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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operations    
Net Income $ 21,164 $ 17,723
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 12,057 11,876
Deferred income taxes (516) (644)
Net gains on disposal of property (27) (90)
Net income attributable to noncontrolling interests (71) (42)
Changes in assets and liabilities:    
Trade receivables 10,779 23,080
Merchandise inventory (40,777) (47,901)
Other current assets 11,407 (785)
Other non-current assets (207) (2,790)
Trade accounts payable 49,082 56,658
Accrued payroll and benefit costs (37,221) (43,975)
Other current liabilities (7,982) 40
Other non-current liabilities 3,372 (4,770)
Total adjustments to net income (104) (9,343)
Net cash provided by operations 21,060 8,380
Cash Flows from Investing Activities    
Proceeds from disposal of property 592 116
Capital expenditures for property (8,354) (6,235)
Net cash used by investing activities (7,762) (6,119)
Cash Flows from Financing Activities    
Net increase in short-term borrowings 10,357 26,036
Principal payments under capital leases (2,346) (2,119)
Sale of common stock 9,486 9,302
Purchases of common stock (4,662) (3,629)
Purchases of noncontrolling interests’ common stock (236) (355)
Dividends paid (5,874) (5,306)
Net cash provided by financing activities 6,725 23,929
Net Increase in Cash 20,023 26,190
Cash, Beginning of Year 42,757 43,339
Cash, End of Period 62,780 69,529
Non-cash Investing and Financing Activities    
Acquisitions of equipment under capital leases 42 145
Acquisition of software and maintenance under financing arrangement $ 5,046 $ 0