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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net income available to common stockholders $ 21,119 $ 24,946
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,086 6,663
Stock compensation expense 3,071 2,639
Other, net 244 1,619
Changes in operating assets and liabilities net of effects from acquisitions:    
Trade receivables and costs in excess of billings (7,362) (6,950)
Inventories (12,347) (17,231)
Other current assets and other assets 2,492 453
Accounts payable 12,416 35,455
Accrued expenses and other non-current liabilities (15,035) 5,587
Net cash provided by operating activities 13,684 53,181
Cash Flows from Investing Activities    
Purchases of property, plant, and equipment, net (11,431) (4,366)
Acquisitions, net of cash acquired (184,585) 0
Net proceeds from sale of business 352 0
Net cash used in investing activities (195,664) (4,366)
Cash Flows from Financing Activities    
Purchase of common stock at market prices (62,394) (1,434)
Net cash used in financing activities (62,394) (1,434)
Effect of exchange rate changes on cash 8 (142)
Net (decrease) increase in cash and cash equivalents (244,366) 47,239
Cash and cash equivalents at beginning of year 269,480 99,426
Cash and cash equivalents at end of period $ 25,114 $ 146,665