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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 102,917 $ 102,640
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 72,042 66,059
Amortization 4,235 2,166
Stock based compensation 14,405 13,983
Provision for doubtful accounts 245 362
Deferred income taxes 35 (2,465)
Defined benefit plan expense 8,423 10,294
Equity in results of affiliates 172 526
Changes in balance sheet items, excluding effects from foreign currency adjustments:    
Accounts receivables (80,728) (50,289)
Inventories (16,757) (23,058)
Prepaid and other current assets (18,541) (16,381)
Accounts payable and accrued liabilities 7,698 38,885
Income taxes payable (683) (3,222)
Retirement and deferred compensation plan liabilities (13,296) (3,832)
Other changes, net 5,894 4,509
Net Cash Provided by Operations 86,061 140,177
Cash Flows from Investing Activities:    
Capital expenditures (56,942) (60,306)
Proceeds from sale of property and equipment, including insurance proceeds 1,446 1,983
Purchase of short-term investments   (66,897)
Maturity of short-term investments 29,485  
Acquisition of business, net of cash acquired (202,985)  
Acquisition of intangible assets (2,493)  
Notes receivable, net 324 (701)
Net Cash Used by Investing Activities (231,165) (125,921)
Cash Flows from Financing Activities:    
Proceeds from (repayments of) notes payable 59,330 (227,512)
Proceeds from long-term obligations 78 225,887
Repayments of long-term obligations (2,343) (1,539)
Dividends paid (37,717) (34,929)
Credit facility costs   (1,216)
Proceeds from stock option exercises 37,102 28,810
Common stock repurchased and retired (48,683)  
Excess tax benefit from exercise of stock options 6,884 4,575
Net Cash Provided (Used) by Financing Activities 14,651 (5,924)
Effect of Exchange Rate Changes on Cash 2,216 (16,284)
Net decrease in Cash and Equivalents (128,237) (7,952)
Cash and Equivalents at Beginning of Period 489,901 399,762
Cash and Equivalents at End of Period $ 361,664 $ 391,810