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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 115,598 $ 115,541
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 10,043 9,409
Share-based compensation 5,474 5,840
Non-cash contribution to 401(k) plan 2,348 1,963
Deferred income tax provision 2,261 3,009
Provision for doubtful accounts 1,329 476
Gain on sale of property and equipment (356) (366)
Excess tax benefits from share-based compensation   (1,774)
Changes in operating assets and liabilities:    
Accounts receivable (153,702) (168,339)
Inventories (72,370) (124,477)
Accounts payable and other liabilities 130,840 84,894
Other, net 468 (303)
Net cash provided by (used in) operating activities 41,933 (74,127)
Cash flows from investing activities:    
Capital expenditures (5,618) (14,633)
Proceeds from sale of property and equipment 624 623
Net cash used in investing activities (4,994) (14,010)
Cash flows from financing activities:    
Dividends on Common and Class B common stock (60,164) (49,165)
Distributions to non-controlling interest (7,114) (3,654)
Net repayments of other long-term obligations (60) (83)
Excess tax benefits from share-based compensation   1,774
Proceeds from short-term borrowings 793 2,569
Net proceeds from issuances of common stock 2,842 3,235
Net proceeds under revolving credit agreement 22,025 131,146
Net cash (used in) provided by financing activities (41,678) 85,822
Effect of foreign exchange rate changes on cash and cash equivalents 54 (281)
Net decrease in cash and cash equivalents (4,685) (2,596)
Cash and cash equivalents at beginning of period 35,229 24,447
Cash and cash equivalents at end of period $ 30,544 $ 21,851