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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net earnings $ 224,677 $ 238,965
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 20,327 19,390
Amortization 27,887 24,548
Deferred tax benefit (4,570) (14,881)
Share-based compensation 8,818 8,820
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable, net 71,081 36,674
Inventories (26,081) (16,848)
Other current assets (10,050) (9,748)
Trade accounts payable (28,136) (36,216)
Taxes payable 762 (487)
Increase (Decrease) in Other Operating Assets and Liabilities, Net (35,963) (24,352)
Net cash provided by operating activities 248,752 225,865
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 2,025 1,216
Purchase of property, plant and equipment (37,089) (44,699)
Acquisitions (6,242) (504)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (9,281) (1,226)
Net cash used in investing activities (50,587) (45,213)
Cash flows from financing activities:    
Proceeds from borrowings 1,076,098 638,830
Repayments of borrowings (1,168,125) (532,729)
Proceeds from stock option exercises 17,750 37,757
Repurchases of common stock (200,000) (372,500)
Payment for Contingent Consideration Liability, Financing Activities 0 (10,000)
Proceeds from (Payments for) Other Financing Activities (800) 1,753
Net cash used in financing activities (275,077) (236,889)
Effect of exchange rate changes on cash and cash equivalents (3,596) 2,566
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (80,508) (53,671)
Cash and cash equivalents:    
Beginning of period 207,785 $ 178,110
End of period $ 127,277