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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income $ 427,792 $ 377,047 $ 263,269
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 88,011 83,178 83,140
Impairment charge 968 2,629 0
Provision for uncollectible accounts 662 1,609 1,881
Benefit of (provision for) deferred income taxes 6,162 1,209 (7,918)
Share-based compensation expense 39,278 25,157 23,517
Other 1,254 895 1,007
Changes in assets and liabilities:      
Accounts receivable (22,472) (18,401) (24,918)
Inventories (37,306) (25,623) (19,062)
Accounts payable 1,957 (166) 1,391
Deferred revenue (12,360) (7,719) 3,551
Other assets and liabilities (34,788) (39,731) 47,418
Net cash provided by operating activities 459,158 400,084 373,276
Cash Flows from Investing Activities:      
Purchases of property and equipment (154,969) (115,751) (74,384)
Purchases of marketable securities 0 (87) (334,164)
Proceeds from the sale and maturities of marketable securities 0 284,125 286,759
Acquisitions of intangible assets and equity investment (255) (7,185) (2,320)
Acquisitions of businesses (50,304) (22,500) (14,579)
Net cash (used) provided by investing activities (205,528) 138,602 (138,688)
Cash Flows from Financing Activities:      
(Repayment) borrowings on revolving credit facilities, net (110,275) (256,040) 44,000
Issuance of senior notes 100,000 0 0
Debt issuance costs (154) 0 0
Repurchases of common stock, net (301,658) (369,319) (282,565)
Proceeds from exercises of stock options and employee stock purchase plans 36,106 38,201 38,622
Payment of acquisition-related contingent consideration (2,375) (1,266) 0
Shares withheld for statutory tax withholding on restricted stock (8,053) (9,375) (8,073)
Net cash used by financing activities (286,409) (597,799) (208,016)
Net effect of changes in exchange rates on cash (689) (4,768) 6,202
Net (decrease) increase in cash and cash equivalents (33,468) (63,881) 32,774
Cash and cash equivalents at beginning of period 123,794 187,675 154,901
Cash and cash equivalents at end of period $ 90,326 $ 123,794 $ 187,675