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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 28,139 $ 22,829
Adjustments for items not affecting cash:    
Depreciation and amortization expenses 21,070 19,293
Stock-based compensation expense 7,193 2,973
Deferred income tax expense 963 1,331
Unrealized foreign exchange loss 459 782
Gain on disposition of property, plant and equipment (68) (47)
Amortization of debt issuance costs 720 756
Gain on disposition of equity investment   (1,700)
Amortization of right-of-use assets 3,172 3,343
Other, net 1,184 1,282
Net changes in operating assets and liabilities 117,855 (46,710)
Net cash provided by operating activities 180,687 4,132
Investing activities:    
Property, plant and equipment additions (1,556) (3,495)
Proceeds on disposition of property, plant and equipment 66 333
Intangible asset additions (8,769) (7,220)
Issuance of loans receivable   (2,984)
Repayment of loans receivable 224 180
Distribution from equity investment   4,212
Proceeds on contingent consideration from equity investment   1,700
Net cash used in investing activities (10,035) (7,274)
Financing activities:    
Share repurchase   (53,170)
Dividends paid to stockholders (24,181) (21,905)
Proceeds from exercise of options and share option plans 6,719 7,054
Payment of withholding taxes on issuance of shares (7,542) (2,984)
Net increase (decrease) in short-term debt (2,886) 29,069
Repayment of long-term debt (2,626) (4,236)
Repayment of finance lease obligations (2,629) (2,189)
Net cash used in financing activities (33,145) (48,361)
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash (2,782) (12,828)
Increase (decrease) 134,725 (64,331)
Beginning of period 306,895 420,256
Cash, cash equivalents, and restricted cash, end of period $ 441,620 $ 355,925