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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income $ 144,164 $ 184,648
Adjustments to reconcile net income to cash (used for) provided by operations:    
Depreciation and amortization 51,051 33,093
Stock-based compensation expense 11,879 9,673
Loss on disposal of property, plant and equipment 525 378
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (66,544) (2,171)
Inventories (48,406) (10,893)
Accounts payable (75,761) (13,757)
Accrued income taxes (23,025) 2,913
Accrued liabilities and customer deposits 86,937 3,505
Other assets and liabilities (94,523) 6,587
Net cash (used for) provided by operating activities (13,703) 213,976
Investing Activities    
Purchase of property, plant and equipment (38,425) (19,104)
Proceeds from disposal of property, plant and equipment 471 165
Acquisitions of businesses, net of cash acquired (114,175) (21,263)
Release of deposit in escrow 23,548 0
Net cash used for investing activities (128,581) (40,202)
Financing Activities    
Proceeds from debt 745,035 230,000
Payments of debt (680,145) (175,499)
Purchase of treasury stock 0 (133,738)
Proceeds from exercise of stock options and other benefit plans 2,679 651
Payment of income tax withholding on share-based compensation (6,802) (9,006)
Cash dividends ($0.XX and $0.16 per share for the six months ended June 30, 2017 and 2016, respectively) (19,177) (14,565)
Net cash provided by (used for) financing activities 41,590 (102,157)
Effect of changes in currency exchange rates 30,732 5,127
(Decrease) Increase in cash (69,962) 76,744
Cash, beginning of period 398,484 226,191
Cash, end of period $ 328,522 $ 302,935