XML 40 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flow from operating activities:    
Net income $ 63,124 $ 82,948
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 55,157 51,011
Stock-based compensation 19,151 19,531
Tax benefit from deferred income taxes (7,404) 2,222
Tax benefit from stock option plans (944) (1,189)
Changes in operating assets and liabilities:    
Accounts receivable 17,162 (7,046)
Inventories (14,809) 1,247
Prepaid expenses and other assets (3,370) (24,887)
Accounts payable (5,609) 5,279
Deferred revenue (1,591) 8,709
Taxes, accrued expenses and other liabilities (386) 2,891
Net cash provided by operating activities 120,481 140,716
Cash flow from investing activities:    
Capital expenditures (28,102) (30,645)
Capitalization of internally developed software (22,639) (22,055)
Additions to other intangibles (2,240) (2,238)
Acquisition, net of cash received (28,629)  
Purchases of short-term investments (29,649) (107,664)
Sales and maturities of short-term investments 44,752 82,514
Net cash used in investing activities (66,507) (80,088)
Cash flow from financing activities:    
Proceeds from revolving line of credit 42,000  
Principal payments on revolving line of credit (17,000)  
Proceeds from issuance of common stock 21,252 24,483
Repurchase of common stock (72,559)  
Dividends paid (73,406) (57,108)
Tax benefit from stock option plans 944 1,189
Net cash used in financing activities (98,769) (31,436)
Net change in cash and cash equivalents (44,795) 29,192
Cash and cash equivalents at beginning of period 274,030 230,263
Cash and cash equivalents at end of period $ 229,235 $ 259,455