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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net earnings $ 140,608 $ 132,073
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 16,658 16,874
Amortization 15,162 14,377
Deferred tax benefit (2,681) (3,442)
Excess tax benefits from share-based payment arrangements (1,278) (9,569)
Share-based compensation 6,981 6,503
Other 89 74
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable, net 21,764 39,967
Inventories (18,659) (13,733)
Other current assets (959) 1,990
Trade accounts payable (7,593) (5,458)
Taxes payable 7,836 (19,250)
Accruals and other (14,143) (9,429)
Net cash provided by operating activities 163,785 150,977
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 127 296
Purchase of property, plant and equipment (35,923) (37,120)
Acquisitions (300) (3,255)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (12,811) (81)
Net cash used in investing activities (48,907) (40,160)
Cash flows from financing activities:    
Proceeds from borrowings 493,450 310,018
Repayments of borrowings (313,923) (256,611)
Proceeds from stock option exercises 17,738 9,032
Repurchases of common stock (247,473) (183,978)
Excess tax benefits from share - based payment arrangements 1,278 9,569
Payments of Debt Issuance Costs (432) 0
Payments for Previous Acquisition (422) 0
Net cash used in financing activities (49,784) (111,970)
Effect of exchange rate changes on cash and cash equivalents (1,048) 291
Net (decrease) increase in cash and cash equivalents 64,046 (862)
Cash and cash equivalents:    
Beginning of period 85,263 111,874
End of period $ 149,309 $ 111,012