Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.7.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 38,885 $ 34,194
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,940 14,682
Loss on disposal of property, plant, and equipment 160 159
Deferred income taxes 4,426 1,323
Stock-based compensation 2,941 3,073
Changes in operating assets and liabilities:    
Accounts receivable 76,619 108,668
Inventories 94,487 68,511
Prepaid expenses and other current assets (2,139) 3,642
Other assets 1,336 (2,426)
Accounts payable (122,824) (104,419)
Accrued liabilities (18,961) (33,476)
Income taxes payable (1,738) 1,453
Other liabilities 97 1,612
Net cash provided by operating activities 88,229 96,996
Cash flows from investing activities:    
Purchases of short-term investments (33,813) (20,781)
Capital expenditures (11,275) (10,048)
Proceeds from sale of property, plant, and equipment 27 24
Net cash used in investing activities (45,061) (30,805)
Cash flows from financing activities:    
Proceeds from credit facilities 400 2,691
Repayments on credit facilities (400) (4,631)
Proceeds from issuance of common stock under employee stock plans 7,791 7,417
Tax payments related to restricted stock unit issuances (3,513) (4,756)
Payments for Repurchase of Common Stock (33,000) 0
Cash dividends paid (12,499) (11,841)
Net cash used in financing activities (41,221) (11,120)
Net effect of exchange rate changes on cash 2,670 5,159
Net increase in cash and cash equivalents 4,617 60,230
Cash and cash equivalents, beginning of period 551,389 369,770
Cash and cash equivalents, end of period 556,006 430,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 12,951 8,381
Cash paid during the period for interest on note payable to related party 253 267
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 4,206 $ 2,582