Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net Income	$ 188,467	$ 164,027
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation	13,993	13,558
Amortization	655	713
Share-based compensation	7,221	6,594
Equity earnings in unconsolidated investments, net	(162)	(134)
Impairment of goodwill and other assets	6,944	0
Other	3,171	2,558
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables	(229,506)	(206,271)
Product inventories	75,199	(5,380)
Prepaid expenses and other assets	(677)	4,831
Accounts payable	84,190	97,232
Accrued expenses and other current liabilities	71,705	19,713
Net Cash Provided by operating activities	221,200	97,441
Investing activities
Acquisition of businesses, net of cash acquired	(13,711)	(9,345)
Purchases of property and equipment, net of sale proceeds	(13,031)	(19,193)
Net cash used in investing activities	(26,742)	(28,538)
Financing activities
Proceeds from revolving line of credit	318,155	545,834
Payments on revolving line of credit	(504,140)	(657,180)
Proceeds from asset-backed financing	191,700	176,100
Payments on asset-backed financing	(71,700)	(54,200)
Payments on term facility	(4,625)	0
Proceeds from short-term borrowings and current portion of long-term debt	10,731	22,687
Payments on short-term borrowings and current portion of long-term debt	(12,918)	(7,881)
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	10,811	12,603
Payments of cash dividends	(45,312)	(39,753)
Purchases of treasury stock	(70,203)	(23,097)
Net cash used in financing activities	(177,794)	(25,198)
Effect of exchange rate changes on cash and cash equivalents	(1,062)	631
Change in cash and cash equivalents	15,602	44,336
Cash and cash equivalents at beginning of period	28,583	16,358
Cash and cash equivalents at end of period	$ 44,185	$ 60,694

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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.

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The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.

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Amount of cash inflow from issuance of shares under share-based payment arrangement. Includes, but is not limited to, option exercised.

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Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.

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Amount of cash inflow (outflow) from financing activities classified as other.

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Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.

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The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.

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The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt.

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Amount of noncash expense for share-based payment arrangement.

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