XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:            
Net income $ 35,073 $ 48,915 $ 71,859 $ 123,508    
Adjustments to reconcile net income to net cash provided by operating activities:            
Stock-based compensation 6,100 6,170 12,239 12,150    
Depreciation and amortization     7,257 10,471    
Loss on disposal of fixed assets     193 260    
Impairment of lease right-of-use asset     95 0    
Deferred taxes     0 (1,936)    
Accrued interest on note receivable - related party     (4) (8)    
Change in valuation of contingent payment liabilities     0 (4,960)    
Changes, net of acquisitions, in:            
Accounts receivable     (3,395) (4,564)    
Increase (Decrease) in Accounts and Other Receivables     6,256 (20,589)    
Notes receivable - related party     204 204    
Inventories     22,417 (53,222)    
Prepaid expenses, income tax receivables, prepaid taxes, and other assets     (8,572) (7,676)    
Accounts payable and accrued expenses     (7,316) (44,197)    
Accrued incentive compensation     (4,551) (6,537)    
Payment for Contingent Consideration Liability, Operating Activities     0 (339)    
Net Cash Provided by (Used in) Operating Activities     82,257 40,286    
Cash flows from investing activities:            
Capital expenditures 4,003 1,667 7,793 5,263    
Payments to Acquire Intangible Assets     0 (2,000) $ (2,000)  
Payments to Acquire Short-term Investments     11,406 38,951    
Proceeds from Sale of Short-term Investments     10,445 53,803    
Net cash (used in)/provided by investing activities     (8,754) 7,589    
Cash flows from financing activities:            
Tax benefit from the exercise of options 606 140 870 415    
Common stock purchased for treasury (25,784) (34,628) (64,235) (77,027)    
Cash dividends paid on common stock     (31,895) (33,389)    
Payment for Contingent Consideration Liability, Financing Activities     0 (4,770)    
Net cash used in financing activities     (90,678) (114,771)    
Effect of Exchange Rate on Cash and Cash Equivalents     518 (1,674)    
Net decrease in cash and cash equivalents     (16,657) (68,570)    
Payments to Noncontrolling Interests     4,582 0    
Payments to Noncontrolling Interests     4,582 0    
Payments for Other Operating Activities     26      
Payments to Acquire Intangible Assets     0 2,000 2,000  
Cash and cash equivalents $ 258,056 $ 150,929 258,056 150,929 $ 274,713 $ 219,499
Short-Term Lease Payments     (1,939) (3,457)    
Payment for Contingent Consideration Liability, Operating Activities     0 339    
Payment for Contingent Consideration Liability, Financing Activities     $ 0 $ 4,770