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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operations    
Net Income $ 51,124 $ 40,791
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 24,020 22,875
Deferred income taxes (2,343) 2,585
Net gains on disposal of property (193) (1,719)
Net income attributable to noncontrolling interests (109) (111)
Changes in assets and liabilities:    
Trade receivables (69,899) (49,792)
Merchandise inventory (68,812) (101,735)
Other current assets (1,488) 2,684
Other non-current assets (4,987) 19,006
Trade accounts payable 79,553 79,513
Accrued payroll and benefit costs (51,138) (40,762)
Other current liabilities 12,021 9,589
Other non-current liabilities (10,809) (16,373)
Total adjustments to net income (94,184) (74,240)
Net cash used by operations (43,060) (33,449)
Cash Flows from Investing Activities    
Proceeds from disposal of property 1,675 3,039
Capital expenditures for property (17,668) (16,547)
Net cash used by investing activities (15,993) (13,508)
Cash Flows from Financing Activities    
Net increase in short-term borrowings 67,697 58,512
Repayment of long-term debt 0 (1,853)
Principal payments under capital leases (2,754) (3,101)
Sale of common stock 12,272 11,963
Purchases of common stock (6,613) (5,503)
Purchases of noncontrolling interests’ common stock (359) (353)
Dividends paid (10,624) (9,977)
Net cash provided by financing activities 59,619 49,688
Net Increase in Cash 566 2,731
Cash, Beginning of Year 43,339 37,931
Cash, End of Period 43,905 40,662
Non-cash Investing and Financing Activities    
Acquisitions of equipment under capital leases $ 351 $ 27