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
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 59,224 $ 27,569
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,067 29,932
Loss on disposal of property, plant, and equipment 578 441
Deferred income taxes 2,041 3,378
Stock-based compensation 6,599 5,719
Changes in operating assets and liabilities:    
Accounts receivable 188,897 156,755
Inventories (140,897) (61,809)
Prepaid expenses and other current assets (6,411) (3,073)
Other assets (11,867) 2,037
Accounts payable 37,968 39,773
Accrued liabilities (49,781) (41,523)
Income taxes payable (12,835) (4,133)
Other liabilities (3,258) 1,981
Net cash provided by operating activities 99,325 157,047
Cash flows from investing activities:    
Purchases of short-term investments (257,979) (33,813)
Proceeds from Sale, Maturity and Collection of Short-term Investments 88,794 32,878
Capital expenditures (29,618) (24,323)
Proceeds from sale of property, plant, and equipment 19 202
Net cash used in investing activities (198,784) (25,056)
Cash flows from financing activities:    
Proceeds from credit facilities 0 2,774
Repayments on credit facilities 0 (2,774)
Proceeds from issuance of common stock under employee stock plans 14,971 10,606
Tax payments related to restricted stock unit issuances (4,131) (3,539)
Payments for Repurchase of Common Stock (40,106) (35,542)
Cash dividends paid (30,856) (25,046)
Repayments of Related Party Debt 0 14,236
Net cash used in financing activities (60,122) (67,757)
Net effect of exchange rate changes on cash (2,929) 5,016
Net increase (decrease) in cash and cash equivalents (162,510) 69,250
Cash and cash equivalents, beginning of period 673,166 551,389
Cash and cash equivalents, end of period 510,656 620,639
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 31,346 18,133
Cash paid during the period for interest on note payable to related party 0 501
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 4,009 $ 9,191