XML 20 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 61,581 $ 89,351
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 37,359 38,659
Foreign currency losses 1,347 1,355
Stock-based compensation 8,324 8,634
Loss on disposal of assets 2,580 0
Deferred taxes 506 5,854
Non-cash lease expense 22,238 22,505
Changes in operating assets and liabilities:    
Accounts receivable (13,343) (8,220)
Inventories, net 9,951 3,085
Prepaid expenses and other (5,025) (13,245)
Other assets (41,168) (14,892)
Accounts payable 13,063 1,606
Accrued expenses 62,932 (66,152)
Other liabilities 5,736 5,937
Net cash provided by operating activities 166,081 74,477
Cash flows from investing activities:    
Purchases of property and equipment (28,692) (29,214)
Proceeds on investment sales 4,234 7,615
Purchases of investments (4,031) (4,774)
Acquisitions and investments in equity investees 0 (8,073)
Net cash used in investing activities (28,489) (34,446)
Cash flows from financing activities:    
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards 2,376 (2,308)
Payments of debt (62,500) (152,455)
Payment of cash dividends (40,042) (41,084)
Proceeds from debt 115,000 130,000
Repurchases of shares of common stock (107,367) (825)
Net cash used in financing activities (92,533) (66,672)
Effect of exchange rate changes on cash (5,177) 362
Net increase (decrease) in cash and cash equivalents 39,882 (26,279)
Cash and cash equivalents, beginning of period 335,630 386,911
Cash and cash equivalents, end of period $ 375,512 $ 360,632