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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 136,343 $ 176,068
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,057 27,606
Deferred Income Taxes 0 (5,212)
Stock-based compensation 5,247 6,992
Loss on disposal of property, plant and equipment 8 2,262
Other non-cash adjustments 234 243
Changes in operating assets and liabilities:    
Accounts receivable (202,870) (228,901)
Inventories 65,439 (41,769)
Prepaid expenses and other assets 6,816 (850)
Accounts payable 23,377 35,768
Accrued expenses and other liabilities 24,802 28,688
Income taxes receivable/payable 6,286 18,746
Net cash provided by operating activities 95,739 19,641
INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (126,275) (73,202)
Purchased intangibles (4,901) 0
Proceeds from sales of property, plant and equipment 189 106
Net cash used in investing activities (130,987) (73,096)
FINANCING ACTIVITIES    
Borrowings under line of credit 534,047 438,300
Principal payments under line of credit (491,200) (380,800)
Repurchases of common stock (4,008) (5,570)
Proceeds from employee stock purchase and option plans 634 738
Financing costs 6 0
Net cash provided by financing activities 39,479 52,668
Net increase (decrease) in cash and cash equivalents 4,231 (787)
Cash and cash equivalents, beginning of period 1,292 1,959
Cash and cash equivalents, end of period 5,523 1,172
Supplemental Disclosure:    
Cash paid for interest, net of capitalized interest 0 0
Cash paid for income taxes, net 41,432 46,320
Supplemental non-cash investing and financing disclosure:    
Capital expenditures in accounts payable and accrued expenses $ 18,246 $ 21,169