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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net income $ 105,925 $ 113,876
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of assets and other (263) (1,716)
Depreciation and amortization 29,044 29,049
Noncash lease expense 5,278  
Deferred income taxes and other long-term liabilities 2,262 2,061
Noncash compensation related to stock plans 8,699 8,773
Provision of doubtful accounts 435 361
Foreign exchange gain on capital repatriation 0 (1,604)
Changes in operating assets and liabilities, net of acquisitions:    
Trade accounts receivable (36,385) (58,678)
Inventories 31,163 (29,233)
Trade accounts payable 8,130 14,254
Other current assets (3,197) 5,099
Accrued liabilities and other current liabilities 3,452 26,356
Other noncurrent assets and liabilities (5,308) (629)
Net cash provided by operating activities 149,235 107,969
Cash flows from investing activities    
Capital expenditures (24,495) (24,714)
Asset acquisitions, net of cash acquired (3,529) 0
Proceeds from sale of property and equipment 2,498 3,539
Net cash used in investing activities (25,526) (21,175)
Cash flows from financing activities    
Repurchase of common stock (51,437) (49,490)
Proceeds from line of credit 13,308 0
Repayments of line of credit and capital leases (14,335) (702)
Issuance of common stock for exercise of options 0 695
Dividends paid (30,002) (29,738)
Cash paid on behalf of employees for shares withheld (5,905) (5,128)
Net cash used in financing activities (88,371) (84,363)
Effect of exchange rate changes on cash and cash equivalents (1,457) (3,984)
Net increase (decrease) in cash and cash equivalents 33,881 (1,553)
Cash and cash equivalents at beginning of period 160,180 168,514
Cash and cash equivalents at end of period 194,061 166,961
Noncash activity during the period    
Noncash capital expenditures 194 212
Dividends declared but not paid 10,162 10,134
Issuance of Company’s common stock for compensation $ 292 $ 465