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 ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 161,599,000 $ 118,671,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 43,544,000 44,660,000
Loss on disposal of property, plant, and equipment 1,979,000 970,000
Deferred income taxes 2,103,000 3,871,000
Stock-based compensation 10,247,000 8,277,000
Changes in operating assets and liabilities:    
Accounts receivable (125,433,000) (127,003,000)
Inventories (188,544,000) (56,576,000)
Prepaid expenses and other current assets (7,968,000) 2,959,000
Other assets (9,782,000) 1,567,000
Accounts payable (14,263,000) (30,716,000)
Accrued liabilities 38,193,000 1,595,000
Income taxes payable (7,200,000) 15,063,000
Other liabilities (2,541,000) 4,231,000
Net cash provided by operating activities (98,066,000) (12,431,000)
Cash flows from investing activities:    
Purchases of short-term investments (426,278,000) (50,697,000)
Proceeds from Sale, Maturity and Collection of Short-term Investments 252,727,000 32,878,000
Capital expenditures (45,189,000) (41,791,000)
Proceeds from sale of property, plant, and equipment 18,000 239,000
Net cash used in investing activities (218,722,000) (59,371,000)
Cash flows from financing activities:    
Proceeds from credit facilities 36,051,000 3,374,000
Repayments on credit facilities (27,740,000) (3,374,000)
Proceeds from issuance of common stock under employee stock plans 16,508,000 16,056,000
Tax payments related to restricted stock unit issuances (4,221,000) (3,585,000)
Payments for Repurchase of Common Stock (107,222,000) (35,542,000)
Cash dividends paid (46,160,000) (37,617,000)
Payments of Ordinary Dividends, Noncontrolling Interest (19,949,000) 0
Repayments of Related Party Debt 0 14,236,000
Net cash used in financing activities (152,733,000) (74,924,000)
Net effect of exchange rate changes on cash (7,500,000) 7,142,000
Net increase (decrease) in cash and cash equivalents (477,021,000) (139,584,000)
Cash, cash equivalents and restricted cash, beginning of period 673,166,000 551,389,000
Cash, cash equivalents and restricted cash, end of period 196,145,000 411,805,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 47,041,000 25,282,000
Cash paid during the period for interest on note payable to related party 0 685,000
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 7,380,000 $ 3,682,000