Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.4.0.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 34,194 $ 27,919
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 14,682 13,936
Loss on disposal of property, plant, and equipment 159 395
Deferred income taxes 1,323 7,319
Stock-based compensation 3,073 2,946
Excess tax benefit from employee stock plans 0 (5,213)
Changes in operating assets and liabilities:    
Accounts receivable 108,668 85,527
Inventories 68,511 14,680
Prepaid expenses and other current assets 3,642 (8,929)
Other assets (2,426) (807)
Accounts payable (104,419) (62,251)
Accrued liabilities (33,476) (38,933)
Income taxes payable 1,453 (8,675)
Other liabilities 1,612 793
Net cash provided by operating activities 96,996 28,707
Cash flows from investing activities:    
Purchases of short-term investments (20,781) (27,556)
Sales of short-term investments 0 1,760
Capital expenditures (10,048) (15,467)
Proceeds from sale of property, plant, and equipment 24 69
Net cash used in investing activities (30,805) (41,194)
Cash flows from financing activities:    
Proceeds from credit facilities 2,691 60
Repayments on credit facilities (4,631) (60)
Proceeds from issuance of common stock under employee stock plans 7,417 11,101
Tax payments related to restricted stock unit issuances (4,756) (4,440)
Excess tax benefit from employee stock plans 0 5,213
Cash dividends paid (11,841) (10,557)
Net cash provided by (used in) financing activities (11,120) 1,317
Net effect of exchange rate changes on cash 5,159 (784)
Net increase (decrease) in cash and cash equivalents 60,230 (11,954)
Cash and cash equivalents, beginning of period 369,770 413,558
Cash and cash equivalents, end of period 430,000 401,604
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 8,381 15,672
Cash paid during the period for interest on note payable to related party 267 281
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 2,582 $ 2,742