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, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 22,115 $ 16,938
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 27,778 23,234
Loss on disposal of property, plant, and equipment 507 229
Deferred income taxes 7,688 5,601
Stock-based compensation 5,939 5,208
Excess tax benefit from employee stock plans (6,342) (3,951)
Changes in operating assets and liabilities:    
Accounts receivable 139,730 112,340
Inventories (202,276) (114,716)
Prepaid expenses and other current assets (7,442) (7,357)
Other assets (3,018) 297
Accounts payable 78,252 60,089
Accrued liabilities (29,630) (23,095)
Income taxes payable (11,263) (13,596)
Other liabilities 2,098 1,733
Net cash provided by (used in) operating activities 24,136 62,954
Cash flows from investing activities:    
Acquisition of Business, Net of Cash Acquired 0 (188,467)
Purchases of short-term investments (38,208) (21,471)
Sales of short-term investments 19,213 86,206
Capital expenditures (28,365) (24,964)
Proceeds from sale of property, plant, and equipment 104 16
Net cash provided by (used in) investing activities (47,256) (148,680)
Cash flows from financing activities:    
Proceeds from credit facilities 260 1,045
Repayments on credit facilities (260) (1,045)
Proceeds from issuance of common stock under employee stock plans 14,371 19,017
Tax payments related to restricted stock unit issuances (4,531) (2,881)
Excess tax benefit from employee stock plans 6,342 3,951
Repurchase of Common Stock (14,525) 0
Proceeds from note payable to related party 0 16,072
Cash dividends paid (21,113) (19,556)
Net cash provided by (used in) financing activities (19,456) 16,603
Net effect of exchange rate changes on cash 80 (1,201)
Net increase (decrease) in cash and cash equivalents (42,496) (70,324)
Cash and cash equivalents, beginning of period 413,558 437,489
Cash and cash equivalents, end of period 371,062 367,165
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 24,088 21,842
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 4,044 $ 8,145