Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net earnings $ 71,261 $ 16,434
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation of property, plant and equipment 22,886 20,542
Amortization of deferred financing costs 601 838
Amortization of intangible assets 467 453
Provision for bad debts and returns 6,597 1,424
Tax benefits from share-based compensation 10 (4)
Non-cash share-based compensation 2,920 1,159
Loss on disposal of property, plant and equipment 244 194
Deferred income taxes 20,162 3,299
(Increase) decrease in assets:    
Receivables (95,196) (39,801)
Inventories (3,249) 51,392
Prepaid expenses and other current assets (10,942) 3,271
Other assets (474) (3,279)
Increase (decrease) in liabilities:    
Accounts payable 53,985 (18,666)
Accrued expenses 4,994 (7,131)
Net cash provided by operating activities 74,266 30,125
Cash flows from investing activities:    
Capital expenditures (23,927) (17,578)
Net cash used in investing activities (23,927) (17,578)
Cash flows from financing activities:    
Net proceeds from the issuances of stock through employee stock purchase plan and the exercise of stock options 1,721 1,417
Payments on long-term debt (5,967) (5,748)
Proceeds (payments) on short-term borrowings 97 (1,116)
Contribution from non-controlling interests of consolidated entity 83 3,152
Distributions to non-controlling interests of consolidated entity (1,975) (1,675)
Net cash used in financing activities (6,041) (3,970)
Net increase in cash and cash equivalents 44,298 8,577
Effect of exchange rates on cash and cash equivalents (1,501) (1,397)
Cash and cash equivalents at beginning of the period 372,011 325,826
Cash and cash equivalents at end of the period 414,808 333,006
Supplemental disclosures of cash flow information:    
Interest 5,735 5,152
Income taxes $ 13,577 $ 4,600