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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 46,681 $ 36,268
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,417 7,322
Deferred income taxes   (589)
Stock-based compensation 2,945 2,717
Gain on disposal of property, plant and equipment (204) (3)
Excess tax benefits from stock compensation (810) (1,771)
Other non-cash adjustments (285) (270)
Changes in operating assets and liabilities:    
Accounts receivable (48,268) (88,074)
Inventories 4,348 5,121
Prepaid expenses and other assets (67) 979
Accounts payable (161) (104)
Accrued expenses and other liabilities (7,901) (856)
Income taxes receivable/payable 11,937 11,360
Net cash provided by (used in) operating activities 15,632 (27,900)
Investing Activities    
Expenditures for property, plant and equipment (5,182) (14,088)
Proceeds from sales of property, plant and equipment 4,349 3
Purchase of acquired company, net of cash acquired   (31)
Net cash used in investing activities (833) (14,116)
Financing Activities    
Borrowings under line of credit 194,000 118,000
Principal payments under line of credit (158,000) (80,500)
Repurchases of common stock (54,703) (2,847)
Financing costs (485)  
Proceeds from employee stock purchase and option plans 137 197
Excess tax benefits from stock compensation 810 1,771
Net cash (used in) provided by financing activities (18,241) 36,621
Net decrease in cash and cash equivalents (3,442) (5,395)
Cash and cash equivalents, beginning of period 5,995 9,544
Cash and cash equivalents, end of period 2,553 4,149
Supplemental Disclosure:    
Cash paid for interest 696 284
Cash paid for income taxes, net $ 13,982 $ 10,342