| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||||||||||||||||
77,948 | 78,016 | 76,137 | 64,796 | 53,249 | 36,176 | -29,882 | -29,127 | -32,694 | -21,228 | 30,556 | 21,076 | 25,430 | 20,754 | 16,029 | 26,157 | 42,689 | 46,574 | 64,707 | 65,151 | 64,844 | 56,417 | 52,749 | 47,894 | 37,614 | 46,342 | 44,190 | 44,135 | 48,200 | 47,246 | 47,126 | 45,548 | 41,683 | 37,874 | 34,791 | 33,422 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities, net of effects from acquisitions: | ||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||||||||||||||||
51,640 | 54,912 | 55,626 | 56,234 | 56,787 | 56,381 | 63,526 | 69,754 | 74,561 | 77,716 | 73,184 | 68,235 | 64,420 | 62,047 | 59,285 | 57,922 | 56,072 | 54,944 | 55,298 | 58,976 | 59,663 | 59,904 | 59,107 | 54,239 | 49,659 | 43,115 | 35,473 | 27,507 | 23,172 | 21,267 | 20,274 | 20,199 | 19,609 | 19,064 | 18,893 | 18,529 | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||||||||||||||||||||||||||||||||
23,834 | 23,885 | 26,204 | 25,251 | 25,606 | 25,732 | 23,822 | 23,846 | 23,624 | 23,813 | 25,789 | 26,132 | 27,439 | 26,064 | 22,124 | 20,759 | 17,948 | 19,177 | 20,971 | 22,501 | 21,143 | 18,340 | 17,340 | 16,983 | 18,939 | 20,020 | 18,551 | 16,446 | 14,667 | 12,215 | 10,552 | 8,530 | 6,850 | 6,499 | 6,002 | 5,789 | 0 | 0 | 0 |
Provision for losses on accounts receivable | ||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,563 | -2,873 | -635 | -406 | -417 | -1,135 | -2,496 | -2,421 | -1,844 | 0 | 0 | 0 |
Equity in earnings of unconsolidated affiliates | ||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 316 | 424 | 385 | 552 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||||||||||||||||||||||||||||
-5,366 | -5,281 | -5,153 | -8,536 | -27,882 | -27,891 | 17,381 | 26,113 | 26,452 | 26,381 | -18,974 | -24,222 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | 3,604 | -1,221 | -1,077 | -1,141 | -1,457 | 3,696 | 3,824 | 4,359 | 4,807 | 0 | 0 | 0 |
Amortization of debt discount and issuance costs | ||||||||||||||||||||||||||||||||||||||
9,277 | 9,203 | 9,114 | 9,026 | 8,939 | 8,839 | 8,754 | 8,632 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Impairment charges | ||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 27,047 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||||||||||||||||
-1,453 | -154 | -182 | -292 | -1,160 | -1,798 | -1,227 | -1,668 | -557 | 596 | 1,016 | 1,346 | 915 | 821 | -889 | -434 | -15 | -4,421 | -3,529 | -3,893 | -5,374 | -944 | 3 | -121 | -257 | -156 | -491 | -299 | 33 | 70 | 236 | 224 | -68 | -93 | -159 | -191 | 0 | 0 | 0 |
Changes in operating assets and liabilities-net of business acquisitions: | ||||||||||||||||||||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||||||||||||||||||||
45,184 | 32,675 | 25,445 | 27,206 | 1,758 | 14,700 | 13,593 | -11,340 | 16,654 | 19,858 | 16,818 | 44,462 | 5,238 | -4,965 | -12,002 | -36,881 | -8,983 | -26,268 | 9,334 | -7,358 | 22,348 | 20,145 | -50,034 | -26,180 | -29,958 | 24,450 | 58,453 | 53,568 | 11,678 | -10,267 | 11,808 | 17,445 | 22,328 | 19,747 | 31,788 | 3,066 | 0 | 0 | 0 |
Other receivables | ||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
Inventories | ||||||||||||||||||||||||||||||||||||||
-54,309 | -61,642 | -72,304 | -39,447 | -5,714 | 39,786 | 77,813 | 59,221 | 44,305 | 5,108 | -9,809 | -30,808 | -42,688 | -21,392 | 3,220 | 37,696 | 24,311 | 15,459 | -6,055 | -249 | 21,800 | 41,422 | 34,315 | 21,026 | 36,789 | 14,677 | 31,272 | 12,894 | -4,198 | -6,602 | 5,660 | 24,525 | 42,019 | 51,109 | 37,224 | 39,700 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||||||||||||||||||||||||||||||||
16,647 | 17,958 | 9,534 | 6,175 | -14,665 | 426 | 2,529 | 836 | 10,495 | -11,364 | -816 | -5,609 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | -20,547 | -13,746 | 4,183 | 8,392 | 5,019 | 9,122 | -4,069 | 1,664 | 7,277 | 0 | 0 | 0 |
Accounts payable | ||||||||||||||||||||||||||||||||||||||
13,885 | 5,282 | -18,206 | -16,623 | -14,642 | 22,626 | 27,736 | 25,145 | 15,446 | -3,024 | 18,034 | 2,657 | -8,249 | -9,663 | -25,893 | 6,831 | -7,516 | -18,790 | 5,883 | -15,117 | 14,749 | 25,856 | -20,059 | -26,143 | -11,487 | -30,198 | 9,270 | 40,476 | 15,334 | 2,536 | 9,967 | -12,925 | -12,653 | 13,714 | 20,546 | 14,401 | 0 | 0 | 0 |
Accrued payroll and related expenses | ||||||||||||||||||||||||||||||||||||||
1,708 | 1,734 | 1,265 | 3,355 | 0 | 0 | 0 | - | - | - | - | - | - | 0 | 0 | - | - | - | 0 | - | - | - | 0 | - | - | - | 0 | - | 5,180 | 2,964 | 4,242 | 2,093 | 1,760 | 1,168 | 1,248 | -249 | 0 | 0 | 0 |
Advances from customers | ||||||||||||||||||||||||||||||||||||||
-26,593 | -36,745 | -24,225 | -12,489 | -10,711 | 4,454 | 39,076 | 17,183 | 26,017 | 12,908 | -26,567 | -33,552 | -38,171 | -34,894 | -16,235 | -10,955 | -13,381 | -9,702 | -26,385 | -22,051 | 0 | 0 | 0 | - | - | - | - | -10,736 | -9,210 | 80,950 | 84,650 | 99,025 | 103,395 | 4,280 | 6,993 | -1,477 | 0 | 0 | 0 |
Accrued warranties | ||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,071 | 652 | -2,258 | -3,126 | -1,871 | -3,096 | -2,823 | -3,051 | 0 | 0 | 0 |
Deferred revenues | ||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -15,221 | -15,662 | -14,136 | -12,128 | -12,530 | 5,531 | 40,393 | 40,630 | 43,271 | 25,546 | -6,631 | -5,563 | 2,828 | 5,429 | 8,635 | 8,279 | 6,595 | 7,970 | 6,159 | 8,066 | 0 | 0 | 0 |
Other | ||||||||||||||||||||||||||||||||||||||
-6,084 | -7,015 | -14,239 | -11,001 | -11,015 | 8,488 | 32,584 | 24,135 | 9,080 | -4,670 | -28,233 | -19,389 | -37,426 | -37,417 | -34,937 | -37,943 | 4,118 | -7,743 | 5,065 | 10,022 | -1,619 | 5,402 | -2,514 | -2,987 | -8,925 | -9,728 | -18,102 | -18,717 | -17,699 | -16,540 | -11,145 | -8,246 | -3,411 | -4,668 | 2,433 | -2,502 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||||||||||||||||||||||||||||||
136,921 | 137,895 | 146,771 | 119,112 | 105,089 | 89,252 | 95,181 | 133,109 | 126,372 | 129,215 | 99,744 | 62,779 | 71,153 | 57,925 | 32,548 | 59,218 | 57,643 | 63,711 | 98,462 | 105,103 | 93,040 | 115,147 | 154,376 | 129,170 | 125,244 | 70,822 | 22,535 | 58,665 | 91,628 | 170,895 | 152,946 | 120,563 | 101,675 | 33,149 | 40,537 | 40,139 | 0 | 0 | 0 |
Acquisition of property and equipment | ||||||||||||||||||||||||||||||||||||||
22,569 | 26,365 | 25,563 | 27,412 | 27,671 | 23,829 | 27,354 | 43,198 | 41,549 | 44,776 | 38,009 | 17,096 | 20,702 | 17,077 | 17,991 | 17,688 | 14,138 | 13,779 | 14,653 | 15,286 | 16,578 | 19,343 | 49,763 | 54,598 | 66,071 | 81,453 | 102,620 | 157,367 | 163,720 | 177,023 | 128,060 | 68,490 | 50,085 | 17,885 | 14,528 | 13,392 | 0 | 0 | 0 |
Acquisition of businesses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||
- | - | - | 18,271 | 17,863 | 34,786 | 34,786 | 100,159 | 97,871 | 83,160 | 85,313 | 188,542 | 191,594 | 206,826 | 206,000 | 19,921 | 18,797 | 1,341 | 3,832 | 13,919 | 14,787 | 16,340 | 13,307 | 11,740 | 11,640 | 10,387 | 13,492 | 6,087 | 10,887 | 10,587 | 6,697 | 7,989 | 3,942 | 4,252 | 7,452 | 6,311 | 0 | 0 | 0 |
Acquisition of intangible and other assets | ||||||||||||||||||||||||||||||||||||||
9,910 | 6,045 | 715 | 2,803 | 1,860 | 1,996 | 5,450 | 2,453 | 3,363 | 3,480 | 4,445 | 5,147 | 5,648 | 5,923 | 6,793 | 5,870 | 5,149 | 5,534 | 6,123 | 6,228 | 7,018 | 6,805 | 5,203 | 5,896 | 4,839 | 4,827 | 4,739 | 4,399 | 5,391 | 4,948 | 5,250 | 4,703 | 4,494 | 4,336 | 4,504 | 4,306 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||||||||||||||||||||||||||||||||
-36,000 | -32,593 | -26,290 | -48,486 | -47,394 | -60,611 | -67,590 | -145,810 | -142,783 | -118,623 | -114,974 | -197,992 | -205,151 | -229,826 | -230,784 | -43,479 | -38,084 | -20,654 | -24,608 | -35,433 | -38,383 | -42,488 | -68,273 | -72,234 | -82,550 | -96,667 | -120,851 | -167,853 | -179,998 | -192,558 | -140,007 | -81,182 | -58,521 | -26,473 | -26,484 | -24,009 | 0 | 0 | 0 |
Net borrowings on bank lines of credit | ||||||||||||||||||||||||||||||||||||||
-29,006 | -58,006 | -71,006 | -25,006 | -104,000 | -46,000 | -48,000 | 10,000 | 135,000 | -154,000 | -125,000 | -22,000 | -32,000 | 294,000 | 294,000 | 125,000 | 119,000 | 32,000 | 15,000 | -24,000 | -16,000 | -37,000 | -49,000 | -35,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from long-term debt | ||||||||||||||||||||||||||||||||||||||
982 | 1,033 | 1,139 | 1,409 | 1,437 | 1,566 | 1,394 | 1,044 | 906 | 280,596 | 280,426 | 280,541 | 280,369 | 716 | 890 | 691 | 738 | 1,123 | 1,079 | 1,561 | 1,683 | 1,309 | 1,244 | 3,497 | 3,220 | 2,841 | 2,769 | 11,100 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments on long-term debt | ||||||||||||||||||||||||||||||||||||||
1,965 | 2,369 | 2,726 | 3,122 | 2,539 | 2,576 | 2,571 | 2,592 | 3,294 | 3,886 | 4,040 | 4,077 | 3,424 | 2,934 | 2,934 | 2,917 | 2,971 | 3,200 | 3,122 | 3,247 | 3,200 | 3,575 | 3,677 | 3,667 | 3,402 | 2,461 | 2,024 | 1,274 | 878 | 484 | 217 | 217 | 0 | 0 | 0 | - | - | - | - |
Payments of capital lease obligations | ||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 710 | 0 | 0 | 0 |
Proceeds from exercise of stock options and employee stock purchase plan | ||||||||||||||||||||||||||||||||||||||
11,385 | 12,440 | 11,760 | 9,152 | 6,453 | 5,877 | 5,467 | 6,896 | 4,312 | 5,028 | 9,276 | 7,657 | 9,958 | 8,200 | 5,169 | 6,137 | 6,493 | 6,051 | 6,456 | 3,598 | 3,237 | 1,941 | 209 | 1,501 | 1,560 | 3,201 | 3,224 | 4,674 | 4,702 | 5,663 | 6,725 | 4,883 | 14,524 | 14,302 | 15,948 | 19,640 | 0 | 0 | 0 |
Payments of contingent consideration | ||||||||||||||||||||||||||||||||||||||
6,250 | 5,674 | 5,709 | 5,782 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchases of common stock | ||||||||||||||||||||||||||||||||||||||
51,775 | 26,994 | 26,447 | 21,029 | 0 | 0 | 0 | - | - | - | - | 48,453 | 48,453 | 58,106 | 54,609 | 73,368 | 80,721 | 30,756 | 33,842 | 30,744 | 23,391 | 22,617 | 28,915 | 12,056 | 13,623 | 14,139 | 12,690 | 12,011 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Taxes paid related to net share settlement of equity awards | ||||||||||||||||||||||||||||||||||||||
26,956 | 27,691 | 27,226 | 13,936 | 14,031 | 14,065 | 14,687 | 20,864 | 20,736 | 20,823 | 28,596 | 10,084 | 10,450 | 9,681 | 956 | 13,715 | 13,331 | 13,396 | 13,691 | 7,194 | 7,192 | 7,186 | 7,640 | 8,569 | 8,557 | 16,264 | 9,316 | 10,431 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||||||||||||||||||||||||||||||
-103,585 | -107,261 | -120,215 | -58,314 | -142,771 | -143,317 | -133,024 | -72,082 | 51,191 | 62,329 | 83,629 | 200,888 | 196,000 | 232,195 | 241,560 | 41,828 | 29,208 | -8,178 | -28,120 | -60,026 | -44,863 | -67,128 | -87,779 | -54,294 | -53,802 | 18,178 | 60,963 | 51,058 | 46,447 | 14,328 | 1,781 | -1,730 | 8,423 | 9,553 | -12,854 | -15,890 | 0 | 0 | 0 |
Effect of exchange rate changes on cash | ||||||||||||||||||||||||||||||||||||||
-3,959 | 1,048 | -1,535 | -810 | -1,276 | -1,330 | -184 | -53 | 749 | 804 | 663 | -395 | -955 | -1,835 | -1,288 | -790 | -383 | 130 | -2,078 | -882 | -601 | -650 | 1,764 | 1,492 | 3,276 | 716 | 832 | 1,375 | -1,184 | 1,317 | 624 | -1,818 | -420 | 1,316 | 1,595 | 3,390 | 0 | 0 | 0 |
Net change in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||
-6,623 | -911 | -1,269 | 11,502 | -86,352 | -116,006 | -105,617 | -84,836 | 35,529 | 73,725 | 69,062 | 65,280 | 61,047 | 58,459 | 42,036 | 56,777 | 48,384 | 35,009 | 43,656 | 8,762 | 9,193 | 4,881 | 88 | 4,134 | -7,832 | -6,951 | -36,521 | -56,755 | -43,107 | -6,018 | 15,344 | 35,833 | 51,157 | 17,545 | 2,794 | 3,630 | 0 | 0 | 0 |
Supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||
Interest | ||||||||||||||||||||||||||||||||||||||
9,241 | 9,786 | 11,146 | 11,862 | 12,135 | 11,784 | 10,099 | 9,249 | 7,407 | 6,050 | 7,081 | 5,185 | 5,101 | 4,401 | 3,029 | 2,378 | 2,811 | 2,350 | 2,411 | 2,802 | 2,367 | 3,128 | 4,181 | 4,659 | 5,070 | 4,500 | 4,525 | 3,480 | 3,240 | 3,467 | 2,347 | 3,168 | 2,748 | 2,389 | 2,104 | 1,626 | 0 | 0 | 0 |
Income taxes | ||||||||||||||||||||||||||||||||||||||
22,702 | 23,751 | 24,894 | 34,794 | 35,950 | 38,227 | 39,271 | 29,445 | 30,686 | 24,330 | 23,216 | 25,066 | 22,704 | 27,068 | 27,472 | 26,671 | 28,095 | 36,975 | 34,752 | 31,266 | 26,798 | 16,395 | 16,286 | 18,552 | 17,610 | 15,390 | 14,840 | 12,289 | 11,369 | 11,640 | 9,079 | 7,150 | 6,031 | 3,662 | 3,352 | 6,244 | 0 | 0 | 0 |