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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 196,116 $ 190,185
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,078 14,216
Share-based compensation 8,359 8,862
Deferred income tax provision 3,984 5,634
Non-cash contribution to 401(k) plan 2,348 1,963
Provision for doubtful accounts 2,105 1,305
Excess tax benefits from share-based compensation   (1,983)
Gain on sale of property and equipment (204) (420)
Changes in operating assets and liabilities:    
Accounts receivable (96,692) (82,792)
Inventories (63,480) (80,165)
Accounts payable and other liabilities 83,549 45,358
Other, net (4,863) (2,405)
Net cash provided by operating activities 146,300 99,758
Cash flows from investing activities:    
Capital expenditures (8,989) (20,593)
Proceeds from sale of property and equipment 675 686
Net cash used in investing activities (8,314) (19,907)
Cash flows from financing activities:    
Dividends on Common and Class B common stock (90,298) (73,840)
Distributions to non-controlling interest (26,027) (13,266)
Net (repayments) proceeds under revolving credit agreement (25,900) 3,327
Net repayments under other long-term obligations (110) (112)
Excess tax benefits from share-based compensation   1,983
Proceeds from short-term borrowings   2,353
Net proceeds from issuances of common stock 4,962 4,528
Net cash used in financing activities (137,373) (75,027)
Effect of foreign exchange rate changes on cash and cash equivalents 68 (766)
Net increase in cash and cash equivalents 681 4,058
Cash and cash equivalents at beginning of period 35,229 24,447
Cash and cash equivalents at end of period $ 35,910 $ 28,505