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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash flows from operating activities: | ||
| Net income | $ 33,689us-gaap_NetIncomeLoss | $ 24,182us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 11,249us-gaap_DepreciationAndAmortization | 10,756us-gaap_DepreciationAndAmortization |
| Stock-based compensation expense | 4,657us-gaap_ShareBasedCompensation | 4,026us-gaap_ShareBasedCompensation |
| Amortization of debt issuance costs | 831us-gaap_AmortizationOfFinancingCostsAndDiscounts | 275us-gaap_AmortizationOfFinancingCostsAndDiscounts |
| Deferred income taxes | (1,925)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | (2,031)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Bad debt expense | 5,415us-gaap_ProvisionForDoubtfulAccounts | 4,594us-gaap_ProvisionForDoubtfulAccounts |
| Excess tax benefits from stock-based awards | (3,905)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (3,583)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
| Other | 235us-gaap_OtherOperatingActivitiesCashFlowStatement | (5)us-gaap_OtherOperatingActivitiesCashFlowStatement |
| Changes in current assets and liabilities: | ||
| Accounts receivable | 93,717us-gaap_IncreaseDecreaseInReceivables | 53,679us-gaap_IncreaseDecreaseInReceivables |
| Inventories | (37,197)us-gaap_IncreaseDecreaseInInventories | (38,528)us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses and other assets | (12,159)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (7,603)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable, accrued expenses and other current liabilities | (58,258)us-gaap_IncreaseDecreaseInOperatingLiabilities | (54,461)us-gaap_IncreaseDecreaseInOperatingLiabilities |
| Net cash provided by (used in) operating activities | 36,349us-gaap_NetCashProvidedByUsedInOperatingActivities | (8,699)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows from investing activities: | ||
| Capital expenditures | (13,145)us-gaap_PaymentsToAcquireProductiveAssets | (7,262)us-gaap_PaymentsToAcquireProductiveAssets |
| Other | 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (540)us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (13,145)us-gaap_NetCashProvidedByUsedInInvestingActivities | (7,802)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows from financing activities: | ||
| Borrowings under term loan | 500,000us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Repayment of term loan | (228,125)us-gaap_RepaymentsOfLongTermDebt | (3,125)us-gaap_RepaymentsOfLongTermDebt |
| Borrowings under revolving credit facility | 200,000us-gaap_ProceedsFromLongTermLinesOfCredit | 0us-gaap_ProceedsFromLongTermLinesOfCredit |
| Repayment of revolving credit facility | (25,000)us-gaap_RepaymentsOfLinesOfCredit | 0us-gaap_RepaymentsOfLinesOfCredit |
| Repurchase of common stock | (6,987)us-gaap_PaymentsForRepurchaseOfCommonStock | (1,467)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Payments of debt issuance costs | (6,584)us-gaap_PaymentsOfDebtIssuanceCosts | 0us-gaap_PaymentsOfDebtIssuanceCosts |
| Cash dividends paid | (542,748)us-gaap_PaymentsOfDividends | (13,292)us-gaap_PaymentsOfDividends |
| Proceeds from issuance of common stock | 3,816us-gaap_ProceedsFromStockOptionsExercised | 715us-gaap_ProceedsFromStockOptionsExercised |
| Tax withholdings related to stock-based awards | (3,919)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | (5,478)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation |
| Excess tax benefits from stock-based awards | 3,905us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 3,583us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Net cash used in financing activities | (105,642)us-gaap_NetCashProvidedByUsedInFinancingActivities | (19,064)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net decrease in cash and cash equivalents | (82,438)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (35,565)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 159,985us-gaap_CashAndCashEquivalentsAtCarryingValue | 196,433us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | $ 77,547us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 160,868us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of liabilities that result from activities that generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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