XML 35 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statement of Cash Flows Statement (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 31,042us-gaap_ProfitLoss $ 61,153us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 5,208us-gaap_ShareBasedCompensation 5,279us-gaap_ShareBasedCompensation
Depreciation and amortization 6,566us-gaap_DepreciationDepletionAndAmortization 6,633us-gaap_DepreciationDepletionAndAmortization
(Increase) decrease in value of life insurance policies (816)us-gaap_IncreaseDecreaseInInsuranceAssets (401)us-gaap_IncreaseDecreaseInInsuranceAssets
Deferred income taxes 1,996us-gaap_DeferredIncomeTaxExpenseBenefit (2,818)us-gaap_DeferredIncomeTaxExpenseBenefit
Other non-cash items 1,499us-gaap_OtherNoncashIncomeExpense (163)us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:    
Accounts receivable 36,884us-gaap_IncreaseDecreaseInAccountsReceivable (7,098)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (5,937)us-gaap_IncreaseDecreaseInInventories (4,157)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 8,137us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (5,109)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets 1,043us-gaap_IncreaseDecreaseInOtherOperatingAssets 639us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 1,635us-gaap_IncreaseDecreaseInAccountsPayable 915us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses (10,515)us-gaap_IncreaseDecreaseInAccruedLiabilities 3,076us-gaap_IncreaseDecreaseInAccruedLiabilities
Increase (Decrease) in Deferred Revenue 3,768us-gaap_IncreaseDecreaseInDeferredRevenue 6,594us-gaap_IncreaseDecreaseInDeferredRevenue
Other long-term liabilities (932)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 1,081us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 79,578us-gaap_NetCashProvidedByUsedInOperatingActivities 65,624us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (6,869)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (7,668)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Patents and other intangibles (186)us-gaap_PaymentsToAcquireIntangibleAssets 0us-gaap_PaymentsToAcquireIntangibleAssets
Business acquisition, net of cash acquired 0us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1 (1,200)us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1
Proceeds from sale of assets 726us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 227us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Premiums on life insurance (647)us-gaap_PaymentsForProceedsFromLifeInsurancePolicies (1,834)us-gaap_PaymentsForProceedsFromLifeInsurancePolicies
Net cash used in investing activities (6,976)us-gaap_NetCashProvidedByUsedInInvestingActivities (10,475)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of debt borrowings (18,000)us-gaap_RepaymentsOfDebt (28,011)us-gaap_RepaymentsOfDebt
Proceeds from debt borrowings 35,000us-gaap_ProceedsFromIssuanceOfDebt 40,000us-gaap_ProceedsFromIssuanceOfDebt
Excess tax benefits from stock-based compensation (68)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 329us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Debt financing costs (174)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Payments of Dividends 23,940us-gaap_PaymentsOfDividends 22,491us-gaap_PaymentsOfDividends
Repurchase of common shares (69,633)us-gaap_PaymentsForRepurchaseOfCommonStock (46,811)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash used in financing activities (76,815)us-gaap_NetCashProvidedByUsedInFinancingActivities (56,984)us-gaap_NetCashProvidedByUsedInFinancingActivities
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,213)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,835)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, beginning of period 23,350us-gaap_CashAndCashEquivalentsAtCarryingValue 25,088us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, end of period $ 19,137us-gaap_CashAndCashEquivalentsAtCarryingValue $ 23,253us-gaap_CashAndCashEquivalentsAtCarryingValue