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, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 23,676 $ 10,102
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 10,252 9,858
Loss on disposal or impairment of property, plant, and equipment 185 43
Deferred income taxes 4,399 2,624
Stock-based compensation 2,577 1,950
Excess tax benefit from employee stock plans (2,557) (574)
Changes in operating assets and liabilities:    
Accounts receivable 57,763 95,995
Inventories 39,031 38,075
Prepaid expenses and other current assets (1,921) (3,186)
Other assets 382 (1,752)
Accounts payable (64,759) (69,839)
Accrued liabilities (25,758) (16,470)
Income taxes payable (621) (1,769)
Other liabilities 847 778
Net cash provided by (used in) operating activities 43,496 65,835
Cash flows from investing activities:    
Purchases of short-term investments (2,788) (26,947)
Sales of short-term investments 55,200 630
Capital expenditures (17,763) (14,770)
Proceeds from sale of property, plant, and equipment 16 41
Net cash provided by (used in) investing activities 34,665 (41,046)
Cash flows from financing activities:    
Proceeds from credit facilities 0 800
Repayments on credit facilities 0 (956)
Proceeds from issuance of common stock under employee stock plans 11,168 6,005
Tax payments related to restricted stock unit issuances (2,791) (1,891)
Excess tax benefit from employee stock plans 2,557 574
Proceeds from note payable to related party 16,072 0
Cash dividends paid (9,762) (7,521)
Net cash provided by (used in) financing activities 17,244 (2,989)
Net effect of exchange rate changes on cash (4,856) (8,927)
Net increase (decrease) in cash and cash equivalents 90,549 12,873
Cash and cash equivalents, beginning of period 437,489 290,781
Cash and cash equivalents, end of period 528,038 303,654
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 8,002 3,507
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 1,260 $ 3,803