XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 10,212 $ 19,685
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation 4,996 3,839
Amortization of intangible assets 7,797 5,195
Amortization of original issue discount and deferred financing costs $ 1,056 1,705
Loss on extinguishment of debt 1,368
Deferred income taxes $ 5,069 3,182
Share-based compensation expense 2,485 2,508
Other 81 9
Net changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 8,237 31,930
Inventories (10,752) (37,472)
Other assets (3,882) 255
Accounts payable (6,348) 2,619
Accrued wages and employee benefits 7,301 (2,304)
Other accrued liabilities 2,628 (456)
Excess tax benefits from equity awards (6,729) (6,806)
Net cash provided by operating activities 22,151 25,257
Investing activities    
Proceeds from sale of property and equipment 7 29
Expenditures for property and equipment (7,093) (6,528)
Acquisitions of businesses, net of cash acquired (61,280) 374
Net cash used in investing activities (68,366) (6,125)
Financing activities    
Proceeds from short-term borrowings 8,508 4,000
Repayments of short-term borrowings (4,151) (6,256)
Repayments of long-term borrowings and capital lease obligations (46) (50,375)
Cash dividends paid (76) (1,427)
Taxes paid related to the net share settlement of equity awards (12,070) (9,304)
Excess tax benefits from equity awards 6,729 6,806
Net cash used in financing activities (1,106) (56,556)
Effect of exchange rate changes on cash and cash equivalents 834 (2,252)
Net decrease in cash and cash equivalents (46,487) (39,676)
Cash and cash equivalents at beginning of period 115,857 189,761
Cash and cash equivalents at end of period $ 69,370 $ 150,085