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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 20,173 $ 27,524
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 4,202 4,176
Amortization of intangibles 4,501 4,988
Net gain on the sale of assets (2,456) 0
Deferred income taxes (13) 7,595
Excess tax benefits from stock-based compensation 0 (1,090)
Loss on debt extinguishment 640 487
Stock-based compensation 2,963 2,470
Non-cash interest expense 520 948
Changes in operating assets and liabilities    
Accounts receivable 36,353 (6,619)
Inventories (51,692) (41,227)
Prepaid expenses and other 5,214 (3,763)
Accounts payable and accrued liabilities 41,395 46,316
Other, net 428 1,099
Net cash provided by operating activities 62,228 42,904
Cash flows from investing activities    
Capital expenditures (3,173) (2,976)
Proceeds from the sale of property, plant, and equipment 3,761 0
Other, net 1,218 0
Net cash provided by (used in) investing activities 1,806 (2,976)
Cash flows from financing activities    
Proceeds from exercise of stock options 5,408 192
Excess tax benefits from stock-based compensation 0 1,090
Dividends paid (3,893) 0
Borrowings under revolving credit facilities 152 175
Payments under revolving credit facilities (152) (175)
Principal payments under capital lease obligations (171) (225)
Proceeds from issuance of term loan credit facility 189,470 0
Principal payments under term loan credit facility (189,944) (482)
Principal payments under industrial revenue bond (177) (127)
Debt issuance costs paid (354) 0
Stock repurchase (16,625) (8,757)
Convertible senior notes repurchase 0 (42,061)
Net cash used in financing activities (16,286) (50,370)
Net increase (decrease) in cash and cash equivalents 47,748 (10,442)
Cash and cash equivalents at beginning of period 163,467 178,853
Cash and cash equivalents at end of period $ 211,215 $ 168,411