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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 60,728 $ 80,394
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 64,037 57,025
Operatingleaserightofuseassetamortization 6,859 6,149
Provision for doubtful accounts 2,785 7,839
Provision for warranty and returns (1,296) 1,277
Stock compensation 18,614 16,161
Loss on disposal of property and equipment 1,673 13,350
Bond premium amortization 126 103
Debt Issuance Costs amortization 216 216
Change in fair value of contingent earn-out 7,000 (47,400)
Inventory Recall Expense 2,626 0
Sparepartsusage 8,391 20,044
Other Noncash Income (Expense) 2,523 1,757
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable 38,933 (32,484)
Inventories 8,859 (30,924)
Prepaid expenses and other assets (6,535) 8,815
Increase (Decrease) in Other Operating Assets (12,121) (29,494)
Accounts payable (38,032) (3,038)
Accrued liabilities (20,417) (23,214)
Income taxes, including excess tax benefits and deferred income taxes (743) 6,478
Net cash provided by operating activities 144,226 53,054
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (62,362) (73,253)
Proceeds from sale of asset 154 19
Payments to Acquire Businesses, Net of Cash Acquired 0 (4,600)
Intangible assets additions (6,325) (6,461)
Purchases of investment securities (9,603) (17,994)
Proceeds from sale of investment securities 20,900 36,400
Net cash used in investing activities (57,236) (65,889)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Lines of Credit 150,000 0
Repayments of Short-term Debt (150,000) 0
Proceeds from exercise of stock options 8,586 4,240
Finance Lease, Principal Payments (231) 0
Payment, Tax Withholding, Share-based Payment Arrangement 12,821 18,478
Net cash (used in) provided by financing activities (4,466) (14,238)
Effect of exchange rate changes on cash (201) (1,759)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 82,323 (28,832)
CASH AND CASH EQUIVALENTS, beginning of period 268,670 [1] 344,781
CASH AND CASH EQUIVALENTS, end of period 350,993 315,949
NON-CASH INVESTING ACTIVITIES    
Capital Expenditures Incurred but Not yet Paid $ 3,633 $ 11,365
[1] December 31, 2019 balances were derived from audited consolidated financial statements.