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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 150,641 $ 124,615
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 11,027 10,934
Share-based compensation 7,336 6,264
Deferred income tax provision 1,569 2,739
Other income from investment in unconsolidated entity (4,795)  
Other, net 3,260 1,740
Changes in operating assets and liabilities:    
Accounts receivable (183,105) (134,952)
Inventories (113,831) (83,523)
Accounts payable and other liabilities 107,908 107,344
Other, net 734 (151)
Net cash (used in) provided by operating activities (19,256) 35,010
Cash flows from investing activities:    
Capital expenditures (8,824) (10,312)
Proceeds from sale of property and equipment 86 75
Investment in unconsolidated entity   (63,600)
Net cash used in investing activities (8,738) (73,837)
Cash flows from financing activities:    
Net proceeds under revolving credit agreement 119,800 144,006
Net proceeds from issuances of common stock 4,741 1,912
Proceeds from short-term borrowings 1,510 1,676
Purchase of additional ownership from non-controlling interest   (42,688)
Proceeds from non-controlling interest for investment in unconsolidated entity   12,720
Net repayments of other long-term obligations (121) (100)
Distributions to non-controlling interest (2,178) (6,799)
Repurchases of common stock to satisfy employee withholding tax obligations (2,213) (2,771)
Dividends on Common and Class B common stock (100,765) (74,835)
Net cash provided by financing activities 20,774 33,121
Effect of foreign exchange rate changes on cash and cash equivalents (1,276) 730
Net decrease in cash and cash equivalents (8,496) (4,976)
Cash and cash equivalents at beginning of period 80,496 56,010
Cash and cash equivalents at end of period $ 72,000 $ 51,034