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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) Statements - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 28,894 $ 48,501
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 8,997 7,977
Lease amortization expense 8,517 9,154
Amortization of debt issuance costs 835 647
Inventory step-up from acquisition 0 5,367
Deferred taxes, net 12,409 4,005
Non-cash share-based compensation 1,861 3,435
Loss on disposal of long-lived assets 51 75
Unrealized net (gains) losses on hedging instruments 767 (478)
Change in assets and liabilities, net of effect from acquisitions:    
Accounts receivable, net (120,075) (187,577)
Inventories 36,982 42,173
Other assets 19,349 (2,962)
Accounts payable and accrued expenses (58,137) (22,730)
Accrued employee compensation and benefits (16,680) (14,983)
Accrued warranty expense 155 966
Change in operating leases, net (7,041) (8,714)
Income taxes receivable/payable, net (11,356) (4,468)
Other liabilities 790 (992)
Net cash used in operating activities (93,682) (120,604)
Cash flows from investing activities:    
Capital expenditures (16,953) (11,304)
Acquisition, net of cash acquired 0 (463,105)
Proceeds from sales of property and equipment 0 15
Net cash used in investing activities (16,953) (474,394)
Cash flows from financing activities:    
Proceeds from credit facilities, net 191,013 174,182
Proceeds from issuance of long-term debt 9,766 480,000
Repayments of long-term debt (3,143) (1,760)
Debt issuance cost 0 (18,129)
Principal payments on finance leases (109) (114)
Acquisition of treasury stock (21,938) (27,377)
Dividends paid, net (949) (953)
Exercise of stock options 130 0
Net cash provided by financing activities 174,770 605,849
Effect of exchange rate changes on cash and cash equivalents (4,166) 4,107
Net increase in cash and cash equivalents 59,969 14,958
Cash and cash equivalents at beginning of period 106,666  
Cash and cash equivalents at end of period 166,635  
Supplemental disclosures:    
Cash paid for income taxes, net 3,983 3,259
Cash paid for interest and fees 7,165 5,042
Non-cash investing and financing activities:    
Issuance of treasury stock and common stock for compensatory stock awards released from restriction 18,129 18,467
Accrued capital expenditures at period-end $ 4,055 $ 1,178