XML 19 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 36,545 $ 7,259  
Adjustments to reconcile net income to cash flows (used in) provided by operating activities:      
Depreciation and amortization 32,689 32,499  
Stock-based compensation expense 4,327 4,695  
Other non-cash items 1,107 877  
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable, net (131,059) (123,072)  
Inventories, net 32,892 131,708  
Prepaid expenses and other assets (2,392) 5,577  
Accounts payable, trade 12,038 25,822  
Accrued expenses and other liabilities 6,199 (10,689)  
Net cash flows (used in) provided by operating activities (7,654) 74,676  
Cash flows from investing activities:      
Capital expenditures (8,608) (17,159)  
Acquisitions of businesses 0 (6,250)  
Other investing activities 173 1,960  
Net cash flows used in investing activities (8,435) (21,449)  
Cash flows from financing activities:      
Vesting of stock-based awards, net of shares tendered for payment of taxes (9,040) (8,888)  
Proceeds from revolving credit facility 86,248 165,300  
Repayments under revolving credit facility (76,927) (201,385)  
Repayments under term loan and other borrowings (5) (5,276)  
Payment of dividends (26,721) (26,563)  
Other financing activities (2) (12)  
Net cash flows used in financing activities (26,447) (76,824)  
Effect of exchange rate changes on cash and cash equivalents (996) (437)  
Net decrease in cash and cash equivalents (43,532) (24,034)  
Cash and cash equivalents at beginning of period 66,157 47,499 $ 47,499
Cash and cash equivalents at end of period 22,625 23,465 $ 66,157
Supplemental disclosure of cash flow information:      
Interest 7,391 9,052  
Income taxes, net of refunds 359 390  
Purchase of property and equipment in accrued expenses $ 407 $ 2,304