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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 128,224 $ 111,030 $ 97,330
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 16,373 14,495 13,359
Amortization 1,015 1,387 1,237
Share-based compensation 9,543 9,065 8,150
Excess tax benefits from share-based compensation (7,706) (5,524) (4,611)
Provision for doubtful accounts receivable, net of write-offs 197 (539) (930)
Provision for inventory obsolescence, net of write-offs 576 (687) (416)
Provision for deferred income taxes 4,198 6,986 4,679
Losses on sales of property and equipment 230 179 97
Equity earnings in unconsolidated investments, net (211) (204) (182)
Losses on foreign currency transactions 774 277 220
Other (369) 206 108
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables (16,656) (12,751) (10,085)
Product inventories (10,848) (30,409) (27,291)
Prepaid expenses and other assets (434) (2,265) 504
Accounts payable 9,956 20,090 14,007
Accrued expenses and other current liabilities 11,188 10,479 8,912
Net cash provided by operating activities 146,050 121,815 105,088
Investing activities      
Acquisition of businesses, net of cash acquired (4,483) (10,648) (1,244)
Purchases of property and equipment, net of sale proceeds (29,095) (17,328) (18,742)
Payments to fund credit agreement (8,860) 0 0
Collections from credit agreement 4,557 0 0
Other investments, net 88 165 125
Net cash used in investing activities (37,793) (27,811) (19,861)
Financing activities      
Proceeds from revolving line of credit 911,712 820,720 678,936
Payments on revolving line of credit (890,406) (763,429) (715,400)
Proceeds from asset-backed financing 143,400 121,600 70,000
Payments on asset-backed financing (156,000) (106,000) (18,000)
Proceeds from short-term borrowings, long-term debt and other long-term liabilities 8,119 3,607 0
Payments on short-term borrowings, long-term debt and other long-term liabilities (7,948) (3,075) (10)
Payments of deferred financing costs (320) (394) (1,044)
Excess tax benefits from share-based compensation 7,706 5,524 4,611
Proceeds from stock issued under share-based compensation plans 18,269 13,530 21,409
Payments of cash dividends (43,117) (37,600) (33,808)
Purchases of treasury stock (99,219) (136,466) (96,179)
Net cash used in financing activities (107,804) (81,983) (89,485)
Effect of exchange rate changes on cash and cash equivalents (2,046) (5,197) (199)
Change in cash and cash equivalents (1,593) 6,824 (4,457)
Cash and cash equivalents at beginning of year 14,830 8,006 12,463
Cash and cash equivalents at end of year $ 13,237 $ 14,830 $ 8,006