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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows provided by operating activities:    
Net income $ 185,500 $ 26,773
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,421 21,708
Amortization of debt issuance costs, original issue discount and soft call premium 3,742 2,408
Amortization of inventory step-up adjustment to fair value   10,119
Asset impairment 6,719  
Gain on sale of business (74,856)  
Stock-based compensation 14,989 14,668
Provision for excess and obsolete inventory 11,002 6,737
Provision for bad debt 511 85
Deferred income taxes 7,798 1,381
Excess tax benefits from stock-based compensation   (452)
Other 796 72
Changes in operating assets and liabilities:    
Trade accounts receivable (15,901) (35,874)
Inventories (34,056) 3,868
Income taxes 21,918 6,420
Other current and non-current assets (2,779) (12,998)
Accrued compensation (161) 391
Other current and non-current liabilities 4,970 (993)
Accounts payable 2,860 7,457
Net cash provided by operating activities 175,473 51,770
Cash flows provided by investing activities:    
Acquisition of businesses, net of cash acquired   (939,591)
Net proceeds from sale of business 72,509  
Purchases of investments (69,582) (99,261)
Maturities of investments 85,234 114,256
Sales of investments 25,319 336,276
Purchases of property, plant and equipment (9,739) (7,264)
Net cash provided by (used in) investing activities 103,741 (595,584)
Cash flows used in financing activities:    
Restricted cash (152) (5,559)
Proceeds from short-term borrowings 8,453 10,597
Proceeds from long-term borrowings 184 743,913
Payments on short-term borrowings (9,257) (2,239)
Payments on long-term borrowings (53,141) (50,000)
Repurchase of common stock   (1,545)
Net payments related to employee stock awards (13,413) (2,921)
Dividend payments to common stockholders (18,903) (18,141)
Excess tax benefits from stock-based compensation   452
Net cash (used in) provided by financing activities (86,229) 674,557
Effect of exchange rate changes on cash and cash equivalents 1,222 (4,042)
Increase in cash and cash equivalents 194,207 126,701
Cash and cash equivalents at beginning of period 228,623 227,574
Cash and cash equivalents at end of period $ 422,830 $ 354,275