v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 26,494 $ 31,228
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 46,064 34,347
Unrealized foreign currency exchange rate (gains) losses 19,223 (100)
Loss on disposal of property and equipment 260 73
Stock-based compensation 21,296 23,860
Deferred Income Taxes and Tax Credits (15,539) (7,388)
Changes in reserves and allowances 10,710 1
Changes in operating assets and liabilities:    
Accounts receivable (85,104) (53,090)
Inventories (312,745) (195,406)
Prepaid expenses and other assets (21,082) (16,514)
Accounts payable 170,131 175,674
Accrued expenses and other liabilities 643 (14,286)
Income taxes payable and receivable (40,264) (24,065)
Net cash used in operating activities (179,913) (45,666)
Cash flows from investing activities    
Purchase of property and equipment (165,485) (68,901)
Payments to Acquire Businesses, Net of Cash Acquired (539,460) (10,924)
Payments to Acquire Productive Assets (2,321) (260)
Net cash used in investing activities (707,266) (80,085)
Cash flows from financing activities    
Proceeds from Lines of Credit 300,000 0
Payments on revolving credit facility 0 (100,000)
Proceeds From Term Loan 150,000 150,000
Payments on long term debt (18,461) (6,286)
Excess tax benefits from stock-based compensation arrangements 37,672 26,301
Proceeds from exercise of stock options and other stock issuances 4,944 10,196
Payments of deferred financing costs (947) (1,714)
Net cash provided by financing activities 473,208 78,497
Effect of exchange rate changes on cash and cash equivalents (7,968) 199
Net decrease in cash and cash equivalents (421,939) (47,055)
Cash and cash equivalents    
Beginning of period 593,175 347,489
End of period 171,236 300,434
Noncash or Part Noncash Acquisition, Fixed Assets Acquired (5,693) (9,100)
Noncash or Part Noncash Acquisition, Fixed Assets Acquired Under Build-to-Suit Leases 5,631 0
Noncash or Part Noncash Acquisition, Value of Assets Acquired $ 0 $ 11,233