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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 156,017 $ 155,902
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 109,156 100,427
Amortization 6,788 3,237
Stock based compensation 17,823 17,296
Provision for (recovery of) doubtful accounts 369 (771)
Deferred income taxes (661) 943
Defined benefit plan expense 12,632 15,434
Equity in results of affiliates 187 735
Changes in balance sheet items, excluding effects from foreign currency adjustments:    
Accounts receivables (54,243) (46,820)
Inventories (11,284) (26,102)
Prepaid and other current assets (14,244) (11,277)
Accounts payable and accrued liabilities 3,491 42,285
Income taxes payable (595) (4,154)
Retirement and deferred compensation plan liabilities (12,525) (11,810)
Other changes, net (8,597) (3,962)
Net Cash Provided by Operations 204,314 231,363
Cash Flows from Investing Activities:    
Capital expenditures (92,366) (106,228)
Proceeds from sale of property and equipment, including insurance proceeds 1,205 8
Insurance proceeds 844 1,900
Purchase of short-term investments   (67,414)
Maturity of short-term investments 29,485  
Acquisition of business, net of cash acquired (202,985)  
Acquisition of intangible assets (2,491)  
Notes receivable, net 777 611
Net Cash Used by Investing Activities (265,531) (171,123)
Cash Flows from Financing Activities:    
Proceeds from (repayments of) notes payable 132,622 (227,911)
Proceeds from long-term obligations 5,950 225,827
Repayments of long-term obligations (53,512) (336)
Dividends paid (56,597) (52,512)
Credit facility costs   (1,216)
Proceeds from stock option exercises 47,563 40,253
Common stock repurchased and retired (84,790)  
Excess tax benefit from exercise of stock options 7,960 5,934
Net Cash Used by Financing Activities (804) (9,961)
Effect of Exchange Rate Changes on Cash 4,857 (15,982)
Net (Decrease) Increase in Cash and Equivalents (57,164) 34,297
Cash and Equivalents at Beginning of Period 489,901 399,762
Cash and Equivalents at End of Period $ 432,737 $ 434,059