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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:        
Net earnings $ 108,755 $ 116,439 $ 202,322 $ 213,486
Adjustments to reconcile net earnings to net cash from operating activities:        
Provision for losses on accounts receivable 515 562 1,446 1,140
Deferred income tax expense (benefit) 7,261 (6,115) 12,854 3,781
Stock compensation expense 17,203 12,957 27,826 23,788
Depreciation and amortization 12,042 11,642 23,969 22,971
Other, net (174) (6) (525) 30
Changes in operating assets and liabilities:        
(Increase) decrease in accounts receivable (73,142) (48,344) 2,312 64,366
Increase in accounts payable and accrued expenses 52,623 51,422 34,299 36,078
Decrease in income taxes payable, net (47,159) (34,734) (27,335) (23,809)
Increase (decrease) in other current assets 3,290 1,361 (275) (694)
Net cash from operating activities 81,214 105,184 276,893 341,137
Investing Activities:        
Purchase of property and equipment (20,380) (13,279) (33,141) (27,314)
Other, net 40 4,414 (631) 3,855
Net cash from investing activities (20,340) (8,865) (33,772) (23,459)
Financing Activities:        
Proceeds from issuance of common stock 51,501 48,488 96,866 90,123
Repurchases of common stock (84,052) (96,115) (137,960) (166,407)
Dividends paid (75,726) (73,000) (75,726) (73,000)
Net cash from financing activities (108,277) (120,627) (116,820) (149,284)
Effect of exchange rate changes on cash and cash equivalents 6,270 (9,345) 14,174 4,074
(Decrease) increase in cash and cash equivalents (41,133) (33,653) 140,475 172,468
Cash and cash equivalents at beginning of period 1,156,043 1,013,917 974,435 807,796
Cash and cash equivalents at end of period 1,114,910 980,264 1,114,910 980,264
Taxes Paid:        
Income taxes $ 103,508 $ 108,369 $ 132,654 $ 146,353