XML 28 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net earnings $ 384,370 $ 352,820 $ 338,241
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 32,743 33,087 33,617
Amortization 36,052 30,951 29,185
Deferred tax provision 1,878 7,137 15,362
Excess tax benefits from share-based payment arrangements (17,680) (12,929) (3,557)
Share-based compensation 15,306 14,223 13,611
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, before Tax 8,189 0 0
Other 181 155 211
Increase (decrease) in cash resulting from changes in:      
Trade accounts receivable, net (52,151) 1,625 7,492
Inventories (12,431) (18,785) (9,302)
Other current assets 291 (5,119) 4,392
Trade accounts payable 9,633 1,698 6,298
Taxes payable (3,072) 2,879 (461)
Accruals and other 39,769 19,126 (16,177)
Net cash provided by operating activities 443,078 426,868 418,912
Cash flows from investing activities:      
Proceeds from sale of property, plant and equipment 423 949 728
Purchase of property, plant and equipment (123,957) (82,506) (89,388)
Acquisitions (111,381) (13,779) (5,784)
Net hedging settlements on intercompany loans (3,459) 5,415 (123)
Net cash used in investing activities (231,456) (100,751) (94,321)
Cash flows from financing activities:      
Proceeds from borrowings 905,774 741,864 628,832
Repayments of borrowings (594,178) (594,477) (585,867)
Proceeds from exercise of stock options 25,471 29,556 21,047
Repurchases of common stock (499,992) (494,966) (414,000)
Excess tax benefits from share-based payment arrangements 17,680 12,929 3,557
Acquisition Contingent Consideration Payment (471) (572) (859)
Debt issuance costs (209) (1,366) (941)
Net cash provided by (used in) financing activities (145,925) (307,032) (348,231)
Effect of exchange rate changes on cash and cash equivalents (5,910) (5,461) (2,971)
Net increase (decrease) in cash and cash equivalents 59,787 13,624 (26,611)
Cash and cash equivalents:      
Cash and Cash Equivalents, at Carrying Value, Beginning 98,887 85,263 111,874
Cash and Cash Equivalents, at Carrying Value, End 158,674 98,887 85,263
Supplemental disclosures of cash flow information:      
Interest 28,025 27,303 23,219
Taxes $ 92,586 $ 85,458 $ 95,143