XML 42 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net income $ 377,047 $ 263,269 $ 222,054
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 83,178 83,140 78,218
Amortization on marketable securities, net (5) 38 843
Impairment charge 2,629 0 2,228
Provision for uncollectible accounts 1,609 1,881 1,170
Benefit of (provision for) deferred income taxes 1,209 (7,918) 20,881
Share-based compensation expense 25,157 23,517 19,891
Other 900 969 986
Tax benefit from share-based compensation arrangements 0 0 (14,702)
Changes in assets and liabilities:      
Accounts receivable (18,401) (24,918) (22,554)
Inventories (25,623) (19,062) 7,648
Accounts payable (166) 1,391 2,117
Deferred revenue (7,719) 3,551 7,672
Other assets and liabilities (39,731) 47,418 12,491
Net cash provided by operating activities 400,084 373,276 338,943
Cash Flows from Investing Activities:      
Purchases of property and equipment (115,751) (74,384) (64,787)
Purchases of marketable securities (87) (334,164) (227,894)
Proceeds from the sale and maturities of marketable securities 284,125 286,759 203,859
Acquisitions of intangible assets and equity investment (7,185) (2,320) 0
Acquisitions of businesses, net of cash acquired (22,500) (14,579) (1,964)
Net cash provided (used) by investing activities 138,602 (138,688) (90,786)
Cash Flows from Financing Activities:      
(Repayment) borrowings on revolving credit facilities, net (256,040) 44,000 38,000
Debt issue costs 0 0 (56)
Repurchases of common stock (369,319) (282,565) (304,086)
Proceeds from exercises of stock options and employee stock purchase plans 38,201 38,622 38,344
Payment of acquisition-related contingent consideration (1,266) 0 (4,728)
Shares withheld for statutory tax withholding on restricted stock (Note 2) (9,375) (8,073) (4,372)
Tax benefit from share-based compensation arrangements 0 0 14,702
Net cash used by financing activities (597,799) (208,016) (222,196)
Net effect of changes in exchange rates on cash (4,768) 6,202 (54)
Net increase (decrease) in cash and cash equivalents (63,881) 32,774 25,907
Cash and cash equivalents at beginning of period 187,675 154,901 128,994
Cash and cash equivalents at end of period $ 123,794 $ 187,675 $ 154,901