Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 112,873 $ 115,055
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,478 41,921
Loss on disposal of property, plant, and equipment 3,646 679
Deferred income taxes 927 3,181
Stock-based compensation 8,454 8,731
Excess tax benefit from employee stock plans 0 (7,642)
Changes in operating assets and liabilities:    
Accounts receivable (106,906) (195,018)
Inventories (103,475) (173,444)
Prepaid expenses and other current assets 429 2,762
Other assets (2,552) (2,676)
Accounts payable (82,590) (41,327)
Accrued liabilities 10,999 16,747
Income taxes payable 26,045 16,799
Other liabilities 2,505 3,367
Net cash used in operating activities (85,167) (210,865)
Cash flows from investing activities:    
Purchases of short-term investments (21,263) (38,208)
Sales of short-term investments 21,263 64,980
Capital expenditures (35,588) (47,796)
Proceeds from sale of property, plant, and equipment 52 126
Net cash used in investing activities (35,536) (20,898)
Cash flows from financing activities:    
Proceeds from credit facilities 59,277 36,519
Repayments on credit facilities (61,197) (15,343)
Proceeds from issuance of common stock under employee stock plans 10,742 16,901
Tax payments related to restricted stock unit issuances (4,870) (4,633)
Excess tax benefit from employee stock plans 0 7,642
Payments for Repurchase of Common Stock (11) (14,525)
Cash dividends paid (35,548) (31,667)
Net cash used in financing activities (31,607) (5,106)
Net effect of exchange rate changes on cash 1,729 (3,279)
Net decrease in cash and cash equivalents (150,581) (240,148)
Cash and cash equivalents, beginning of period 369,770 413,558
Cash and cash equivalents, end of period 219,189 173,410
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 14,601 26,413
Cash paid during the period for interest on note payable to related party 792 834
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 3,656 $ 9,150