Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.3.0.814
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 115,055 $ 84,870
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 41,921 38,625
Loss on disposal of property, plant, and equipment 679 350
Deferred income taxes 3,181 82
Stock-based compensation 8,731 8,136
Excess tax benefit from employee stock plans (7,642) (4,029)
Changes in operating assets and liabilities:    
Accounts receivable (195,018) (139,578)
Inventories (173,444) (163,874)
Prepaid expenses and other current assets 2,762 (7,990)
Other assets (2,676) 303
Accounts payable (41,327) 44,775
Accrued liabilities 16,747 23,957
Income taxes payable 16,799 1,846
Other liabilities 3,367 3,998
Net cash used in operating activities (210,865) (108,529)
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 64,980 112,895
Capital expenditures (47,796) (42,843)
Proceeds from sale of property, plant, and equipment 126 58
Net cash used in investing activities (20,898) (139,828)
Cash flows from financing activities:    
Proceeds from credit facilities 36,519 15,287
Repayments on credit facilities (15,343) (12,999)
Proceeds from issuance of common stock under employee stock plans 16,901 19,293
Tax payments related to restricted stock unit issuances (4,633) (2,969)
Excess tax benefit from employee stock plans 7,642 4,029
Repurchase of Common Stock (14,525) (7)
Proceeds from note payable to related party 0 16,072
Cash dividends paid (31,667) (29,369)
Net cash provided by (used in) financing activities (5,106) 9,337
Net effect of exchange rate changes on cash (3,279) (13,222)
Net increase in cash and cash equivalents (240,148) (252,242)
Cash and cash equivalents, beginning of period 413,558 437,489
Cash and cash equivalents, end of period 173,410 185,247
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 26,413 28,040
Cash paid during the period for interest on note payable to related party 834 554
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid 9,150 5,796
Repurchase of common stock not yet paid $ 0 $ 1,950