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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income $ 72,004 $ 94,163
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 25,229 16,232
Stock-based compensation expense 5,692 5,510
Loss on disposal of property, plant and equipment 153 18
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (96,481) (23,844)
Inventories (32,145) 1,400
Accounts payable (24,690) (18,002)
Accrued income taxes 2,188 29,779
Accrued liabilities and customer deposits 85,303 (12,832)
Other assets and liabilities (63,349) (16,858)
Net cash (used for) provided by operating activities (26,096) 75,566
Investing Activities    
Purchase of property, plant and equipment (19,327) (8,504)
Proceeds from disposal of property, plant and equipment 284 84
Acquisitions of businesses, net of cash acquired (67,581) (210)
Release of deposit in escrow 23,548 0
Net cash used for investing activities (63,076) (8,630)
Financing Activities    
Proceeds from debt 458,273 195,000
Payments of debt (482,591) (85,453)
Purchase of treasury stock 0 (133,738)
Proceeds from exercise of stock options and other benefit plans 1,259 515
Payment of income tax withholding on share-based compensation (6,842) (9,006)
Cash dividends ($0.10 and $0.08 per share for the three months ended March 31, 2017 and 2016, respectively) (9,572) (7,355)
Net cash used for financing activities (39,473) (40,037)
Effect of changes in currency exchange rates 10,340 9,684
(Decrease) Increase in cash (118,305) 36,583
Cash, beginning of period 398,484 226,191
Cash, end of period $ 280,179 $ 262,774