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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 40,012 $ 36,368
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,920 11,449
Deferred income taxes (589)  
Stock-based compensation 4,021 3,672
Loss on disposal of property, plant and equipment 168 169
Excess tax benefits from stock compensation (2,437) (12,677)
Other non-cash adjustments (269) (245)
Changes in operating assets and liabilities:    
Accounts receivable (44,005) (7,698)
Inventories 6,792 7,789
Prepaid expenses and other assets (310) (415)
Accounts payable (9,904) (2,027)
Accrued expenses and other liabilities 3,626 (3,690)
Income taxes receivable/payable 4,126 12,630
Net cash provided by operating activities 12,151 45,325
Investing Activities    
Expenditures for property, plant and equipment (18,279) (8,794)
Proceeds from sales of property, plant and equipment 35 48
Purchase of acquired company, net of cash acquired (32) (44)
Notes receivable, net   59
Net cash used in investing activities (18,276) (8,731)
Financing Activities    
Borrowings under line of credit 199,000 139,000
Principal payments under line of credit (150,500) (136,000)
Repurchases of common stock (52,081) (52,892)
Proceeds from employee stock purchase and option plans 257 690
Excess tax benefits from stock compensation 2,437 12,677
Net cash used in financing activities (887) (36,525)
Net (decrease) increase in cash and cash equivalents (7,012) 69
Cash and cash equivalents, beginning of period 9,544 3,772
Cash and cash equivalents, end of period 2,532 3,841
Supplemental Disclosure:    
Cash paid for interest, net of capitalized interest 390 498
Cash paid for income taxes, net $ 20,164 $ 9,342