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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 16,363 $ 8,433
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 4,736 3,711
Amortization 339 278
Share-based compensation 2,280 2,171
Excess tax benefits from share-based compensation (2,780) (3,738)
Equity earnings in unconsolidated investments, net (25) (121)
Other 2,334 2,107
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (125,331) (98,163)
Product inventories (119,300) (93,133)
Prepaid expenses and other assets (2,477) 64
Accounts payable 189,915 138,792
Accrued expenses and other current liabilities (5,807) (18,054)
Net cash used in operating activities (39,753) (57,653)
Investing activities    
Acquisition of businesses, net of cash acquired (100) (319)
Purchase of property and equipment, net of sale proceeds (13,405) (8,797)
Payments to fund credit agreement (2,315) (5,350)
Other investments, net 11 (57)
Net cash used in investing activities (15,809) (14,523)
Financing activities    
Proceeds from revolving line of credit 286,845 217,207
Payments on revolving line of credit (233,952) (188,457)
Proceeds from asset-backed financing 65,000 62,500
Payments on asset-backed financing 0 (16,000)
Proceeds from short-term borrowings, long-term debt and other long-term liabilities 5,995 680
Payments on short-term borrowings, long-term debt and other long term liabilities (1,700) (2,209)
Excess tax benefits from share-based compensation 2,780 3,738
Proceeds from stock issued under share-based compensation plans 4,934 6,229
Payments of cash dividends (10,927) (9,607)
Purchases of treasury stock (65,860) (8,393)
Net cash provided by financing activities 53,115 65,688
Effect of exchange rate changes on cash and cash equivalents (825) (3,294)
Change in cash and cash equivalents (3,272) (9,782)
Cash and cash equivalents at beginning of period 13,237 14,830
Cash and cash equivalents at end of period $ 9,965 $ 5,048