XML 24 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 129,437 $ 143,086 $ 133,046
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 71,564 72,397 71,365
Equity method earnings (1,048) 0 0
Japan customs expense 0 31,355 0
Foreign currency (gains)/losses (3,014) 8,863 27,235
Stock-based compensation 19,314 8,890 7,400
Deferred taxes 39,213 (17,652) 17,362
Changes in operating assets and liabilities:      
Accounts receivable (103) 3,357 (2,246)
Inventories, net 7,537 9,801 59,652
Prepaid expenses and other 14,250 37,789 13,572
Other assets (11,658) (3,969) (15,752)
Accounts payable 6,834 13,443 (4,297)
Accrued expenses 22,490 (33,624) 15,902
Other liabilities 7,739 1,527 (1,130)
Net cash provided by operating activities 302,555 275,263 322,109
Cash flows from investing activities:      
Purchases of property and equipment (60,156) (50,221) (56,622)
Proceeds of investment sales 11,269 18,132 11,526
Purchases of investments (11,332) (17,080) (15,750)
Acquisitions and investment in equity investee (31,745) (8,692) 0
Net cash used in investing activities (91,964) (57,861) (60,846)
Cash flows from financing activities:      
Payment of cash dividends (76,058) (78,438) (81,187)
Repurchase of shares of common stock (71,731) (247,208) (164,094)
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards 24,443 14,307 3,315
Income tax benefit of equity awards 0 5,651 5,337
Payments on long-term debt (103,226) (56,151) (35,508)
Payment of debt issuance costs 0 (6,596) 0
Proceeds from long-term debt 67,000 233,721 36,217
Net cash used in financing activities (159,572) (134,714) (235,920)
Effect of exchange rate changes on cash 18,134 (14,796) (24,404)
Net increase in cash and cash equivalents 69,153 67,892 939
Cash and cash equivalents, beginning of period 357,246 289,354 288,415
Cash and cash equivalents, end of period $ 426,399 $ 357,246 $ 289,354