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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 75,899 $ 68,130
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,903 9,067
Amortization of intangible assets 11,789 10,890
Amortization of debt issuance costs 329 378
Share-based compensation expense 6,159 6,442
Deferred income taxes 1,293 2,950
Non-cash interest expense associated with forward starting swaps 1,677 1,724
Changes in (net of effect from acquisitions):    
Receivables (20,058) (19,267)
Inventories (2,761) (270)
Other current assets 6,570 (6,597)
Trade accounts payable 5,188 6,451
Accrued expenses (11,565) (6,641)
Other - net 1,556 (2,892)
Net cash flows provided by operating activities 84,979 70,365
Cash flows from investing activities    
Additions of property, plant and equipment (10,162) (8,650)
Acquisition of businesses, net of cash acquired 0 (221,556)
Other - net 546 91
Net cash flows (used in) investing activities (9,616) (230,115)
Cash flows from financing activities    
Borrowings under revolving facilities 13,000 275,391
Payments under revolving facilities (80,224) (20,994)
Dividends paid (26,327) (24,662)
Proceeds from stock option exercises 6,074 8,258
Purchase of common stock (7,005) (46,864)
Unvested shares surrendered for tax withholding (5,647) (4,717)
Other - net 738 0
Net cash flows provided by (used in) financing activities (99,391) 186,412
Effect of exchange rate changes on cash and cash equivalents 4,159 3,765
Net increase (decrease) in cash (19,869) 30,427
Cash and cash equivalents at beginning of year 235,964 328,018
Cash and cash equivalents at end of period 216,095 358,445
Cash paid for:    
Interest 760 965
Income taxes - net $ 5,888 $ 9,516