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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings $ 56,631 $ 43,168
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 13,314 14,222
Provision for losses on accounts receivable 1,031 2,178
Non-cash stock-based compensation 5,007 4,716
Deferred income taxes (1,715) 643
Amortization of debt discount and issuance costs 1,623 4,172
Other adjustments (106) (7,617)
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (103,326) 93,485
Increase in inventories (57,876) (67,946)
Decrease in other assets 4,111 16,759
Decrease in accounts payable (137,144) (25,315)
Decrease in accrued expenses and other liabilities (65,789) (35,759)
Net cash (used in) provided by operating activities (284,239) 42,706
Cash flows from investing activities:    
Proceeds from sale of assets 0 27,211
Purchases of property and equipment (25,745) (7,847)
Net cash (used in) provided by investing activities (25,745) 19,364
Cash flows from financing activities:    
Net borrowings (repayments) under inventory financing facilities 6,692 (17,782)
Other payments (6,738) (7,485)
Net cash provided by (used in) financing activities 319,954 (49,267)
Foreign currency exchange effect on cash, cash equivalents and restricted cash balances 969 (2,445)
Increase in cash, cash equivalents and restricted cash 10,939 10,358
Cash, cash equivalents and restricted cash at beginning of period 105,977 130,582
Cash, cash equivalents and restricted cash at end of period 116,916 140,940
ABL Facility    
Cash flows from financing activities:    
Borrowings on ABL revolving credit facility 1,151,440 897,848
Repayments on ABL revolving credit facility $ (831,440) $ (921,848)