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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 148,603 $ 128,224 $ 111,030
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 20,338 16,373 14,495
Amortization 1,639 1,015 1,387
Share-based compensation 9,902 9,543 9,065
Excess tax benefits from share-based compensation (7,370) (7,706) (5,524)
Provision for doubtful accounts receivable, net of write-offs (155) 197 (539)
Provision for inventory obsolescence, net of write-offs (448) 576 (687)
Provision for deferred income taxes 3,749 4,198 6,986
(Gains) losses on sale of property and equipment (320) 230 179
Equity earnings in unconsolidated investments, net (156) (211) (204)
Net losses on foreign currency transactions 679 774 277
Impairment of goodwill and other non-operating assets 4,113 500 0
Other 923 (869) 206
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables (5,666) (16,656) (12,751)
Product inventories (8,050) (10,848) (30,409)
Prepaid expenses and other assets (3,077) (434) (2,265)
Accounts payable (17,896) 9,956 20,090
Accrued expenses and other current liabilities 18,570 11,188 10,479
Net cash provided by operating activities 165,378 146,050 121,815
Investing activities      
Acquisition of businesses, net of cash acquired (19,730) (4,483) (10,648)
Purchases of property and equipment, net of sale proceeds (34,352) (29,095) (17,328)
Payments to fund credit agreement (5,322) (8,860) 0
Collections from credit agreement 3,737 4,557 0
Other investments, net 24 88 165
Net cash used in investing activities (55,643) (37,793) (27,811)
Financing activities      
Proceeds from revolving line of credit 1,154,090 911,712 820,720
Payments on revolving line of credit (1,072,557) (890,406) (763,429)
Proceeds from asset-backed financing 155,000 143,400 121,600
Payments on asset-backed financing (126,500) (156,000) (106,000)
Proceeds from short-term borrowings, long-term debt and other long-term liabilities 18,442 8,119 3,607
Payments on short-term borrowings, long-term debt and other long-term liabilities (19,037) (7,948) (3,075)
Payments of deferred financing costs (69) (320) (394)
Excess tax benefits from share-based compensation 7,370 7,706 5,524
Proceeds from stock issued under share-based compensation plans 11,752 18,269 13,530
Payments of cash dividends (49,749) (43,117) (37,600)
Purchases of treasury stock (178,414) (99,219) (136,466)
Net cash used in financing activities (99,672) (107,804) (81,983)
Effect of exchange rate changes on cash and cash equivalents (1,344) (2,046) (5,197)
Change in cash and cash equivalents 8,719 (1,593) 6,824
Cash and cash equivalents at beginning of year 13,237 14,830 8,006
Cash and cash equivalents at end of year $ 21,956 $ 13,237 $ 14,830