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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income $ 191,339 $ 148,603 $ 128,224
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 24,157 20,338 16,373
Amortization 1,568 1,639 1,015
Share-based compensation 12,482 9,902 9,543
Excess tax benefits from share-based compensation 0 (7,370) (7,706)
Provision for doubtful accounts receivable, net of write-offs (154) (155) 197
Provision for inventory obsolescence, net of write-offs (267) (448) 576
Provision for deferred income taxes (4,636) 3,749 4,198
(Gains) losses on sale of property and equipment (285) (320) 230
Equity earnings in unconsolidated investments, net (139) (156) (211)
Net (gains) losses on foreign currency transactions (171) 679 774
Impairment of goodwill and other non-operating assets 1,200 4,113 500
Other 166 923 (869)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables (21,903) (5,666) (16,656)
Product inventories (35,783) (8,050) (10,848)
Prepaid expenses and other assets (4,096) (3,077) (434)
Accounts payable 5,077 (17,896) 9,956
Accrued expenses and other current liabilities 6,756 18,570 11,188
Net cash provided by operating activities 175,311 165,378 146,050
Investing activities      
Acquisition of businesses, net of cash acquired (12,834) (19,730) (4,483)
Purchases of property and equipment, net of sale proceeds (39,390) (34,352) (29,095)
Payments to fund credit agreement 0 (5,322) (8,860)
Collections from credit agreement 0 3,737 4,557
Other investments, net 4 24 88
Net cash used in investing activities (52,220) (55,643) (37,793)
Financing activities      
Proceeds from revolving line of credit 1,067,868 1,154,090 911,712
Payments on revolving line of credit (1,011,977) (1,072,557) (890,406)
Proceeds from asset-backed financing 161,600 155,000 143,400
Payments on asset-backed financing (145,100) (126,500) (156,000)
Proceeds from short-term borrowings and current portion of long-term debt 27,333 18,442 8,119
Payments on short-term borrowings and current portion of long-term debt (17,603) (19,037) (7,948)
Payments on deferred and contingent acquisition consideration (324) 0 0
Purchase of redeemable non-controlling interest (2,573) 0 0
Payments of deferred financing costs (1,104) (69) (320)
Excess tax benefits from share-based compensation 0 7,370 7,706
Proceeds from stock issued under share-based compensation plans 11,466 11,752 18,269
Payments of cash dividends (58,029) (49,749) (43,117)
Purchases of treasury stock (146,006) (178,414) (99,219)
Net cash used in financing activities (114,449) (99,672) (107,804)
Effect of exchange rate changes on cash and cash equivalents (658) (1,344) (2,046)
Change in cash and cash equivalents 7,984 8,719 (1,593)
Cash and cash equivalents at beginning of year 21,956 13,237 14,830
Cash and cash equivalents at end of year $ 29,940 $ 21,956 $ 13,237