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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows provided by (used in) operating activities:    
Net income $ 57,600 $ 46,742
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 51,090 51,232
Rationalization charges 2,799 6,083
Stock compensation expense 4,483 3,909
Loss on early extinguishment of debt 1,481 0
Other changes that provided (used) cash, net of effects from acquisition:    
Trade accounts receivable, net (103,975) (88,594)
Inventories (68,965) (53,793)
Trade accounts payable (126,728) (81,242)
Accrued liabilities 20,443 (51,321)
Other, net (6,364) 11,198
Net cash used in operating activities (168,136) (155,786)
Cash flows provided by (used in) investing activities:    
Purchase of business, net of cash acquired (39,828) 0
Capital expenditures (65,147) (61,746)
Other, net 534 20
Net cash used in investing activities (104,441) (61,726)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 877,114 614,103
Repayments under revolving loans (48,970) (205,856)
Proceeds from issuance of long-term debt 739,661 0
Repayments of long-term debt (766,170) (8,161)
Changes in outstanding checks - principally vendors (79,006) (83,670)
Dividends paid on common stock (13,771) (14,161)
Debt issuance costs (7,544) 0
Repurchase of common stock under stock plan (12,664) (15,046)
Net cash provided by financing activities 688,650 287,209
Effect of exchange rate changes on cash and cash equivalents (5,051) (1,116)
Cash and cash equivalents:    
Net increase 411,022 68,581
Balance at beginning of year 203,824 72,819
Balance at end of period 614,846 141,400
Interest paid, net 23,518 39,969
Income taxes paid, net $ 22,056 $ 16,933