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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows provided by operating activities:    
Net income $ 261,494 $ 59,322
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,550 43,757
Amortization of debt issuance costs, original issue discount and soft call premium 6,385 6,453
Amortization of inventory step-up adjustment to fair value   15,090
Asset impairment 6,719  
Gain on sale of business (74,856)  
Stock-based compensation 19,834 19,826
Provision for excess and obsolete inventory 15,349 11,045
Provision for bad debt 650 167
Deferred income taxes 6,641 (9,567)
Excess tax benefits from stock-based compensation   (678)
Other 832 125
Changes in operating assets and liabilities:    
Trade accounts receivable (26,489) (44,508)
Inventories (51,251) (5,077)
Income taxes 15,646 20,418
Other current and non-current assets (9,714) (12,134)
Accrued compensation 11,058 4,460
Other current and non-current liabilities 22,517 4,568
Accounts payable 7,071 14,110
Net cash provided by operating activities 274,436 127,377
Cash flows provided by investing activities:    
Acquisition of businesses, net of cash acquired   (939,591)
Net proceeds from sale of business 72,509  
Proceeds from sale of property, plant and equipment   40
Purchases of investments (199,012) (116,075)
Maturities of investments 116,779 148,606
Sales of investments 43,571 337,592
Purchases of property, plant and equipment (17,857) (11,959)
Net cash provided by (used in) investing activities 15,990 (581,387)
Cash flows used in financing activities:    
Restricted cash 5,012 (6,176)
Proceeds from short-term borrowings 12,968 15,434
Proceeds from long-term borrowings 190 743,746
Payments on short-term borrowings (13,277) (8,289)
Payments on long-term borrowings (178,141) (111,825)
Repurchase of common stock   (1,545)
Net payments related to employee stock awards (14,719) (3,108)
Dividend payments to common stockholders (28,403) (27,249)
Excess tax benefits from stock-based compensation   678
Net cash (used in) provided by financing activities (216,370) 601,666
Effect of exchange rate changes on cash and cash equivalents 3,298 (8,356)
Increase in cash and cash equivalents 77,354 139,300
Cash and cash equivalents at beginning of period 228,623 227,574
Cash and cash equivalents at end of period $ 305,977 $ 366,874