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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from (used for) operating activities:    
Net income $ 74,926 $ 51,657
Adjustments to reconcile net income to net cash from (used for) operating activities -    
Depreciation and amortization 10,156 10,912
(Gain) on disposition of property and equipment (2,183) 0
Stock-based compensation 662 534
Other long-term assets 1,854 5,169
Other long-term liabilities 8,738 (1,792)
Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital 94,153 66,480
Changes in working capital:    
Accounts receivable (36,347) (112,850)
Inventories (26,106) (133,276)
Prepaid expenses and other (4,359) (5,176)
Accounts payable 28,922 66,181
Change in outstanding checks 4,839 918
Accrued payroll and other accrued liabilities (13,415) 21,979
Increase (Decrease) in Operating Capital, Total (46,466) (162,224)
Net cash from (used for) operating activities 47,687 (95,744)
Cash flows from (used for) investing activities:    
Capital expenditures (10,022) (4,579)
Proceeds from disposition of property and equipment 3,292 23
Net cash (used for) investing activities (6,730) (4,556)
Cash flows from (used for) financing activities:    
Credit facility revolver borrowings 384,392 313,167
Credit facility revolver repayments (424,276) (204,801)
Principal payment under capital lease obligation (336) (353)
Credit facility fees and expenses (100) (1,167)
Dividends paid (2,003) (443)
Net cash from (used for) financing activities (42,323) 106,403
Cash and cash equivalents:    
Net change (1,366) 6,103
Beginning balance 9,812 5,533
Ending balance 8,446 11,636
Interest paid 4,006 3,240
Income taxes paid $ 18,985 $ 10,578