v3.19.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Payments to Noncontrolling Interests $ (13,970,000) $ 0
Cash flows from operating activities:    
Net income 74,177,000 48,729,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,998,000 14,536,000
Loss on disposal of property, plant, and equipment 958,000 20,000
Deferred income taxes 191,000 3,252,000
Stock-based compensation 4,215,000 3,113,000
Changes in operating assets and liabilities:    
Accounts receivable 108,637,000 115,414,000
Inventories 862,000 32,133,000
Prepaid expenses and other current assets 6,952,000 (1,912,000)
Other assets (3,394,000) (2,340,000)
Accounts payable (81,242,000) (87,492,000)
Accrued liabilities (54,723,000) (45,000,000)
Income taxes payable (13,761,000) (6,038,000)
Increase (Decrease) in Operating Liabilities (14,721,000) 0
Other liabilities 1,495,000 2,937,000
Net cash provided by operating activities 58,644,000 77,352,000
Cash flows from investing activities:    
Purchases of short-term investments (136,257,000) (33,178,000)
Proceeds from Sale, Maturity and Collection of Short-term Investments 128,000,000 37,121,000
Capital expenditures (25,199,000) (12,290,000)
Proceeds from sale of property, plant, and equipment 0 19,000
Net cash used in investing activities (33,456,000) (8,328,000)
Cash flows from financing activities:    
Proceeds from credit facilities 21,942,000 0
Repayments on credit facilities (21,942,000) 0
Proceeds from issuance of common stock under employee stock plans 8,579,000 9,380,000
Tax payments related to restricted stock unit issuances (5,432,000) (4,033,000)
Payments for Repurchase of Common Stock (18,845,000) (18,099,000)
Cash dividends paid (16,418,000) (15,452,000)
Net cash used in financing activities (46,086,000) (28,204,000)
Net effect of exchange rate changes on cash (450,000) 3,230,000
Net increase (decrease) in cash and cash equivalents (21,348,000) 44,050,000
Cash, cash equivalents and restricted cash, beginning of period 451,795,000 673,166,000
Cash, cash equivalents and restricted cash, end of period 430,447,000 717,216,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 31,646,000 24,510,000
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 8,177,000 $ 4,000,000

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