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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows provided by operating activities:    
Net income $ 97,622 $ 321,260
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,863 59,906
Amortization of inventory step-up adjustment to fair value 7,624  
Amortization of debt issuance costs, original issue discount, and soft call premium 6,554 3,784
Stock-based compensation 42,140 22,005
Provision for excess and obsolete inventory 18,599 15,575
Provision for doubtful accounts 226 859
Deferred income taxes (9,067) (3,525)
Gain on sale of long-lived asset (6,773)  
Other 364 531
Changes in operating assets and liabilities, net of business acquired:    
Trade accounts receivable 9,284 (23,125)
Inventories (25,795) (80,441)
Income taxes (760) (13,874)
Other current and non-current assets (18,194) (17,652)
Accrued compensation (13,449) (15,529)
Other current and non-current liabilities 3,016 8,934
Accounts payable (23,992) (385)
Net cash provided by operating activities 167,262 278,323
Cash flows used in investing activities:    
Acquisition of business, net of cash acquired (988,599)  
Purchases of investments (171,316) (213,774)
Maturities of investments 93,344 135,339
Sales of investments 162,415 67,868
Proceeds from sale of assets 41,214  
Purchases of property, plant and equipment (44,753) (36,885)
Net cash used in investing activities (907,695) (47,452)
Cash flows provided by (used in) financing activities:    
Repurchase of common stock   (75,000)
Net proceeds from short and long-term borrowings 642,180 60,624
Payments on short-term borrowings (3,927) (57,865)
Payments on long-term borrowings (103,869) (50,002)
Net payments related to employee stock awards (11,728) (13,641)
Dividend payments to common stockholders (32,621) (31,608)
Net cash provided by (used in) financing activities 490,035 (167,492)
Effect of exchange rate changes on cash and cash equivalents (7,666) 2,584
(Decrease) increase in cash and cash equivalents (258,064) 65,963
Cash and cash equivalents at beginning of period 644,345 333,887
Cash and cash equivalents at end of period $ 386,281 $ 399,850