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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows provided by (used in) operating activities:    
Net income $ 158,970 $ 185,802
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 156,780 146,246
Rationalization charges 48,594 1,483
Stock compensation expense 12,669 11,162
Loss on early extinguishment of debt 1,676 2,493
Other changes that provided (used) cash:    
Trade accounts receivable, net (250,783) (271,636)
Inventories (75,414) (32,743)
Trade accounts payable (63,609) (11,185)
Accrued liabilities (10,475) (11,227)
Other, net 19,181 (7,304)
Net cash (used in) provided by operating activities (2,411) 13,091
Cash flows provided by (used in) investing activities:    
Capital expenditures (166,848) (134,636)
Other, net 509 236
Net cash used in investing activities (166,339) (134,400)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 1,139,329 923,639
Repayments under revolving loans (464,759) (266,477)
Repayments of long-term debt (308,161) (286,200)
Changes in outstanding checks - principally vendors (83,670) (87,795)
Dividends paid on common stock (38,615) (33,843)
Debt issuance costs 0 (2,866)
Repurchase of common stock under stock plan (27,364) (3,057)
Net cash provided by financing activities 216,760 243,401
Effect of exchange rate changes on cash and cash equivalents (3,440) (4,256)
Cash and cash equivalents:    
Net increase 44,570 117,836
Balance at beginning of year 72,819 53,533
Balance at end of period 117,389 171,369
Interest paid, net 97,630 104,040
Income taxes paid, net $ 31,067 $ 39,400