Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 118,671 $ 112,873
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 44,660 44,478
Loss on disposal of property, plant, and equipment 970 3,646
Deferred income taxes 3,871 927
Stock-based compensation 8,277 8,454
Changes in operating assets and liabilities:    
Accounts receivable (127,003) (106,906)
Inventories (56,576) (103,475)
Prepaid expenses and other current assets 2,959 429
Other assets 1,567 (2,552)
Accounts payable (30,716) (82,590)
Accrued liabilities 1,595 10,999
Income taxes payable 15,063 26,045
Other liabilities 4,231 2,505
Net cash used in operating activities (12,431) (85,167)
Cash flows from investing activities:    
Purchases of short-term investments (50,697) (21,263)
Proceeds from Sale, Maturity and Collection of Short-term Investments 32,878 21,263
Capital expenditures (41,791) (35,588)
Proceeds from sale of property, plant, and equipment 239 52
Net cash used in investing activities (59,371) (35,536)
Cash flows from financing activities:    
Proceeds from credit facilities 3,374 59,277
Repayments on credit facilities (3,374) (61,197)
Proceeds from issuance of common stock under employee stock plans 16,056 10,742
Tax payments related to restricted stock unit issuances (3,585) (4,870)
Payments for Repurchase of Common Stock (35,542) (11)
Cash dividends paid (37,617) (35,548)
Repayments of Related Party Debt 14,236 0
Net cash used in financing activities (74,924) (31,607)
Net effect of exchange rate changes on cash 7,142 1,729
Net decrease in cash and cash equivalents (139,584) (150,581)
Cash and cash equivalents, beginning of period 551,389 369,770
Cash and cash equivalents, end of period 411,805 219,189
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 25,282 14,601
Cash paid during the period for interest on note payable to related party 685 792
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 3,682 $ 3,656