XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 211,823 $ 267,090 $ 150,556
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization expense 63,498 62,200 65,434
Non-cash operating lease costs 22,581 18,533 19,713
Deferred income taxes - net 12,656 12,766 49,187
Gain on sale of assets 0 0 (9,403)
Loss on extinguishment of debt 377 0 0
Amortization of deferred financing costs 4,628 4,446 4,304
Equity in earnings of joint ventures (5,964) (5,530) (5,125)
Stock-based incentive compensation expense 36,143 30,479 16,783
Distribution from equity method investments 2,400 4,000 5,875
Other adjustments (4,504) (1,244) 0
Changes in operating assets and liabilities:      
Accounts receivable, net (32,075) 224 (36,889)
Inventories (114,127) (51,000) (41,010)
Prepaid expenses and other current assets (15,601) (6,290) (16,798)
Accounts payable 183,395 47,703 98,885
Accrued compensation and employee benefits (29,480) 15,546 (7,770)
Accrued expenses and other current liabilities 6,133 (1,727) 10,535
Operating lease liabilities (21,911) (17,529) (21,395)
Other noncurrent assets and liabilities 3,420 (8,372) (15,335)
Net cash provided by operating activities 323,392 371,295 267,547
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (35,606) (41,866) (35,358)
Proceeds from sale of assets 0 3,743 14,670
Business acquisitions, net of cash acquired 0 (12,494) (87,364)
Other investing activities (864) (5,889) 0
Net cash used in investing activities (36,470) (56,506) (108,052)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Stock-based compensation tax withholdings (12,382) (3,115)  
Stock-based compensation tax withholdings     352
Purchase of company stock and related excise taxes (252,726) (250,261) 0
Proceeds from warrant exercises 0 0 20,916
Proceeds from issuance of debt 49,959 0 0
Repayments of debt principal (6,384) (6,000) (6,000)
Deferred financing costs (77) 0 0
Other financing activities 3,404 (5,750) 0
Net cash (used in) provided by financing activities (218,206) (265,126) 15,268
NET INCREASE IN CASH AND CASH EQUIVALENTS 68,716 49,663 174,763
Cash and cash equivalents - beginning of the period 343,849 294,186 119,423
CASH AND CASH EQUIVALENTS - END OF PERIOD 412,565 343,849 294,186
Supplemental disclosure of cash flows information:      
Cash paid for interest 71,553 69,804 50,372
Cash paid for income taxes 64,522 75,241 13,438
Cash paid for operating leases $ 28,505 $ 27,391 $ 25,311