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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net Income $ 30,912 $ 32,637
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation 7,001 6,649
Amortization 336 375
Share-based compensation 3,654 3,259
Equity earnings in unconsolidated investments, net (88) (65)
Impairment of goodwill and other assets 6,944 0
Other 3,715 512
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (124,542) (103,122)
Product inventories (156,856) (128,206)
Prepaid expenses and other assets 4,633 (1,427)
Accounts payable 256,874 230,030
Accrued expenses and other current liabilities (12,855) (11,838)
Net Cash Provided by operating activities 19,728 28,804
Investing activities    
Acquisition of businesses, net of cash acquired (13,642) (9,370)
Purchases of property and equipment, net of sale proceeds (8,340) (6,739)
Net cash used in investing activities (21,982) (16,109)
Financing activities    
Proceeds from revolving line of credit 248,700 206,190
Payments on revolving line of credit (256,543) (253,249)
Proceeds from asset-backed financing 97,400 80,100
Payments on asset-backed financing (17,300) (13,500)
Payments on term facility 2,313 0
Proceeds from short-term borrowings and current portion of long-term debt 6,479 13,713
Payments on short-term borrowings and current portion of long-term debt (1,871) (1,148)
Payments of deferred and contingent acquisition consideration (281) (311)
Payments of deferred financing costs (12) 0
Proceeds from stock issued under share-based compensation plans 6,358 7,071
Payments of cash dividends (22,147) (17,819)
Purchases of treasury stock (66,619) (23,097)
Net cash used in financing activities (8,149) (2,050)
Effect of exchange rate changes on cash and cash equivalents (372) 1,578
Change in cash and cash equivalents (10,775) 12,223
Cash and cash equivalents at beginning of period 28,583 16,358
Cash and cash equivalents at end of period $ 17,808 $ 28,581