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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income $ 43,866 $ 45,099
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 34,401 32,979
Amortization 1,486 1,081
Stock based compensation 10,104 9,530
Provision for (recovery of) doubtful accounts 13 (156)
Deferred income taxes (867) (1,001)
Defined benefit plan expense 4,194 5,161
Equity in results of affiliates 121 119
Changes in balance sheet items, excluding effects from foreign currency adjustments:    
Accounts receivables (70,863) (44,798)
Inventories (1,792) 1,040
Prepaid and other current assets (14,646) (12,975)
Accounts payable and accrued liabilities 11,362 12,691
Income taxes payable (737) (2,879)
Retirement and deferred compensation plan liabilities (15,151) (4,567)
Other changes, net 10,386 (1,558)
Net Cash Provided by Operations 11,877 39,766
Cash Flows from Investing Activities:    
Capital expenditures (24,218) (26,885)
Proceeds from sale of property and equipment, including insurance proceeds 1,234 1,840
Maturity of short-term investments 29,485  
Acquisition of business, net of cash acquired (202,985)  
Acquisition of ntangible assets (2,514)  
Notes receivable, net 319 151
Net Cash Used by Investing Activities (198,679) (24,894)
Cash Flows from Financing Activities:    
Proceeds from (repayments of) notes payable 75,180 (229,294)
Proceeds from long-term obligations 101 225,000
Repayments of long-term obligations (1,047) (755)
Dividends paid (18,770) (17,402)
Credit facility costs   (399)
Proceeds from stock option exercises 20,960 19,671
Common stock repurchased and retired (8,641)  
Excess tax benefit from exercise of stock options 3,764 3,421
Net Cash Provided by Financing Activities 71,547 242
Effect of Exchange Rate Changes on Cash 11,326 (29,183)
Net decrease in Cash and Equivalents (103,929) (14,069)
Cash and Equivalents at Beginning of Period 489,901 399,762
Cash and Equivalents at End of Period $ 385,972 $ 385,693