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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows provided by (used in) operating activities:    
Net income $ 63,039 $ 67,962
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 84,932 79,363
Amortization of debt discount and debt issuance costs 1,634 1,413
Rationalization charges 9,047 10,959
Stock compensation expense 5,699 4,380
Loss on early extinguishment of debt 1,017 0
Other changes that provided (used) cash:    
Trade accounts receivable, net (575,596) (404,478)
Inventories (54,023) (115,166)
Trade accounts payable (313,941) (281,591)
Accrued liabilities (17,839) (33,346)
Other, net (3,542) (12,897)
Net cash (used in) operating activities (799,573) (683,401)
Cash flows provided by (used in) investing activities:    
Capital expenditures (82,444) (82,924)
Proceeds from asset sales 2,067 52
Other, net 396 400
Net cash (used in) investing activities (79,981) (82,472)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 1,069,325 1,110,508
Repayments under revolving loans (162,528) (6,107)
Repayment of principal amounts under finance leases (1,181) (1,348)
Repayments of long-term debt (542,500) (706,274)
Changes in outstanding checks - principally vendors (97,369) (84,971)
Dividends paid on common stock (22,849) (21,939)
Debt issuance costs (1,260) 0
Repurchase of common stock (7,844) (6,873)
Net cash provided by financing activities 233,794 282,996
Effect of exchange rate changes on cash and cash equivalents 530 13,053
Cash and cash equivalents:    
Net (decrease) (645,230) (469,824)
Balance at beginning of year 1,080,659 822,854
Balance at end of period 435,429 353,030
Interest paid, net 52,308 50,594
Income taxes paid, net $ 7,881 $ 12,175