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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 71,977 $ 74,173
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions    
Depreciation 29,793 24,729
Amortization of intangible assets 3,852 3,862
Share-based compensation expense 9,820 7,902
Deferred income taxes (404) (347)
Investment (gain) loss (3,829) (5,518)
Other 299 (1,383)
Changes in operating assets:    
Change in accounts receivable 1,544 (6,626)
Change in inventory 20,759 (25,074)
Change in other operating assets 4,964 (2,282)
Changes in operating liabilities:    
Change in accounts payable (17,718) (8,549)
Change in accrued liabilities (36,289) (13,751)
Change in income tax payable 13,932 16,461
Change in other operating liabilities 1,111 (2,316)
Net cash flows provided by operating activities 99,811 72,317
Cash flows from investing activities    
Acquisitions, net of cash received 0 (13,269)
Purchases of property, plant and equipment (48,003) (38,542)
Proceeds from sale of property, plant and equipment 99 188
Proceeds from short-term investments 807 3,046
Purchases of short-term investments (2,469) (5,998)
Proceeds from sale of securities 417  
Other 1,018 (311)
Net cash and cash equivalents used in investing activities (48,131) (54,886)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 8,173 37,782
Repayments of lines of credit and short-term debt (10,139) (26,883)
Proceeds from long-term debt 263 45,000
Repayments of long-term debt (59,061) (123,545)
Net proceeds from issuance of common stock 0 84
Repayment of and proceeds from finance lease obligation (7) (61)
Taxes paid related to net share settlement (9,669) (8,032)
Net changes in noncontrolling interest 107 3
Other 15 (207)
Net cash and cash equivalents used in financing activities (70,318) (75,859)
Effect of exchange rate changes on cash and cash equivalents 3,446 (2,385)
Change in cash and cash equivalents, including restricted cash (15,192) (60,813)
Cash and cash equivalents, beginning of period, including restricted cash 341,099 366,818
Cash and cash equivalents, end of period, including restricted cash 325,907 306,005
Supplemental Cash Flow Information    
Interest paid during the period 1,941 878
Taxes paid during the period 5,388 476
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 27,113 $ 22,904