Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities attributable to continuing operations:    
Net income $ 56,917 $ 52,247
Loss from discontinued operations, net of tax (5,982) (1,610)
Income from continuing operations 62,899 53,857
Adjustments to reconcile income from continuing operations to net cash used in operating activities attributable to continuing operations:    
Depreciation and amortization 18,555 18,008
Stock-based compensation expense 10,650 13,282
Amortization of debt issuance costs 1,422 1,285
Deferred income taxes (1,775) (1,725)
Bad debt expense 10,477 9,743
Excess tax benefits from stock-based awards (15,235) (5,425)
Other 116 956
Changes in current assets and liabilities:    
Accounts receivable 58,763 46,231
Inventories (45,987) (25,184)
Prepaid expenses and other assets (15,499) (18,260)
Accounts payable, accrued expenses and other liabilities (87,403) (94,599)
Net cash used in operating activities attributable to continuing operations (3,017) (1,831)
Cash flows from investing activities attributable to continuing operations:    
Capital expenditures (19,012) (19,577)
Aquisition of business, net of cash received (22,875)  
Proceeds from sale of discontinued operations 5,000  
Net cash used in investing activities attributable to continuing operations (36,887) (19,577)
Cash flows from financing activities attributable to continuing operations:    
Payments of debt issuance costs (4,607)  
Repurchase of common stock (143,718)  
Cash dividends paid (14,347)  
Proceeds from issuance of common stock 5,399 6,020
Tax withholdings related to stock-based awards (13,965) (5,381)
Excess tax benefits from stock-based awards 15,235 5,425
Net cash (used in) provided by financing activities attributable to continuing operations (156,003) 6,064
Total cash used in continuing operations (195,907) (15,344)
Cash flows from discontinued operations:    
Net cash used in operating activities attributable to discontinued operations (4,425) (1,451)
Net cash used in investing activities attributable to discontinued operations (162) (90)
Total cash used in discontinued operations (4,587) (1,541)
Net decrease in cash and cash equivalents (200,494) (16,885)
Cash and cash equivalents at beginning of period 381,808 354,259
Cash and cash equivalents $ 181,314 $ 337,374