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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 84,747 $ 62,863
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 35,024 17,592
Deferred financing cost amortization 3,545 84
Stock-based compensation 9,164 5,016
Provision for expected credit losses 1,515 240
Inventory obsolescence 1,980 959
Gain on disposal of assets (1,632) (518)
Deferred income taxes 1,079 8,504
Change in fair value of earn-out liability 18,023 0
(Gain) loss from revaluation of liability related to tax receivable agreement (3,417) 1,115
Changes in operating assets and liabilities:    
Accounts receivable (20,107) (36,484)
Inventories 41,185 (30,670)
Prepaid expenses and other assets 965 (210)
Accounts payable 1,236 14,238
Accrued expenses and other liabilities (4,789) 5,494
Net cash provided by operating activities 168,518 48,223
Cash flows from investing activities    
Acquisition of a business, net of cash and cash equivalents acquired (618,857) 0
Capital expenditures and other (23,700) (13,752)
Proceeds from sales of assets 3,038 876
Net cash used in investing activities (639,519) (12,876)
Cash flows from financing activities    
Proceeds from the issuance of long-term debt 155,000 0
Repayments of borrowings of long-term debt (100,000) 0
Net proceeds from the issuance of Class A common stock 169,878 0
Payments of deferred financing costs (6,817) 0
Payments on finance leases (3,594) (2,987)
Dividends paid to Class A common stock shareholders (14,469) (13,335)
Distributions to members (4,712) (3,348)
Repurchases of shares (4,599) (4,495)
Net cash provided by (used in) financing activities 190,687 (24,165)
Effect of exchange rate changes on cash and cash equivalents (303) (1,167)
Net increase (decrease) in cash and cash equivalents (280,617) 10,015
Cash and Cash Equivalents, at Carrying Value [Abstract]    
Cash and cash equivalents, beginning of period 344,527 301,669
Cash and cash equivalents, end of period 63,910 311,684
Supplemental disclosure of cash flow information    
Net cash paid for income taxes 10,814 2,451
Cash paid for interest 3,555 456
Noncash Investing and Financing Items [Abstract]    
Right-of-use assets obtained in exchange for new lease obligations 6,923 6,340
Property and equipment in accounts payable $ 1,703 $ 1,729