Consolidated Statements of Cash Flows (USD $)
In Thousands | 9 Months Ended |
|---|
Sep. 30, 2011 | Sep. 30, 2010 |
|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | | |
| Net income | $ 94,590 | $ 77,741 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | |
| Write-off of deferred financing fees - early debt extinguishment | 17,418 | |
| Amortization of original issue discount - early debt extinguishment | 2,437 | |
| Depreciation expense | 28,558 | 27,940 |
| Amortization of intangible assets | 5,786 | 5,915 |
| Amortization of deferred financing fees | 1,884 | 3,195 |
| Amortization of original issue discount | 311 | 304 |
| Increase in provision for inventory losses | 14,582 | 10,877 |
| Non-cash stock based compensation | 2,895 | 2,376 |
| Increase (decrease) in provision for losses on accounts receivable | 309 | (859) |
| Increase (decrease) in net deferred taxes | 59 | (1,381) |
| Changes in assets and liabilities: | | |
| Increase in receivables | (15,423) | (9,659) |
| Increase in inventory | (46,418) | (36,974) |
| Increase in accounts payable | 36,155 | 3,725 |
| Decrease in interest payable | (11,604) | (8,978) |
| Increase in accrued liabilities | 12,975 | 22,756 |
| Other working capital | 1,866 | 619 |
| Net cash provided by operating activities | 146,380 | 97,597 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | |
| Capital expenditures | (27,808) | (20,969) |
| Acquisition of Lucky Vitamin, net of cash acquired | (20,998) | |
| Other | (1,437) | (278) |
| Net cash used in investing activities | (50,243) | (21,247) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | |
| Repurchase of Class A Preferred Stock | (223,107) | |
| Redemption of Senior Toggle Notes | (300,000) | |
| Redemption of Senior Subordinated Notes | (110,000) | |
| Issuance of new equity | 237,253 | 233 |
| Borrowings on 2011 Senior Credit Facility | 1,196,200 | |
| Proceeds from exercised stock options | 11,125 | |
| Tax benefit from exercise of stock options | 8,379 | |
| Payments on long-term debt | (1,184) | (1,340) |
| Deferred financing fees | (17,346) | |
| Net cash used in financing activities | (143,062) | (1,107) |
| Effect of exchange rate on cash | (870) | 33 |
| Net (decrease) increase in cash | (47,795) | 75,276 |
| Beginning balance, cash | 193,902 | 89,948 |
| Ending balance, cash | 146,107 | 165,224 |
2007 Senior Credit Facility | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | |
| Payment of Senior Credit Facility | (644,382) | |
2011 Senior Credit Facility | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | |
| Payment of Senior Credit Facility | $ (300,000) | |