Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net earnings $ 198,117 $ 180,035
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization of property, plant and equipment 48,414 38,693
Amortization of other assets 5,920 6,878
Provision for bad debts and returns 20,162 11,252
Non-cash share-based compensation 15,966 14,248
Deferred income taxes 3,401 (7,498)
Gain (loss) on non-current assets (388) 665
Net foreign currency adjustments 8,379 (5,388)
(Increase) decrease in assets:    
Receivables (155,807) (178,308)
Inventories 40,894 34,467
Prepaid expenses and other current assets (21,378) 3,672
Other assets (2,108) (5,986)
Increase in liabilities:    
Accounts payable 88,407 6,119
Accrued expenses and other long-term liabilities 5,644 10,302
Net cash provided by operating activities 255,623 109,151
Cash flows from investing activities:    
Capital expenditures (60,818) (76,502)
Purchases of investments (49,366) (1,023)
Proceeds from sales of investments 347 240
Net cash used in investing activities (109,837) (77,285)
Cash flows from financing activities:    
Net proceeds from the issuances of common stock through the employee stock purchase plan 2,890 3,011
Payments on long-term debt (919) (944)
Proceeds from long-term debt   2,065
Proceeds (payments) from short-term borrowings 3,167 (2,296)
Payments for taxes related to net share settlement of equity awards (11,181)  
Distributions to non-controlling interests of consolidated entity (7,666) (6,753)
Contributions from non-controlling interests of consolidated entity   46
Net cash used in financing activities (31,709) (4,871)
Net increase in cash and cash equivalents 114,077 26,995
Effect of exchange rates on cash and cash equivalents (5,661) 6,050
Cash and cash equivalents at beginning of the period 736,431 718,536
Cash and cash equivalents at end of the period 844,847 751,581
Cash paid during the period for:    
Interest 2,489 3,250
Income taxes, net 55,471 $ 36,334
Class A Common Stock [Member]    
Cash flows from financing activities:    
Repurchase of Class A common stock $ (18,000)