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, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 16,938 $ 2,772
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 23,234 19,891
Loss on disposal or impairment of property, plant, and equipment 229 299
Deferred income taxes 5,601 3,185
Stock-based compensation 5,208 4,282
Excess tax benefit from employee stock plans (3,951) (925)
Changes in operating assets and liabilities:    
Accounts receivable 112,340 153,383
Inventories (114,716) (60,449)
Prepaid expenses and other current assets (7,357) (8,446)
Other assets 297 116
Accounts payable 60,089 40,078
Accrued liabilities (23,095) (20,150)
Income taxes payable (13,596) 1,017
Other liabilities 1,733 650
Net cash provided by (used in) operating activities 62,954 135,703
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (188,467) 0
Purchases of short-term investments (21,471) (61,286)
Sales of short-term investments 86,206 16,437
Capital expenditures (24,964) (31,502)
Proceeds from sale of property, plant, and equipment 16 45
Net cash provided by (used in) investing activities (148,680) (76,306)
Cash flows from financing activities:    
Proceeds from credit facilities 1,045 4,075
Repayments on credit facilities (1,045) (4,231)
Proceeds from issuance of common stock under employee stock plans 19,017 11,050
Tax payments related to restricted stock unit issuances (2,881) (2,019)
Excess tax benefit from employee stock plans 3,951 925
Proceeds from note payable to related party 16,072 0
Capital contribution from non-controlling interest 0 8,000
Cash dividends paid (19,556) (15,081)
Net cash provided by (used in) financing activities 16,603 2,719
Net effect of exchange rate changes on cash (1,201) (12,469)
Net increase (decrease) in cash and cash equivalents (70,324) 49,647
Cash and cash equivalents, beginning of period 437,489 290,781
Cash and cash equivalents, end of period 367,165 340,428
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 21,842 3,058
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 8,145 $ 3,885