Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 84,870 $ 57,322
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 38,625 30,337
Loss on disposal or impairment of property, plant, and equipment 350 370
Deferred income taxes 82 2,173
Stock-based compensation 8,136 6,532
Excess tax benefit from employee stock plans (4,029) (1,083)
Changes in operating assets and liabilities:    
Accounts receivable (139,578) (43,712)
Inventories (163,874) (46,795)
Prepaid expenses and other current assets (7,990) 114
Other assets 303 330
Accounts payable 44,775 (1,521)
Accrued liabilities 23,957 11,654
Income taxes payable 1,846 7,530
Other liabilities 3,998 472
Net cash provided by (used in) operating activities (108,529) 23,723
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 112,895 77,166
Capital expenditures (42,843) (49,157)
Proceeds from sale of property, plant, and equipment 58 49
Net cash used in investing activities (139,828) (33,228)
Cash flows from financing activities:    
Proceeds from credit facilities 15,287 36,896
Repayments on credit facilities (12,999) (37,052)
Proceeds from issuance of common stock under employee stock plans 19,293 14,199
Tax payments related to restricted stock unit issuances (2,969) (2,144)
Excess tax benefit from employee stock plans 4,029 1,083
Repurchase of common stock (7) 0
Proceeds from note payable to related party 16,072 0
Capital contribution from non-controlling interest 0 8,000
Cash dividends paid (29,369) (22,665)
Net cash provided by (used in) financing activities 9,337 (1,683)
Net effect of exchange rate changes on cash (13,222) (5,433)
Net decrease in cash and cash equivalents (252,242) (16,621)
Cash and cash equivalents, beginning of period 437,489 290,781
Cash and cash equivalents, end of period 185,247 274,160
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 28,040 7,867
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid 5,796 1,259
Repurchase of common stock not yet paid $ 1,950