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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 51,805 $ 43,866
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 34,902 34,401
Amortization 2,429 1,486
Stock based compensation 7,748 10,104
Provision for doubtful accounts 147 13
Deferred income taxes (2,492) (867)
Defined benefit plan expense 4,239 4,194
Equity in results of affiliates 48 121
Changes in balance sheet items, excluding effects from foreign currency adjustments:    
Accounts and other receivables (35,865) (70,863)
Inventories (7,913) (1,792)
Prepaid and other current assets (13,320) (14,646)
Accounts payable and accrued liabilities 26,269 11,362
Income taxes payable 1,981 (737)
Retirement and deferred compensation plan liabilities (21,272) (15,151)
Other changes, net (7,733) 10,386
Net Cash Provided by Operations 40,973 11,877
Cash Flows from Investing Activities:    
Capital expenditures (34,848) (24,218)
Proceeds from sale of property and equipment, including insurance proceeds 989 1,234
Maturity of short-term investments   29,485
Acquisition of business, net of cash acquired   (202,985)
Acquisition of intangible assets   (2,514)
Investment in unconsolidated affiliate (5,000)  
Notes receivable, net 445 319
Net Cash Used by Investing Activities (38,414) (198,679)
Cash Flows from Financing Activities:    
Proceeds from (repayments of) notes payable (163,665) 75,180
Proceeds from long-term obligations   101
Repayments of long-term obligations (2,268) (1,047)
Dividends paid (19,937) (18,770)
Proceeds from stock option exercises 15,908 20,960
Common stock repurchased and retired (16,019) (8,641)
Excess tax benefit from exercise of stock options   3,764
Net Cash (Used) Provided by Financing Activities (185,981) 71,547
Effect of Exchange Rate Changes on Cash 1,862 11,326
Net (Decrease) Increase in Cash and Equivalents (181,560) (103,929)
Cash and Equivalents at Beginning of Period 466,287 489,901
Cash and Equivalents at End of Period $ 284,727 $ 385,972