Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities attributable to continuing operations:    
Net income $ 24,182 $ 31,544
Loss from discontinued operations, net of tax 0 9
Income from continuing operations 24,182 31,553
Adjustments to reconcile income from continuing operations to net cash (used in) provided by operating activities attributable to continuing operations:    
Depreciation and amortization 10,756 9,952
Stock-based compensation expense 4,026 3,709
Amortization of debt issuance costs 275 280
Deferred income taxes (2,031) 1,251
Bad debt expense 4,594 5,195
Excess tax benefits from stock-based awards (3,583) (3,925)
Other (5) 661
Changes in current assets and liabilities:    
Accounts receivable 53,679 58,931
Inventories (38,528) (10,691)
Prepaid expenses and other assets (7,603) (5,690)
Accounts payable, accrued expenses and other current liabilities (54,461) (71,775)
Net cash (used in) provided by operating activities attributable to continuing operations (8,699) 19,451
Cash flows from investing activities attributable to continuing operations:    
Capital expenditures (7,262) (10,659)
Other (540) 0
Net cash used in investing activities attributable to continuing operations (7,802) (10,659)
Cash flows from financing activities attributable to continuing operations:    
Repayment of long-term debt (3,125) 0
Repurchase of common stock (1,467) (62,563)
Cash dividends paid (13,292) (9,915)
Proceeds from issuance of common stock 715 1,863
Tax withholdings related to stock-based awards (5,478) (11,142)
Excess tax benefits from stock-based awards 3,583 3,925
Payment of contingent consideration obligation 0 (2,172)
Net cash used in financing activities attributable to continuing operations (19,064) (80,004)
Total cash used in continuing operations (35,565) (71,212)
Cash flows from discontinued operations:    
Net cash used in operating activities attributable to discontinued operations 0 (8)
Net decrease in cash and cash equivalents (35,565) (71,220)
Cash and cash equivalents at beginning of period 196,433 222,092
Cash and cash equivalents at end of period $ 160,868 $ 150,872