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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 62,066 $ 96,433
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 12,709 12,241
Amortization of intangibles 12,693 14,961
Net (gain) loss on the sale of assets (8,060) 40
Deferred income taxes 59 (935)
Excess tax benefits from stock-based compensation 0 (509)
Loss on debt extinguishment 767 487
Stock-based compensation 8,311 8,618
Impairment of goodwill 0 1,663
Non-cash interest expense 1,569 2,718
Changes in operating assets and liabilities    
Accounts receivable 26,185 (5,117)
Inventories (77,923) (29,587)
Prepaid expenses and other (187) (11,021)
Accounts payable and accrued liabilities 23,702 15,478
Other, net (772) 496
Net cash provided by operating activities 61,119 105,966
Cash flows from investing activities    
Capital expenditures (15,401) (15,045)
Proceeds from the sale of property, plant, and equipment 12,608 14
Acquisition, net of cash acquired (323,487) 0
Other, net 6,230 2,268
Net cash used in investing activities (320,050) (12,763)
Cash flows from financing activities    
Proceeds from exercise of stock options 5,781 2,341
Borrowings under senior notes 325,000 0
Excess tax benefits from stock-based compensation 0 509
Dividends paid (11,547) 0
Borrowings under revolving credit facilities 520 455
Payments under revolving credit facilities (520) (455)
Principal payments under capital lease obligations (416) (633)
Proceeds from issuance of term loan credit facility 189,470 0
Principal payments under term loan credit facilities (198,058) (1,446)
Principal payments under industrial revenue bond (446) (386)
Debt issuance costs paid (6,472) 0
Stock repurchase (46,633) (40,739)
Convertible senior notes repurchase (7,513) (42,061)
Net cash used in financing activities 249,166 (82,415)
Net increase in cash and cash equivalents (9,765) 10,788
Cash and cash equivalents at beginning of period 163,467 178,853
Cash and cash equivalents at end of period $ 153,702 $ 189,641