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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 62,863 $ 29,910
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 17,592 18,352
Deferred financing cost amortization 84 84
Stock-based compensation 5,016 4,438
Provision for expected credit losses 240 149
Inventory obsolescence 959 1,566
Gain on disposal of assets (518) (613)
Deferred income taxes 8,504 (4,506)
Loss from revaluation of liability related to tax receivable agreement 1,115 1,004
Changes in operating assets and liabilities:    
Accounts receivable (36,484) (27,858)
Inventories (30,670) (2,569)
Prepaid expenses and other assets (210) 499
Accounts payable 14,238 12,774
Accrued expenses and other liabilities 5,494 9,999
Net cash provided by operating activities 48,223 43,229
Cash flows from investing activities    
Capital expenditures and other (13,752) (5,461)
Proceeds from sale of assets 876 1,108
Net cash used in investing activities (12,876) (4,353)
Cash flows from financing activities    
Payments on finance leases (2,987) (2,479)
Dividends paid to Class A common stock shareholders (13,335) (9,426)
Distributions to members (3,348) (3,560)
Repurchases of shares (4,495) (3,174)
Net cash used in financing activities (24,165) (18,639)
Effect of exchange rate changes on cash and cash equivalents (1,167) 186
Net increase in cash and cash equivalents 10,015 20,423
Cash and cash equivalents    
Beginning of period 301,669 288,659
End of period 311,684 309,082
Supplemental disclosure of cash flow information    
Right-of-use assets obtained in exchange for new lease obligations 6,340 9,859
Property and equipment in accounts payable $ 1,729 $ 694