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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 102,709 $ 89,476
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,355 20,804
Benefit of deferred income taxes 3,294 3,005
Share-based compensation expense 6,334 5,960
Other 628 1,091
Changes in assets and liabilities:    
Accounts receivable (33,421) (21,800)
Inventories (14,521) (8,070)
Other assets and liabilities (49,601) (52,302)
Accounts payable 699 (1,939)
Deferred revenue (3,098) (1,327)
Net cash provided by operating activities 34,378 34,898
Cash Flows from Investing Activities:    
Purchases of property and equipment (38,206) (23,726)
Purchase of marketable securities 0 (87)
Proceeds from the sale and maturities of marketable securities 0 284,125
Net cash (used) provided by investing activities (38,206) 260,312
Cash Flows from Financing Activities:    
Repayments on revolving credit facilities, net (52,024) (247,500)
Issuance of senior notes 100,000 0
Debt issuance costs (30) 0
Payment of acquisition-related contingent consideration (573) 0
Repurchases of common stock (54,302) (83,487)
Proceeds from exercises of stock options and employee stock purchase plans 11,551 14,551
Shares withheld for statutory tax withholding on restricted stock (7,403) (8,555)
Net cash used by financing activities (2,781) (324,991)
Net effect of changes in exchange rates on cash (569) 1,335
Net decrease in cash and cash equivalents (7,178) (28,446)
Cash and cash equivalents at beginning of period 123,794 187,675
Cash and cash equivalents at end of period $ 116,616 $ 159,229