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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH PROVIDED BY OPERATING ACTIVITIES:    
Net earnings $ 171,482 $ 127,509
Income items not affecting cash:    
Depreciation and amortization 36,465 44,278
Deferred income taxes (17,238) 971
Stock-based compensation arrangements 19,449 24,006
Gain on sale of certain optics assets 0 (4,129)
Other non-cash items 4,346 3,241
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable, net 43,295 (17,422)
Increase in inventories (72,531) (7,196)
Decrease in prepaid expenses and other current assets 1,784 10,248
Increase in other assets (1,775) (26,609)
Increase in accounts payable 29,011 6,362
Decrease in deferred revenue (106) (2,194)
(Decrease) increase in accrued payroll and other current liabilities (21,055) 5,795
Decrease in accrued income taxes (957) (2,571)
Increase in other long-term liabilities 5,309 1,111
Cash provided by operating activities 197,479 163,400
CASH USED BY INVESTING ACTIVITIES:    
Additions to property and equipment, net (50,116) (40,928)
Proceeds from sale of certain optics assets 0 (12,000)
Cash used by investing activities (50,116) (28,928)
CASH USED BY FINANCING ACTIVITIES:    
Repayments of long term debt, net (11,250) (11,250)
Repurchase of common stock (93,381) (76,624)
Dividends paid (46,193) (42,410)
Proceeds from shares issued pursuant to stock-based compensation plans 21,188 34,168
Excess tax benefit of stock options exercised 4,216 7,705
Other financing activities (10) (36)
Cash used by financing activities (125,430) (88,447)
Effect of exchange rate changes on cash (27,931) (23,128)
Net increase in cash and cash equivalents (5,998) 22,897
Cash and cash equivalents, beginning of period 531,374 542,476
Cash and cash equivalents, end of period $ 525,376 $ 565,373