XML 20 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net income $ 89,969 $ 82,108
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 8,481 7,071
Amortization 962 1,243
Share-based compensation 6,236 6,143
Excess tax benefits from share-based compensation (2,534) (2,229)
Equity earnings in unconsolidated investments (187) (185)
Goodwill impairment 6,946 0
Other 278 (3,892)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (63,015) (55,941)
Product inventories 39,644 10,999
Prepaid expenses and other assets 2,607 677
Accounts payable (15,500) (49,542)
Accrued expenses and other current liabilities 50,643 35,522
Net cash provided by operating activities 124,530 31,974
Investing activities    
Acquisition of businesses, net of cash acquired (4,580) (2,961)
Purchase of property and equipment, net of sale proceeds (13,717) (16,959)
Other investments, net (249) (177)
Net cash used in investing activities (18,546) (20,097)
Financing activities    
Proceeds from revolving line of credit 482,669 446,649
Payments on revolving line of credit (415,641) (376,649)
Payments on long-term debt and other long-term liabilities (100,017) (145)
Payments of deferred acquisition consideration 0 (500)
Excess tax benefits from share-based compensation 2,534 2,229
Proceeds from stock issued under share-based compensation plans 13,180 9,506
Payments of cash dividends (21,669) (19,798)
Purchases of treasury stock (55,088) (62,842)
Net cash used in financing activities (94,032) (1,550)
Effect of exchange rate changes on cash and cash equivalents (621) 608
Change in cash and cash equivalents 11,331 10,935
Cash and cash equivalents at beginning of period 17,487 9,721
Cash and cash equivalents at end of period $ 28,818 $ 20,656