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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 61,318 $ 26,954
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73,985 72,822
Equity-based compensation 8,405 8,543
Deferred income taxes 17,087 16,717
(Gain) loss on disposal of assets (18) 4,985
Changes in certain assets and liabilities:    
Accounts receivable (75,596) 133,084
Inventories 82,567 164,999
Other assets 746 4,508
Accounts payable 112,659 (127,053)
Income taxes receivable/payable 13,993 16,265
Accrued expenses (6,247) (87,117)
Net cash provided by operating activities 288,899 234,707
Investing activities:    
Purchases of property, plant and equipment (27,708) (33,351)
Other investing activities 3,054 1,663
Net cash used in investing activities (24,654) (31,688)
Financing activities:    
Issuance of current and long-term debt 20,452 50,093
Repayment of current and long-term debt (4,232) (427,451)
Debt issuance costs (5)  
Proceeds from exercise of stock options, including related tax effect 2,892 1,753
Contributions from noncontrolling investors, net (8) (29)
Dividends paid (33,425) (27,766)
Net cash used in financing activities (14,326) (403,400)
Increase (decrease) in cash and equivalents 249,919 (200,381)
Cash and equivalents at beginning of period 727,032 361,363
Cash and equivalents at end of period 976,951 160,982
Supplemental disclosure information:    
Cash paid for interest 26,286 40,094
Cash paid (received) for federal and state income taxes, net $ 699 $ (18,539)