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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 147,266 $ 191,355 $ 173,553
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 76,320 73,991 76,650
Non-cash lease expense 48,704 46,163 44,460
Stock-based compensation 23,194 24,060 9,909
Foreign currency (gains)/losses 7,056 (287) 3,829
Loss on disposal of assets 13,026 3,209 0
Impairment of fixed assets 31,892 0 0
Unrealized (gain)/losses on equity investments (18,077) 0 0
Deferred taxes 5,821 (11,914) 1,965
Changes in operating assets and liabilities:      
Accounts receivable, net 20,219 (11,207) 2,746
Inventories, net (95,320) (31,137) 18,446
Prepaid expenses and other 15,132 (153) (17,435)
Other assets (19,792) (31,616) (67,109)
Accounts payable (13,279) 24,836 (7,184)
Accrued expenses (104,992) 87,452 (86,997)
Other liabilities 4,412 14,389 25,098
Net cash provided by operating activities 141,582 379,141 177,931
Cash flows from investing activities:      
Purchases of property and equipment (68,615) (63,823) (66,067)
Proceeds on investment sales 15,094 14,037 11,160
Purchases of investments (16,242) (14,693) (8,432)
Acquisitions (net of cash acquired) (18,963) (14,949) (8,073)
Net cash used in investing activities (88,726) (79,428) (71,412)
Cash flows from financing activities:      
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards 13,861 5,764 (2,325)
Payment of cash dividends (76,272) (78,387) (82,189)
Repurchase of shares of common stock (80,420) (144,334) (825)
Finance lease principal payments (1,871) (709) 0
Payments on debt (115,000) (142,500) (214,455)
Proceeds from debt 155,000 115,000 145,000
Net cash used in financing activities (104,702) (245,166) (154,794)
Effect of exchange rate changes on cash (11,244) 12,506 (3,006)
Net increase (decrease) in cash and cash equivalents (63,090) 67,053 (51,281)
Cash and cash equivalents, beginning of period 402,683 335,630 386,911
Cash and cash equivalents, end of period $ 339,593 $ 402,683 $ 335,630