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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash Flows from Operating Activities:          
Net Income $ 99,922 $ 84,298 $ 273,313 $ 221,931  
Adjustments to reconcile net income to net cash provided by operations:          
Depreciation     162,925 150,718  
Amortization     33,407 33,494  
Stock-based compensation     37,962 36,084  
(Release) provision for CECL     (1,221) 3,449  
Gain on disposition of fixed assets     (462) (3,753)  
Net gain on remeasurement of equity securities     (1,495) (1,839)  
Deferred income taxes     (11,653) (16,978)  
Defined benefit plan expense     9,296 10,659  
Equity in results of affiliates     168 (1,514)  
Changes in balance sheet items, excluding effects from foreign currency adjustments:          
Accounts and other receivables     (24,054) (43,061)  
Inventories     22,653 (5,188)  
Prepaid and other current assets     (13,970) (19,236)  
Accounts payable, accrued and other liabilities     (14,371) 3,860  
Income taxes payable     6,672 (8,732)  
Retirement and deferred compensation plan liabilities     (3,832) 1,323  
Other changes, net     (10,164) (5,615)  
Net Cash Provided by Operations     465,174 355,602  
Cash Flows from Investing Activities:          
Capital expenditures     (210,416) (231,199)  
Proceeds from sale of property, plant and equipment     1,020 6,037  
Maturity of short-term investment     (2,242) 0  
Acquisition of businesses, net of cash acquired and release of escrow     0 (16,570)  
Acquisition of intangible assets, net     (13,242) (3,648)  
Proceeds from sale of investment in equity securities     0 5,604  
Notes receivable, net     (776) 439  
Net Cash Used by Investing Activities     (225,656) (239,337)  
Cash Flows from Financing Activities:          
Proceeds from notes payable and overdrafts     22,302 24,392  
Repayments of notes payable and overdrafts     (23,184) (27,863)  
Proceeds and (repayments) of short-term revolving credit facility, net     138,058 123,514  
Proceeds from long-term obligations     168,614 257  
Repayments of long-term obligations     (372,393) (117,289)  
Payment of contingent consideration obligation     0 (22,750)  
Dividends paid     (84,108) (76,711)  
Proceeds from stock option exercises     44,364 39,742  
Purchase of treasury stock     (31,303) (37,302)  
Net Cash Used by Financing Activities     (137,650) (94,010)  
Effect of Exchange Rate Changes on Cash     13 (12,914)  
Net Increase in Cash and Equivalents and Restricted Cash     101,881 9,341  
Cash and Equivalents and Restricted Cash at Beginning of Period     223,643 142,732 $ 142,732
Cash and Equivalents and Restricted Cash at End of Period 325,524 152,073 325,524 152,073 223,643
Cash and equivalents 325,524 151,573 325,524 151,573 223,643
Restricted cash included in prepaid and other 0 500 0 500  
Total Cash and Equivalents and Restricted Cash shown in the Statement of Cash Flows $ 325,524 $ 152,073 $ 325,524 $ 152,073 $ 223,643