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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net income $ 67,889 $ 74,120 $ 13,186 $ 28,214 $ 142,009 $ 41,400  
Adjustments to reconcile net income to cash flows provided by operating activities:              
Depreciation and amortization         51,270 48,799  
Stock-based compensation expense         13,859 7,404  
Other non-cash items         4,305 546  
Changes in assets and liabilities, net of acquisitions of businesses:              
Accounts receivable, net         (142,489) (62,611)  
Inventories, net         (115,314) 63,404  
Prepaid expenses and other assets         (16,401) (27,679)  
Accounts payable, trade         71,144 20,917  
Accrued expenses and other liabilities         15,476 9,921  
Net cash flows provided by operating activities         23,859 102,101  
Cash flows from investing activities:              
Capital expenditures         (42,005) (14,549)  
Acquisitions of businesses, net of cash acquired         (103,858) (94,713)  
Other investing activities         (566) 4,096  
Net cash flows used in investing activities         (146,429) (105,166)  
Cash flows from financing activities:              
Vesting of stock-based awards, net of shares tendered for payment of taxes         (7,925) (4,616)  
Proceeds from revolving credit facility         554,693 276,542  
Repayments under revolving credit facility         (719,747) (197,330)  
Repayments under term loan and other borrowings         (8,652) (9,554)  
Proceeds from issuance of convertible notes         460,000 0  
Purchases of convertible note hedge contracts         (100,142) 0  
Proceeds from issuance of warrants concurrent with note hedge contracts         48,484 0  
Payment of debt issuance costs         (11,844) 0  
Payment of dividends         (41,678) (32,670)  
Payment of contingent consideration and holdbacks related to acquisitions         (4,387) 0  
Other financing activities         0 (279)  
Net cash flows provided by financing activities         168,802 32,093  
Effect of exchange rate changes on cash and cash equivalents         (92) (2,115)  
Net increase in cash and cash equivalents         46,140 26,913  
Cash and cash equivalents at beginning of period   $ 51,821   $ 35,359 51,821 35,359 $ 35,359
Cash and cash equivalents cash at end of period $ 97,961   $ 62,272   97,961 62,272 $ 51,821
Supplemental disclosure of cash flow information:              
Cash paid during the period for interest         6,496 9,593  
Cash paid during the period for income taxes, net of refunds         55,449 (611)  
Purchase of property and equipment in accrued expenses         $ 3,952 $ 2,624