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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 96,433 $ 71,002
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 12,241 12,514
Amortization of intangibles 14,961 15,945
Net loss/(gain) on the sale of assets 40 (8,315)
Deferred income taxes (935) (4,772)
Excess tax benefits from stock-based compensation (509) 0
Loss on debt extinguishment 487 5,620
Stock-based compensation 8,618 6,655
Impairment of goodwill 1,663 0
Non-cash interest expense 2,718 3,366
Changes in operating assets and liabilities    
Accounts receivable (5,117) (3,744)
Inventories (29,587) (50,366)
Prepaid expenses and other (11,021) (2,704)
Accounts payable and accrued liabilities 15,478 58,465
Other, net 496 1,025
Net cash provided by operating activities 105,966 104,691
Cash flows from investing activities    
Capital expenditures (15,045) (12,554)
Proceeds from the sale of property, plant and equipment 14 13,180
Other, net 2,268 (5,358)
Net cash (used in) investing activities (12,763) (4,732)
Cash flows from financing activities    
Proceeds from exercise of stock options 2,341 1,959
Excess tax benefits from stock-based compensation 509 0
Borrowings under revolving credit facilities 455 665
Payments under revolving credit facilities (455) (613)
Principal payments under capital lease obligations (633) (3,964)
Proceeds from issuance of term loan credit facility 0 192,845
Principal payments under term loan credit facility (1,446) (193,809)
Principal payments under industrial revenue bond (386) (370)
Debt issuance costs paid 0 (2,581)
Stock repurchase (40,739) (43,017)
Convertible senior notes repurchase (42,061) 0
Net cash (used in) financing activities (82,415) (48,885)
Net increase in cash and cash equivalents 10,788 51,074
Cash and cash equivalents at beginning of period 178,853 146,113
Cash and cash equivalents at end of period $ 189,641 $ 197,187