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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 74,548 $ 61,300
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 8,394 8,948
Amortization of intangible assets 10,863 10,891
Amortization of debt issuance expenses 429 425
Share-based compensation expense 6,312 5,612
Deferred income taxes (748) (117)
Excess tax benefit from share based compensation (2,925) (2,439)
Non-cash interest expense associated with forward starting swaps 1,820 1,872
Changes in:    
Receivables (33,910) (14,843)
Inventories (12,605) (3,115)
Other current assets (6,285) (3,513)
Trade accounts payable 15,392 6,303
Accrued expenses 14,419 1,043
Other — net (1,519) (172)
Net cash flows provided by operating activities 74,185 72,195
Cash flows from investing activities    
Cash purchases of property, plant and equipment (10,809) (7,625)
Acquisition of businesses, net of cash acquired 0 (34,648)
Other — net 21 (57)
Net cash flows used in investing activities (10,788) (42,330)
Cash flows from financing activities    
Borrowings under revolving facilities for acquisitions 0 34,648
Borrowings under revolving facilities 20,014 5,438
Payments under revolving facilities (13,617) (305)
Dividends paid (18,628) (16,575)
Proceeds from stock option exercises 6,154 10,758
Excess tax benefit from stock-based compensation 2,925 2,439
Purchase of common stock (37,537) (33,115)
Unvested shares surrendered for tax withholding (2,614) (1,735)
Net cash flows provided by (used in) financing activities (43,303) 1,553
Effect of exchange rate changes on cash and cash equivalents (1,340) (9,237)
Net increase in cash 18,754 22,181
Cash and cash equivalents at beginning of year 439,629 318,864
Cash and cash equivalents at end of period 458,383 341,045
Cash paid for:    
Interest 85 545
Income taxes $ 17,835 $ 7,002