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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 208,920 $ 409,126 $ 294,969
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 135,371 90,311 83,430
Amortization 143,953 47,856 53,092
Share-based compensation expense 66,577 29,884 22,920
Charge for fair value mark-up of acquired inventory sold 61,932 428 590
Provision for deferred income taxes (102,744) (18,433) (7,250)
Charge for excess and obsolete inventory 28,896 17,103 15,387
Loss on extinguishment of debt and modification 3,287 23,338 2,378
Other 44,458 (2,428) 500
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade accounts receivable and notes receivable (59,643) (86,766) (27,461)
Inventories (203,335) (168,372) (50,772)
Accounts payable and other accrued liabilities 4,519 53,577 40,162
Other current assets (13,641) 2,870 (11,952)
Income taxes payable and refundable income taxes 21,751 (3,292) 28,490
Other 11,982 5,252 2,191
Net cash provided by operating activities 352,283 400,454 446,674
Investing activities:      
Acquisition of property and equipment (466,192) (210,626) (131,752)
Acquisition of business, net of cash acquired (4,474,925) (91,942) (111,912)
Other (4,592) 4,450 338
Net cash used in investing activities (4,945,709) (298,118) (243,326)
Financing activities:      
Proceeds from revolving credit facility and short-term debt 476,000 101,000 217,000
Payments of revolving credit facility and short-term debt (341,000) (101,000) (217,000)
Proceeds from long-term debt 4,940,753 400,000 400,000
Payments of long-term debt (145,000) (550,000) (251,000)
Payments for debt issuance costs (99,488) (5,069) (3,964)
Payments for debt extinguishment costs 0 (19,080) 0
Payments for dividends (57,309) (43,545) (43,245)
Issuance of common stock from employee stock plans 16,168 24,744 8,738
Taxes paid related to net share settlement of equity awards (22,820) (16,090) (24,800)
Repurchase and retirement of common stock 0 (67,109) (44,563)
Deferred acquisition payment 0 0 (16,125)
Other (1,101) (348) (2,892)
Net cash provided by (used in) financing activities 4,766,203 (276,497) 22,149
Effect of exchange rate changes on cash, cash equivalents and restricted cash (11,903) (4,167) 3,485
Increase (decrease) in cash, cash equivalents and restricted cash 160,874 (178,328) 228,982
Cash, cash equivalents and restricted cash at beginning of year 402,565 580,893 351,911
Cash, cash equivalents and restricted cash at end of year 563,439 402,565 580,893
Supplemental Cash Flow Information      
Equity consideration on acquisition of CMC Materials, Inc. 1,265,690 0 0
Deferred acquisition payments, net 0 250 1,482
Equipment purchases in accounts payable 28,295 29,042 11,921
Dividends payable 654 658 593
Schedule of interest and income taxes paid:      
Interest paid 164,183 46,791 42,575
Income taxes, net of refunds received $ 113,666 $ 88,059 $ 37,228