Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 48,729 $ 38,885
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,536 14,940
Loss on disposal of property, plant, and equipment 20 160
Deferred income taxes 3,252 4,426
Stock-based compensation 3,113 2,941
Changes in operating assets and liabilities:    
Accounts receivable 115,414 76,619
Inventories 32,133 94,487
Prepaid expenses and other current assets (1,912) (2,139)
Other assets (2,340) 1,336
Accounts payable (87,492) (122,824)
Accrued liabilities (45,000) (18,961)
Income taxes payable (6,038) (1,738)
Other liabilities 2,937 97
Net cash provided by operating activities 77,352 88,229
Cash flows from investing activities:    
Purchases of short-term investments (33,178) (33,813)
Proceeds from Sale, Maturity and Collection of Short-term Investments 37,121 0
Capital expenditures (12,290) (11,275)
Proceeds from sale of property, plant, and equipment 19 27
Net cash used in investing activities (8,328) (45,061)
Cash flows from financing activities:    
Proceeds from credit facilities 0 400
Repayments on credit facilities 0 (400)
Proceeds from issuance of common stock under employee stock plans 9,380 7,791
Tax payments related to restricted stock unit issuances (4,033) (3,513)
Payments for Repurchase of Common Stock (18,099) (33,000)
Cash dividends paid (15,452) (12,499)
Repayments of Related Party Debt 14,171  
Net cash used in financing activities (28,204) (41,221)
Net effect of exchange rate changes on cash 3,230 2,670
Net increase in cash and cash equivalents 44,050 4,617
Cash and cash equivalents, beginning of period 673,166 551,389
Cash and cash equivalents, end of period 717,216 556,006
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 24,510 12,951
Cash paid during the period for interest on note payable to related party 0 253
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 4,000 $ 4,206