Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.3.0.15
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:    
Net income $ 66,751 $ 50,829
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 32,115 27,899
Loss on disposal or impairment of property, plant, and equipment 229 665
Deferred income taxes 3,183 (2,714)
Stock-based compensation 5,855 5,004
Excess tax benefit from employee stock plans (1,814) (427)
Changes in operating assets and liabilities:    
Accounts receivable (121,949) (135,337)
Inventories (122,998) (132,663)
Prepaid expenses and other current assets (19,286) (3,146)
Other assets (1,521) (997)
Accounts payable 11,363 37,720
Accrued liabilities 15,819 34,546
Income taxes payable (11,343) 4,993
Other liabilities 1,571 5,540
Net cash used in operating activities (142,025) (108,088)
Cash flows from investing activities:    
Purchases of short-term investments (45,799) (52,602)
Sales of short-term investments 112,070 13,024
Capital expenditures (40,171) (20,997)
Proceeds from sale of property, plant, and equipment 168 30
Acquisitions, net of cash acquired 0 (16,315)
Net cash provided by (used in) investing activities 26,268 (76,860)
Cash flows from financing activities:    
Proceeds from credit facilities 62,148 26,107
Repayments on credit facilities (62,148) (26,107)
Proceeds from issuance of common stock under employee stock plans 10,342 5,508
Tax payments related to restricted stock unit issuances (2,942) (786)
Excess tax benefit from employee stock plans 1,814 427
Repurchase of common stock (16,429) (13,838)
Cash dividends paid (21,677) (18,208)
Net cash used in financing activities (28,892) (26,897)
Net effect of exchange rate changes on cash (1,666) (882)
Net decrease in cash and cash equivalents (146,315) (212,727)
Cash and cash equivalents, beginning of period 234,257 386,664
Cash and cash equivalents, end of period 87,942 173,937
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 100 53
Cash paid during the period for income taxes 27,480 10,154
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 1,195 1,525
Repurchase of common stock not yet paid $ 2,896 $ 0