v2.3.0.11
Consolidated Condensed Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 104,888 $ 91,842
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,797 20,011
Stock-based compensation expense 6,602 5,112
Deferred income taxes (6) (1,097)
Excess tax benefit from share-based payments (4,053) (5,953)
Gain on sale of discontinued operations   (2,744)
Loss on debt extinguishment 5,345  
Other (498) 1,376
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:    
Receivables (24,769) (1,484)
Inventory (19,578) (24,672)
Prepaid income taxes/income taxes payable 14,786 18,223
Accounts payable (4,525) (393)
Other operating assets and liabilities (1,909) 970
Net cash provided by operating activities 101,080 101,191
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (42,540) (20,847)
Proceeds from sales of property and equipment 162 236
Proceeds from sale of businesses, net of cash sold   11,992
Cash used in acquisitions, net of cash acquired (95,591) (13,742)
Net cash used in investing activities (137,969) (22,361)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 5,109 5,136
Excess tax benefit from share-based payments 4,053 5,953
Debt issuance costs (8,190)  
Borrowings under line of credit 401,753  
Repayments under line of credit (74,328)  
Borrowings under term loan 250,000  
Repayments under term loans (594,214) (7,476)
Repayments of other long-term debt (716) (1,105)
Net cash (used in) provided by financing activities (16,533) 2,508
Effect of exchange rate changes on cash and equivalents (11) 233
Net (decrease) increase in cash and equivalents (53,433) 81,571
Cash and equivalents, beginning of period 95,689 108,906
Cash and equivalents, end of period 42,256 190,477
Supplemental disclosure of cash flow information:    
Purchase price payable, including notes issued in connection with business acquisitions 4,375 2,381
Cash paid for income taxes, net of refunds 51,238 39,697
Cash paid for interest 11,140 14,071
Property and equipment purchases not yet paid $ 1,673 $ 139