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
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 27,569 $ 26,321
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,932 29,491
Loss on disposal of property, plant, and equipment 441 3,460
Deferred income taxes 3,378 1,514
Stock-based compensation 5,719 5,453
Changes in operating assets and liabilities:    
Accounts receivable 156,755 187,132
Inventories (61,809) (167,461)
Prepaid expenses and other current assets (3,073) (1,968)
Other assets 2,037 (3,125)
Accounts payable 39,773 53,458
Accrued liabilities (41,523) (33,456)
Income taxes payable (4,133) (1,020)
Other liabilities 1,981 2,903
Net cash provided by operating activities 157,047 102,702
Cash flows from investing activities:    
Purchases of short-term investments (33,813) (21,263)
Proceeds from Sale, Maturity and Collection of Short-term Investments 32,878 8,855
Capital expenditures (24,323) (22,972)
Proceeds from sale of property, plant, and equipment 202 40
Net cash used in investing activities (25,056) (35,340)
Cash flows from financing activities:    
Proceeds from credit facilities 2,774 19,625
Repayments on credit facilities (2,774) (19,202)
Proceeds from issuance of common stock under employee stock plans 10,606 9,102
Tax payments related to restricted stock unit issuances (3,539) (4,806)
Payments for Repurchase of Common Stock (35,542) 0
Cash dividends paid (25,046) (23,689)
Repayments of Related Party Debt 14,236 0
Net cash used in financing activities (67,757) (18,970)
Net effect of exchange rate changes on cash 5,016 (2,218)
Net increase in cash and cash equivalents 69,250 46,174
Cash and cash equivalents, beginning of period 551,389 369,770
Cash and cash equivalents, end of period 620,639 415,944
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 18,133 11,805
Cash paid during the period for interest on note payable to related party 501 532
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 9,191 $ 4,856