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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 89,882 $ 67,526
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 24,521 20,535
Non-cash lease expense 8,526 6,471
Share-based compensation 6,322 6,573
Deferred income taxes 2,004 376
(Gain)/Loss on disposals of plant and equipment 721 131
Foreign exchange (income)/expense 914 1,246
Changes in assets and liabilities, net of acquisitions:    
Receivables (93,063) (62,860)
Inventory (123,817) (41,848)
Accounts payable and accrued expenses 29,969 50,262
Operating leases (8,526) (6,471)
Income taxes (1,891) (4,362)
Income taxes-U.S. Tax Cuts and Jobs Act (355) (355)
Employee benefit plans 826 (160)
Other, net 1,426 (1,534)
Net cash flows from operating activities (62,541) 35,530
Cash flows from investing activities:    
Additions to property, plant, and equipment (20,084) (12,777)
Proceeds from sale of property, plant, and equipment 6 8
Cash paid for acquisitions, net of cash acquired (1,365) (180,917)
Other, net (8) 27
Net cash flows from investing activities (21,451) (193,659)
Cash flows from financing activities:    
Proceeds from issuance of debt 341,810 150,343
Repayment of debt (215,538) (21,079)
Proceeds from issuance of common stock 1,916 8,989
Purchases of common stock (30,644) (11,231)
Dividends paid (18,205) (16,320)
Net cash flows from financing activities 79,339 110,702
Effect of exchange rate changes on cash (2,658) (1,763)
Net change in cash and equivalents (7,311) (49,190)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 33,225 81,597
Cash paid for income taxes, net of refunds 24,739 17,496
Cash paid for interest 4,235 2,505
Non-cash items:    
Additions to property, plant, and equipment, not yet paid 571 492
Right-of-Use Assets obtained in exchange for new operating lease liabilities 8,359 5,515
Payable to sellers of acquired entities $ 0 $ 600