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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 15,269 $ 71,977
Adjustments to reconcile net income to net cash flows from operating activities, net of effects of acquisitions    
Depreciation 31,031 29,793
Amortization of intangible assets 3,810 3,852
Share-based compensation expense 5,072 9,820
Deferred income taxes (318) (404)
Investment gain (376) (3,829)
Gain on disposal of property, plant, and equipment (4,872) (48)
Other (3,334) 347
Changes in operating assets:    
Change in accounts receivable (17,731) 1,544
Change in inventory (40,435) 20,759
Change in other operating assets 3,478 4,964
Changes in operating liabilities:    
Change in accounts payable (9,117) (17,718)
Change in accrued liabilities (15,469) (36,289)
Change in income tax payable 2,857 13,932
Change in other operating liabilities (1,008) 1,111
Net cash flows from operating activities (31,143) 99,811
Cash flows from investing activities    
Purchases of property, plant, and equipment (20,381) (48,003)
Proceeds from sale of property, plant and equipment 122 99
Proceeds from short-term investments 1,563 807
Purchases of short-term investments (1,483) (2,469)
Proceeds from sales of securities 0 417
Other 1,900 1,018
Net cash flows from investing activities (18,279) (48,131)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 8,926 8,173
Repayments of lines of credit and short-term debt 0 (10,139)
Proceeds from long-term debt 3,155 263
Repayments of long-term debt (3,439) (59,061)
Repayment of and proceeds from finance lease obligation (14) (7)
Taxes paid related to net share settlement (5,392) (9,669)
Net changes in noncontrolling interest 171 107
Other (225) 15
Net cash flows from financing activities 3,182 (70,318)
Effect of exchange rate changes on cash and cash equivalents (1,683) 3,446
Change in cash and cash equivalents, including restricted cash (47,923) (15,192)
Cash and cash equivalents, beginning of period, including restricted cash 318,483 341,099
Cash and cash equivalents, end of period, including restricted cash 270,560 325,907
Supplemental Cash Flow Information    
Interest paid during the period 463 1,941
Taxes paid during the period 2,562 5,388
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 11,717 $ 27,113