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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:              
Net income $ 61,163 $ 36,545 $ 33,426 $ 7,259 $ 97,708 $ 40,685  
Adjustments to reconcile net income to cash flows provided by operating activities:              
Depreciation and amortization         64,728 65,549  
Stock-based compensation expense         9,301 9,080  
Other non-cash items         2,238 2,192  
Changes in assets and liabilities, net of acquisitions of businesses:              
Accounts receivable, net         (118,962) (80,952)  
Inventories, net         96,351 209,346  
Prepaid expenses and other assets         (2,746) 11,607  
Accounts payable, trade         18,977 37,949  
Accrued expenses and other liabilities         17,687 (21,891)  
Net cash flows provided by operating activities         185,282 273,565  
Cash flows from investing activities:              
Capital expenditures         (21,328) (34,082)  
Acquisitions of businesses         (19,957) (25,851)  
Other investing activities         552 4,344  
Net cash flows used in investing activities         (40,733) (55,589)  
Cash flows from financing activities:              
Vesting of stock-based awards, net of shares tendered for payment of taxes         (9,111) (9,585)  
Proceeds from revolving credit facility         86,248 234,200  
Repayments under revolving credit facility         (87,766) (402,726)  
Repayments under term loan and other borrowings         (15,007) (10,703)  
Payment of dividends         (53,455) (53,154)  
Payment of contingent consideration and holdbacks related to acquisitions         0 (517)  
Other financing activities         (2) (834)  
Net cash flows used in financing activities         (79,093) (243,319)  
Effect of exchange rate changes on cash and cash equivalents         (1,195) (62)  
Net increase (decrease) in cash and cash equivalents         64,261 (25,405)  
Cash and cash equivalents at beginning of period   $ 66,157   $ 47,499 66,157 47,499 $ 47,499
Cash and cash equivalents at end of period $ 130,418   $ 22,094   130,418 22,094 $ 66,157
Supplemental disclosure of cash flow information:              
Interest         17,364 20,804  
Income taxes, net of refunds         16,561 5,724  
Purchase of property and equipment in accrued expenses         $ 429 $ 1,704