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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 368,360 $ 331,425
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 29,348 27,889
Amortization 36,877 35,561
Deferred tax benefit (17,963) (11,901)
Share-based compensation 13,283 12,505
Other (28) (2,706)
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable, net 23,096 26,017
Inventories (17,494) (26,224)
Other current assets (7,713) 863
Trade accounts payable (45,659) (7,753)
Taxes payable 16,658 13,482
Increase (Decrease) in Other Operating Assets and Liabilities, Net 2,976 (32,725)
Net cash provided by operating activities 401,741 366,433
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 1,248 7,809
Purchase of property, plant and equipment (71,627) (96,665)
Acquisitions (2,004) (4,962)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (4,099) (780)
Net cash used in investing activities (76,482) (94,598)
Cash flows from financing activities:    
Proceeds from borrowings 807,711 772,274
Repayments of borrowings (660,795) (703,704)
Proceeds from stock option exercises 37,916 14,777
Repurchases of common stock (558,749) (356,249)
Payment for Contingent Consideration Liability, Financing Activities (10,000) 0
Proceeds from (Payments for) Other Financing Activities 1,753 (1,664)
Net cash used in financing activities (382,164) (274,566)
Effect of exchange rate changes on cash and cash equivalents (671) (8,508)
Net (decrease) increase in cash and cash equivalents (57,576) (11,239)
Cash and cash equivalents:    
Beginning of period 178,110 148,687
End of period $ 120,534 $ 137,448