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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 28,214 $ 34,366  
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 24,614 18,449  
Stock-based compensation expense 3,295 3,733  
Other non-cash items (2,231) 611  
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable, net (74,776) (57,753)  
Inventories, net 40,883 16,052  
Prepaid expenses and other assets 6,350 10,268  
Accounts payable, trade 31,878 11,581  
Accrued expenses and other liabilities (13,468) 15,278  
Net cash flows provided by operating activities 44,759 52,585  
Cash flows from investing activities:      
Capital expenditures (7,955) (24,442)  
Acquisitions of businesses, net of cash acquired (95,766) 0  
Other investing activities 1,972 61  
Net cash flows used in investing activities (101,749) (24,381)  
Cash flows from financing activities:      
Exercise of stock-based awards, net of shares tendered for payment of taxes (4,517) (6,348)  
Proceeds from line of credit borrowings 247,154 175,660  
Repayments under line of credit borrowings (102,330) (182,720)  
Repayments under term loan borrowings (3,750) 0  
Payment of dividends (16,321) (14,999)  
Other financing activities (391) (157)  
Net cash flows provided by (used in) financing activities 119,845 (28,564)  
Effect of exchange rate changes on cash and cash equivalents (215) (251)  
Net decrease in cash and cash equivalents 62,640 (611)  
Cash, cash equivalents, and restricted cash at beginning of period 35,359 14,928 $ 14,928
Cash, cash equivalents, and restricted cash at end of period 97,999 14,317 $ 35,359
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 5,536 2,394  
Cash paid during the period for income taxes, net of refunds (73) 59  
Purchase of property and equipment in accrued expenses $ 2,459 $ 1,202