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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows provided by (used in) operating activities:    
Net income $ 67,962 $ 55,164
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 79,363 66,430
Amortization of debt discount and debt issuance costs 1,413 1,347
Rationalization charges 10,959 11,691
Stock compensation expense 4,380 4,115
Other changes that provided (used) cash:    
Trade accounts receivable, net (404,478) (355,645)
Inventories (115,166) (22,319)
Trade accounts payable (281,591) (281,165)
Accrued liabilities (33,346) (30,041)
Other, net (12,897) 2,613
Net cash (used in) operating activities (683,401) (547,810)
Cash flows provided by (used in) investing activities:    
Capital expenditures (82,924) (75,258)
Proceeds from asset sales 52 2,495
Other, net 400 301
Net cash (used in) investing activities (82,472) (72,462)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 1,110,508 597,879
Repayments under revolving loans (6,107) (15,469)
Repayment of principal amounts under finance leases (1,348) (346)
Repayments of long-term debt (706,274) (100,000)
Changes in outstanding checks - principally vendors (84,971) (160,576)
Dividends paid on common stock (21,939) (21,137)
Repurchase of common stock (6,873) (7,675)
Net cash provided by financing activities 282,996 292,676
Effect of exchange rate changes on cash and cash equivalents 13,053 (6,686)
Cash and cash equivalents:    
Net (decrease) (469,824) (334,282)
Balance at beginning of year 822,854 642,923
Balance at end of period 353,030 308,641
Interest paid, net 50,594 50,290
Income taxes paid, net $ 12,175 $ 17,003