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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 115,541 $ 102,788
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 9,409 8,847
Share-based compensation 5,840 5,179
Deferred income tax provision 3,009 2,502
Non-cash contribution to 401(k) plan 1,963 1,759
Provision for doubtful accounts 476 416
Gain on sale of property and equipment (366) (108)
Excess tax benefits from share-based compensation (1,774) (1,443)
Changes in operating assets and liabilities:    
Accounts receivable (168,339) (150,758)
Inventories (124,477) (176,584)
Accounts payable and other liabilities 84,894 142,552
Other, net (303) (308)
Net cash used in operating activities (74,127) (65,158)
Cash flows from investing activities:    
Capital expenditures (14,633) (5,846)
Proceeds from sale of property and equipment 623 276
Net cash used in investing activities (14,010) (5,570)
Cash flows from financing activities:    
Net proceeds under revolving credit agreement 131,146 118,767
Net proceeds from issuances of common stock 3,235 1,732
Proceeds from short-term debt 2,569  
Excess tax benefits from share-based compensation 1,774 1,443
Payment of fees related to revolving credit agreement   (345)
Net (repayments of) proceeds from other long-term obligations (83) 318
Distributions to non-controlling interest (3,654) (25,817)
Dividends on Common and Class B common stock (49,165) (27,909)
Net cash provided by financing activities 85,822 68,189
Effect of foreign exchange rate changes on cash and cash equivalents (281) (74)
Net decrease in cash and cash equivalents (2,596) (2,613)
Cash and cash equivalents at beginning of period 24,447 19,478
Cash and cash equivalents at end of period $ 21,851 $ 16,865