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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net Income $ 125,339,000 $ 52,977,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and long-lived asset impairments 33,278,000 34,714,000
Amortization of lease right-of-use asset 16,866,000 16,492,000
Net pension benefit and special separation benefit expense (29,056,000) (23,162,000)
Gain on marketable equity securities and cost method investments, net (103,746,000) (19,853,000)
Gain on disposition of property, plant and equipment and investments, net (487,000) (1,053,000)
Credit loss expense and provision for other receivables 1,696,000 15,000
Stock-based compensation expense, net of forfeitures 1,444,000 1,802,000
Foreign exchange (gain) loss (617,000) 1,504,000
Equity in earnings of affiliates, net of distributions (131,000) (4,655,000)
Provision for (benefit from) deferred income taxes 12,255,000 (1,781,000)
Change in operating assets and liabilities:    
Accounts receivable, net 21,523,000 47,244,000
Inventories (28,754,000) (19,318,000)
Accounts payable and accrued liabilities (43,762,000) (48,264,000)
Deferred revenue (1,130,000) 4,614,000
Income taxes receivable/payable 27,161,000 17,274,000
Lease liabilities (16,424,000) (16,182,000)
Other assets and other liabilities, net (14,958,000) (18,800,000)
Other 570,000 (757,000)
Net Cash Provided by Operating Activities 1,067,000 22,811,000
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (21,258,000) (22,554,000)
Investments in equity affiliates, cost method investments (526,000) (4,735,000)
Net proceeds from disposition of property, plant and equipment, and investments 495,000 2,706,000
Proceeds from sales of marketable equity securities 0 29,028,000
Purchases of marketable equity securities 0 (6,162,000)
Other 327,000 (237,000)
Net Cash Used in Investing Activities (20,962,000) (1,954,000)
Cash Flows from Financing Activities    
Net proceeds from vehicle floor plan payable 26,803,000 7,196,000
Common shares repurchased (20,028,000) (23,439,000)
Net borrowings (payments) under revolving credit facilities 9,245,000 (33,000,000)
Dividends paid (7,678,000) (7,910,000)
Repayments of borrowings (4,902,000) (3,999,000)
Proceeds from bank overdrafts 757,000 3,153,000
Other (2,671,000) 197,000
Net Cash Provided by (Used in) Financing Activities 1,526,000 (57,802,000)
Effect Of Currency Exchange Rate Change (4,539,000) 1,235,000
Net Decrease in Cash and Cash Equivalents and Restricted Cash (22,908,000) (35,710,000)
Beginning Cash and Cash Equivalents and Restricted Cash 201,891,000 190,432,000
Ending Cash and Cash Equivalents and Restricted Cash $ 178,983,000 $ 154,722,000