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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 53,578 $ 40,012
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,893 10,920
Deferred income taxes   (589)
Stock-based compensation 3,806 4,021
(Gain) loss on disposal of property, plant and equipment (189) 168
Excess tax benefits from stock compensation (1,699) (2,437)
Other non-cash adjustments (287) (269)
Changes in operating assets and liabilities:    
Accounts receivable 1,580 (44,005)
Inventories 6,597 6,792
Prepaid expenses and other assets (771) (310)
Accounts payable (6,759) (9,904)
Accrued expenses and other liabilities 5,005 3,626
Income taxes receivable/payable 10,126 4,126
Net cash provided by operating activities 81,880 12,151
Investing Activities    
Expenditures for property, plant and equipment (8,534) (18,279)
Proceeds from sales of property, plant and equipment 4,349 35
Purchase of acquired company, net of cash acquired   (32)
Net cash used in investing activities (4,185) (18,276)
Financing Activities    
Borrowings under line of credit 242,700 199,000
Principal payments under line of credit (249,700) (150,500)
Repurchases of common stock (55,185) (52,081)
Financing costs (485)  
Proceeds from employee stock purchase and option plans 218 257
Excess tax benefits from stock compensation 1,699 2,437
Net cash used in financing activities (60,753) (887)
Net increase (decrease) in cash and cash equivalents 16,942 (7,012)
Cash and cash equivalents, beginning of period 5,995 9,544
Cash and cash equivalents, end of period 22,937 2,532
Supplemental Disclosure:    
Cash paid for interest 849 390
Cash paid for income taxes, net $ 19,435 $ 20,164