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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH PROVIDED BY OPERATING ACTIVITIES:    
Net earnings $ 157,513 $ 105,126
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 53,426 41,857
Deferred income taxes (2,337) (200)
Stock-based compensation arrangements 24,745 21,253
Other, net (28,007) 19,830
Increase (decrease) in cash, net of acquisitions, resulting from changes in:    
Accounts receivable 13,047 19,951
Inventories (30,589) 20,211
Prepaid expenses (4,863) (3,129)
Other assets 20,391 (18,861)
Accounts payable 11,370 (35,507)
Deferred revenue (5,792) 4,859
Accrued payroll and other liabilities 13,712 (7,839)
Accrued income taxes (6,647) 53,461
Pension and other long-term liabilities (6,633) 1,595
Net cash provided by operating activities 209,336 222,607
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment (31,861) (27,682)
Business acquisitions, net of cash acquired 2,886 6,986
Proceeds from sale of assets 0 (42,445)
Net cash used by investing activities (28,975) (63,141)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds of long-term debt, including current portion 0 524,826
Repayment of long-term debt (97,500) (367,435)
Repurchase of common stock 0 (66,057)
Dividends paid (61,776) (49,564)
Proceeds from shares issued pursuant to stock-based compensation plans 44,231 7,347
Payments Related to Tax Withholding for Share-based Compensation (9,505) (5,775)
Other financing activities (13) 10
Net cash (used) provided by financing activities (124,563) 43,352
Effect of exchange rate changes on cash 19,814 2,085
Net increase in cash and cash equivalents 75,612 204,903
Cash and cash equivalents, beginning of year 361,349 $ 472,785
Cash and cash equivalents, end of year $ 436,961