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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net income $ 170,728 $ 144,164
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 53,227 51,051
Stock-based compensation expense 13,983 11,879
Loss on disposal of property, plant and equipment 1,353 525
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (59,979) (66,544)
Inventories (116,131) (48,406)
Accounts payable 59,411 (75,761)
Accrued income taxes (202) (23,025)
Accrued liabilities and customer deposits 27,545 86,937
Other assets and liabilities (82,031) (94,523)
Net cash provided by (used for) operating activities 67,904 (13,703)
Investing Activities    
Purchase of property, plant and equipment (39,723) (38,425)
Proceeds from disposal of property, plant and equipment 8,900 471
Acquisitions of businesses, net of cash acquired (38,277) (846,675)
Net cash used for investing activities (69,100) (884,629)
Financing Activities    
Proceeds from debt 591,890 745,035
Payments of debt (546,394) (680,145)
Proceeds from exercise of stock options and other benefit plans 6,867 2,679
Payment of income tax withholding on share-based compensation (6,503) (6,802)
Cash dividends ($0.12 and $0.20 per share for the six months ended June 30, 2018 and 2017, respectively) (23,096) (19,177)
Net cash provided by financing activities 22,764 41,590
Effect of changes in currency exchange rates (9,395) 42,032
Increase (Decrease) in cash 12,173 (814,710)
Cash, cash equivalents and restricted cash, beginning of period 233,401 1,143,232
Cash and cash equivalents, end of period $ 245,574 $ 328,522