Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 26,321 $ 22,115
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,491 27,778
Loss on disposal of property, plant, and equipment 3,460 507
Deferred income taxes 1,514 7,688
Stock-based compensation 5,453 5,939
Excess tax benefit from employee stock plans 0 (6,342)
Changes in operating assets and liabilities:    
Accounts receivable 187,132 139,730
Inventories (167,461) (202,276)
Prepaid expenses and other current assets (1,968) (7,442)
Other assets (3,125) (3,018)
Accounts payable 53,458 78,252
Accrued liabilities (33,456) (29,630)
Income taxes payable (1,020) (11,263)
Other liabilities 2,903 2,098
Net cash provided by operating activities 102,702 24,136
Cash flows from investing activities:    
Purchases of short-term investments (21,263) (38,208)
Sales of short-term investments 8,855 19,213
Capital expenditures (22,972) (28,365)
Proceeds from sale of property, plant, and equipment 40 104
Net cash used in investing activities (35,340) (47,256)
Cash flows from financing activities:    
Proceeds from credit facilities 19,625 260
Repayments on credit facilities (19,202) (260)
Proceeds from issuance of common stock under employee stock plans 9,102 14,371
Tax payments related to restricted stock unit issuances (4,806) (4,531)
Excess tax benefit from employee stock plans 0 6,342
Payments for Repurchase of Common Stock 0 14,525
Cash dividends paid (23,689) (21,113)
Net cash used in financing activities (18,970) (19,456)
Net effect of exchange rate changes on cash (2,218) 80
Net increase (decrease) in cash and cash equivalents 46,174 (42,496)
Cash and cash equivalents, beginning of period 369,770 413,558
Cash and cash equivalents, end of period 415,944 371,062
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 11,805 24,088
Cash paid during the period for interest on note payable to related party 532 555
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 4,856 $ 4,044