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, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net earnings $ 148,723 $ 71,261
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation of property, plant and equipment 27,676 22,886
Amortization of deferred financing costs 601 601
Amortization of intangible assets 16 467
Provision for bad debts and returns 4,216 6,597
Tax benefits from share-based compensation   10
Non-cash share-based compensation 8,874 2,920
Loss (gain) on disposal of property, plant and equipment (20) 244
Deferred income taxes 2,215 20,162
(Increase) decrease in assets:    
Receivables (166,970) (95,196)
Inventories (19,209) (3,249)
Prepaid expenses and other current assets 4,997 (10,942)
Other assets (8,223) (474)
Increase in liabilities:    
Accounts payable 75,679 53,985
Accrued expenses 8,368 4,994
Net cash provided by operating activities 86,943 74,266
Cash flows from investing activities:    
Capital expenditures (33,004) (23,927)
Intangible asset additions (95)  
Purchases of investments (2,106)  
Sales of investments 105  
Net cash used in investing activities (35,100) (23,927)
Cash flows from financing activities:    
Net proceeds from the issuances of stock through employee stock purchase plan 2,238 1,721
Net payments on long-term debt (5,599) (5,967)
Net proceeds (payments) on short-term borrowings (487) 97
Excess tax benefits from share-based compensation 2,656  
Contribution from non-controlling interests of consolidated entity 485 83
Distributions to non-controlling interests of consolidated entity (2,350) (1,975)
Net cash used in financing activities (3,057) (6,041)
Net increase in cash and cash equivalents 48,786 44,298
Effect of exchange rates on cash and cash equivalents (1,569) (1,501)
Cash and cash equivalents at beginning of the period 466,685 372,011
Cash and cash equivalents at end of the period 513,902 414,808
Cash paid during the period for:    
Interest 4,947 5,735
Income taxes $ 32,487 $ 13,577