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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 $ 201,642 $ 232,758 $ 214,840
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 63,914 60,438 65,045
Deferred financing cost amortization 1,081 1,120 4,514
Stock-based compensation 24,493 22,888 18,105
Provision for expected credit losses 1,211 370 2,622
Inventory obsolescence 3,163 3,841 5,337
Gain on disposal of assets (2,985) (1,013) (3,156)
Deferred income taxes 35,142 19,773 17,343
Change in fair value of earn-out liability 0 16,318 14,850
(Gain) loss from revaluation of liability related to tax receivable agreement 794 (3,204) (4,490)
Changes in operating assets and liabilities:      
Accounts receivable 26,443 13,048 (11,858)
Inventories (52,456) (25,628) 41,922
Prepaid expenses and other assets (5,955) (2,267) 753
Accounts payable (2,132) 675 8,710
Accrued expenses and other liabilities (15,869) 28,964 (7,367)
Payments pursuant to tax receivable agreement (20,069) (20,800) (26,890)
Payment of earn-out liability 0 (31,168) 0
Net cash provided by operating activities 258,417 316,113 340,280
Cash flows from investing activities      
Acquisition of a business, net of cash and cash equivalents acquired 0 0 (616,189)
Investment in unconsolidated affiliates (6,000) 0 0
Capital expenditures and other (38,805) (39,176) (43,977)
Proceeds from sale of assets 5,742 3,788 5,373
Net cash used in investing activities (39,063) (35,388) (654,793)
Cash flows from financing activities      
Proceeds from the issuance of long-term debt 0 0 155,000
Repayments of borrowings of long-term debt 0 0 (155,000)
Payment of contingent consideration 0 (5,960) 0
Net proceeds from the issuance of Class A common stock 0 0 169,878
Payments of deferred financing costs (2,400) 0 (6,934)
Payments on finance leases (7,692) (7,882) (7,652)
Dividends paid to Class A common stock shareholders (37,441) (33,681) (30,124)
Distributions to members (15,604) (13,290) (16,644)
Repurchases of shares (5,927) (9,331) (5,249)
Net cash (used in) provided by financing activities (69,064) (70,144) 103,275
Effect of exchange rate changes on cash and cash equivalents 1,449 (1,530) 503
Net increase (decrease) in cash, cash equivalents and restricted cash 151,739 209,051 (210,735)
Cash, cash equivalents and restricted cash      
Beginning of period 342,843 133,792 344,527
End of period $ 494,582 $ 342,843 $ 133,792