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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net earnings $ 352,820 $ 338,241 $ 306,094
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 33,087 33,617 34,765
Amortization 30,951 29,185 24,539
Deferred tax provision 7,258 13,033 8,816
Excess tax benefits from share-based payment arrangements (12,929) (3,557) (1,847)
Share-based compensation 14,223 13,611 12,639
Other 155 211 498
Increase (decrease) in cash resulting from changes in:      
Trade accounts receivable, net 1,625 7,492 (28,995)
Inventories (18,785) (9,302) (8,484)
Other current assets (5,119) 4,392 1,606
Trade accounts payable 1,698 6,298 295
Taxes payable 2,758 1,868 (3,540)
Accruals and other 19,126 (16,177) (458)
Net cash provided by operating activities 426,868 418,912 345,928
Cash flows from investing activities:      
Proceeds from sale of property, plant and equipment 949 728 211
Purchase of property, plant and equipment (82,506) (89,388) (82,349)
Acquisitions (13,779) (5,784) (2,661)
Net hedging settlements on intercompany loans 5,415 (123) 1,224
Net cash used in investing activities (100,751) (94,321) (86,023)
Cash flows from financing activities:      
Proceeds from borrowings 741,864 628,832 556,059
Repayments of borrowings (594,477) (585,867) (531,045)
Proceeds from exercise of stock options 29,556 21,047 19,745
Repurchases of common stock (494,966) (414,000) (294,976)
Excess tax benefits from share-based payment arrangements 12,929 3,557 1,847
Acquisition Contingent Consideration Payment (572) (859) 0
Debt issuance costs (1,366) (941) (1,522)
Net cash provided by (used in) financing activities (307,032) (348,231) (249,892)
Effect of exchange rate changes on cash and cash equivalents (5,461) (2,971) 159
Net increase (decrease) in cash and cash equivalents 13,624 (26,611) 10,172
Cash and cash equivalents:      
Cash and Cash Equivalents, at Carrying Value, Beginning 85,263 111,874 101,702
Cash and Cash Equivalents, at Carrying Value, End 98,887 85,263 111,874
Supplemental disclosures of cash flow information:      
Interest 27,303 23,219 22,121
Taxes $ 85,458 $ 95,143 $ 83,200