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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net earnings $ 257,748 $ 267,963
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation of property and equipment 47,937 39,295
Gain on sale of property and equipment (130) (498)
Bad debt expense 3,894 4,806
Deferred income taxes 2,345 2,527
Stock-based compensation 1,700 3,441
Excess tax benefits from stock-based compensation (5,469) (1,274)
Amortization of non-compete agreements 263 263
Changes in operating assets and liabilities:    
Trade accounts receivable (70,560) (83,552)
Inventories (68,144) (12,615)
Other current assets 18,539 8,496
Accounts payable 32,725 29,563
Accrued expenses (8,587) 8,395
Income taxes 36,345 (5,036)
Other (553) (620)
Net cash provided by operating activities 248,053 261,154
Cash flows from investing activities:    
Purchases of property and equipment (88,723) (88,020)
Proceeds from sale of property and equipment 2,988 4,112
Other (206) (20)
Net cash used in investing activities (85,941) (83,928)
Cash flows from financing activities:    
Borrowings under credit facility 435,000 790,000
Payments against credit facility (370,000) (550,000)
Proceeds from exercise of stock options 22,423 6,911
Excess tax benefits from stock-based compensation 5,469 1,274
Purchases of common stock (59,440) (250,425)
Payments of dividends (173,188) (164,736)
Net cash used in financing activities (139,736) (166,976)
Effect of exchange rate changes on cash and cash equivalents 4,063 (3,580)
Net increase in cash and cash equivalents 26,439 6,670
Cash and cash equivalents at beginning of period 129,019 114,496
Cash and cash equivalents at end of period 155,458 121,166
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,873 1,155
Net cash paid for income taxes $ 110,934 $ 162,891