XML 36 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jan. 31, 2013
Jan. 31, 2012
Operating Activities:    
Net income from consolidated operations $ 24,984 $ 24,466
Adjustments to reconcile net income from consolidated operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,140 6,975
Tax benefit from stock option exercises 5,170 13,026
Excess tax benefit from stock option exercises (5,105) (11,983)
Stock option compensation expense 1,094 942
Deferred income tax provision 803 851
Decrease in value of contingent consideration (159) 0
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 12,142 4,189
Increase in inventories (4,960) (5,885)
Increase in prepaid expenses and other current assets (2,456) (7,666)
Decrease in trade accounts payable (8,115) (4,375)
Decrease in accrued expenses and other current liabilities (16,605) (20,431)
Decrease in income taxes payable (2,393) (2,457)
Other 743 98
Net cash provided by (used in) operating activities 13,283 (2,250)
Investing Activities:    
Acquisitions, net of cash acquired (1,242) (142,328)
Capital expenditures (4,466) (3,788)
Other (3) (107)
Net cash used in investing activities (5,711) (146,223)
Financing Activities:    
Borrowings on revolving credit facility 145,000 157,000
Payments on revolving credit facility (22,000) (6,000)
Cash dividends paid (116,645) (2,526)
Acquisitions of noncontrolling interests (16,610) 0
Excess tax benefit from stock option exercises 5,105 11,983
Distributions to noncontrolling interests (2,310) (3,006)
Redemptions of common stock related to stock option exercises (2,364) 0
Revolving credit facility issuance costs (570) (3,028)
Proceeds from stock option exercises 286 79
Other (152) (93)
Net cash (used in) provided by financing activities (10,260) 154,409
Effect of exchange rate changes on cash 326 (345)
Net (decrease) increase in cash and cash equivalents (2,362) 5,591
Cash and cash equivalents at beginning of year 21,451 17,500
Cash and cash equivalents at end of period $ 19,089 $ 23,091