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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 153,340 $ 175,311
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 47,752 45,124
Deferred financing cost amortization 839 840
Stock-based compensation 18,475 15,943
Provision for expected credit losses 874 378
Inventory obsolescence 2,439 2,738
Gain on disposal of assets (2,101) (824)
Deferred income taxes 22,678 12,606
Change in fair value of earn-out liability 0 16,318
Gain from revaluation of liability related to tax receivable agreement and other (221) 0
Changes in operating assets and liabilities:    
Accounts receivable (9,463) 8,324
Inventories (46,561) (16,781)
Prepaid expenses and other assets 2,350 1,065
Accounts payable (5,446) 2,871
Accrued expenses and other liabilities 1,193 32,050
Payments pursuant to tax receivable agreement 0 (15,277)
Payment of earn-out liability 0 (31,168)
Net cash provided by operating activities 186,148 249,518
Cash flows from investing activities    
Investment in unconsolidated affiliate (6,000) 0
Capital expenditures and other (32,351) (27,042)
Proceeds from sales of assets 3,626 2,991
Net cash used in investing activities (34,725) (24,051)
Cash flows from financing activities    
Payment of contingent consideration 0 (5,960)
Payments on finance leases (5,823) (5,881)
Dividends paid to Class A common stock shareholders (27,793) (24,821)
Distributions to members (10,303) (10,444)
Repurchases of shares (5,914) (9,321)
Net cash used in financing activities (49,833) (56,427)
Effect of exchange rate changes on cash and cash equivalents 1,181 544
Net increase in cash and cash equivalents 102,771 169,584
Cash and cash equivalents, beginning of period 342,843 133,792
Cash and cash equivalents, end of period 445,614 303,376
Supplemental disclosure of cash flow information    
Net cash paid for income taxes 43,697 21,762
Cash paid for interest 1,961 1,658
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for new lease obligations 7,048 13,366
Property and equipment in accounts payable $ 1,280 $ 1,223