:    
(Repayments) borrowings on revolving credit facilities, net (218,000) 93,000
Payment of acquisition-related contingent consideration (1,000) 0
Repurchases of common stock (189,884) (170,798)
Proceeds from exercises of stock options and employee stock purchase plans 21,905 23,170
Shares withheld for statutory tax withholding on restricted stock (8,720) (7,459)
Net cash used by financing activities (395,699) (62,087)
Net effect of changes in exchange rates on cash (3,806) 4,409
Net (decrease) increase in cash and cash equivalents (13,116) 11,074
Cash and cash equivalents at beginning of period 187,675 154,901
Cash and cash equivalents at end of period $ 174,559 $ 165,975