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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 146,325 $ 123,861
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 16,741 17,847
Amortization of intangible assets 21,932 22,069
Amortization of debt issuance expenses 859 849
Share-based compensation expense 11,963 9,489
Deferred income taxes (471) (64)
Excess tax benefit from share based compensation (3,680) (4,771)
Non-cash interest expense associated with forward starting swaps 3,637 3,740
Changes in:    
Receivables (16,218) (13,156)
Inventories (15,584) 5,380
Other current assets (3,352) 4,743
Trade accounts payable 13,291 11,480
Accrued expenses (5,852) 83
Other — net (3,411) (36)
Net cash flows provided by operating activities 166,180 181,514
Cash flows from investing activities    
Cash purchases of property, plant and equipment (23,299) (15,822)
Acquisition of businesses, net of cash acquired (25,995) (36,849)
Other — net (29) (130)
Net cash flows used in investing activities (49,323) (52,801)
Cash flows from financing activities    
Borrowings under revolving facilities for acquisitions 25,995 34,648
Borrowings under revolving facilities 54,019 28,425
Payments under revolving facilities (36,181) (31,824)
Dividends paid (41,193) (35,421)
Proceeds from stock option exercises 8,831 22,983
Excess tax benefit from stock-based compensation 3,680 4,771
Purchase of common stock (83,060) (84,479)
Unvested shares surrendered for tax withholding (2,836) (1,772)
Other 0 (3,181)
Net cash flows used in financing activities (70,745) (65,850)
Effect of exchange rate changes on cash and cash equivalents (406) (7,238)
Net increase in cash 45,706 55,625
Cash and cash equivalents at beginning of year 439,629 318,864
Cash and cash equivalents at end of period 485,335 374,489
Cash paid for:    
Interest 16,354 16,557
Income taxes $ 61,801 $ 25,445