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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 207,585 $ 211,823 $ 267,090
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization expense 70,690 63,498 62,200
Non-cash operating lease costs 25,008 22,581 18,533
Deferred income taxes, net 8,443 12,656 12,766
Loss on extinguishment of debt 4,744 377 0
Amortization of deferred financing costs 4,147 4,628 4,446
Equity in earnings of joint ventures (7,409) (5,964) (5,530)
Stock-based incentive compensation expense 39,956 36,143 30,479
Distribution from equity method investments 4,000 2,400 4,000
Other adjustments 1,033 (4,504) (1,244)
Changes in operating assets and liabilities:      
Accounts receivable, net (54,593) (32,075) 224
Inventories (81,469) (114,127) (51,000)
Prepaid expenses and other current assets 17,756 (15,601) (6,290)
Accounts payable 19,523 183,395 47,703
Accrued compensation and employee benefits 6,292 (29,480) 15,546
Accrued expenses and other current liabilities 9,894 6,133 (1,727)
Operating lease liabilities (24,034) (21,911) (17,529)
Other noncurrent assets and liabilities 6,881 3,420 (8,372)
Net cash provided by operating activities 258,447 323,392 371,295
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (41,307) (35,606) (41,866)
Proceeds from sale of assets 0 0 3,743
Business acquisitions, net of cash acquired (117,247) 0 (12,494)
Other investing activities (2,529) (864) (5,889)
Net cash used in investing activities (161,083) (36,470) (56,506)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Stock-based compensation tax withholdings (10,599) (12,382) (3,115)
Purchase of company stock and related excise taxes (309,951) (252,726) (250,261)
Proceeds from issuance of debt 229,472 49,959 0
Repayments of debt principal (4,951) (6,384) (6,000)
Retirement of debt obligations (180,239) 0 0
Deferred financing costs (3,382) (77) 0
Other financing activities 2,345 3,404 (5,750)
Net cash used in financing activities (277,305) (218,206) (265,126)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (179,941) 68,716 49,663
Cash and cash equivalents - beginning of period 412,565 343,849 294,186
CASH AND CASH EQUIVALENTS - END OF PERIOD 232,624 412,565 343,849
Supplemental disclosure of cash flows information:      
Cash paid for interest 64,658 71,553 69,804
Income Taxes Paid, Net 67,287 64,522 75,241
Cash paid for operating leases $ 30,737 $ 28,505 $ 27,391