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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 140,386 $ 392,896 $ 339,132
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 110,034 79,853 82,556
Amortization of inventory step-up adjustment to fair value 7,624    
Amortization of debt issuance cost and original issue discount 7,074 4,718 10,699
Stock-based compensation 49,194 27,262 24,378
Provision for excess and obsolete inventory 24,734 22,324 20,213
Provision for doubtful accounts (728) 1,435 825
Deferred income taxes (4,215) (19,388) (4,831)
Gain on sale of long-lived asset (6,773)    
Gain on sale of business     (74,856)
Asset impairment 4,662   6,719
Other 870 2,649 824
Changes in operating assets and liabilities, net of business acquired:      
Trade accounts receivable (93) (546) (44,077)
Inventories (29,289) (73,779) (72,471)
Income taxes payable (12,374) (11,430) 12,805
Other current and non-current assets (9,830) (1,639) (8,631)
Current and non-current accrued compensation (4,191) (8,649) 32,502
Other current and non-current liabilities (8,424) (3,948) 18,030
Accounts payable (24,152) 2,023 11,405
Net cash provided by operating activities 244,509 413,781 355,222
Cash flows (used in) provided by investing activities:      
Acquisition of business, net of cash acquired (988,599)    
Net proceeds from sale of business     72,509
Purchases of investments (246,315) (253,598) (229,557)
Maturities of investments 142,571 181,749 157,342
Sales of investments 166,915 207,542 53,564
Proceeds from sale of assets 42,079    
Purchases of property, plant and equipment (63,904) (62,941) (31,287)
Other     66
Net cash (used in) provided by investing activities (947,253) 72,752 22,637
Cash flows provided by (used in) financing activities:      
Net proceeds from short and long-term borrowings 642,207 67,669 28,551
Payments of short-term borrowings (5,375) (67,163) (29,711)
Payments of long-term borrowings (106,116) (50,003) (228,141)
Repurchases of common stock   (75,000)  
Dividend payments (43,528) (42,405) (38,178)
Net payments related to employee stock awards (11,010) (11,104) (12,216)
Net cash provided by (used in) financing activities 476,178 (178,006) (279,695)
Effect of exchange rate changes on cash and cash equivalents (3,207) 1,931 1,813
(Decrease) increase in cash and cash equivalents (229,773) 310,458 99,977
Cash and cash equivalents at beginning of period 644,345 333,887 233,910
Cash and cash equivalents at end of period 414,572 644,345 333,887
Cash paid during the period for:      
Interest 39,899 14,593 20,467
Income Taxes Paid $ 35,512 $ 91,765 $ 104,691