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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows provided by (used in) operating activities:      
Net income $ 288,403 $ 276,378 $ 325,965
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 319,163 275,884 263,233
Amortization of debt discount and debt issuance costs 5,533 5,472 5,365
Rationalization charges 60,509 59,481 8,412
Stock compensation expense 18,020 15,524 15,572
Loss on early extinguishment of debt 0 1,056 0
Deferred income tax provision (benefit) 19,278 (33,055) 33,108
Other changes that provided (used) cash, net of effects from acquisitions:      
Trade accounts receivable, net 50,472 37,301 73,697
Inventories (116,031) 57,723 (162,266)
Trade accounts payable 96,825 76,247 (3,820)
Accrued liabilities 34,209 (46,819) (54,860)
Other, net (46,540) (3,319) (21,810)
Net cash provided by operating activities 729,841 721,873 482,596
Cash flows provided by (used in) investing activities:      
Purchase of business, net of cash acquired 0 (921,563) 0
Capital expenditures (307,092) (262,786) (226,810)
Proceeds from asset sales 10,040 7,797 1,755
Other, net (253) 258 1,242
Net cash (used in) investing activities (297,305) (1,176,294) (223,813)
Cash flows provided by (used in) financing activities:      
Borrowings under revolving loans 1,511,633 993,088 1,122,095
Repayments under revolving loans (1,535,385) (1,011,203) (1,121,054)
Repayment of principal amounts under finance leases (4,914) (27,627) (2,911)
Changes in outstanding checks – principally vendors 12,398 (75,606) 99,144
Proceeds from issuance of long-term debt 703,620 983,588 12,305
Repayments of long-term debt (725,196) (100,000) (58,083)
Debt issuance costs (8,980) (8,346) 0
Dividends paid on common stock (85,771) (82,055) (78,894)
Repurchase of common stock (74,904) (9,317) (183,993)
Net cash (used in) provided by financing activities (207,499) 662,522 (211,391)
Effect of exchange rate changes on cash and cash equivalents 32,768 (28,170) 9,909
Cash and cash equivalents:      
Net increase 257,805 179,931 57,301
Balance at beginning of year 822,854 642,923 585,622
Balance at end of year 1,080,659 822,854 642,923
Interest paid, net 185,283 160,183 155,399
Income taxes paid, net of refunds $ 103,678 $ 91,552 $ 116,382