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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 148,854 $ 113,980
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 37,067 32,767
Non-cash lease expense 12,939 9,394
Share-based compensation 8,940 8,921
Deferred income taxes 3,783 471
(Gain)/Loss on disposals of plant and equipment 1,087 (147)
Foreign exchange (income)/expense 4,290 1,654
Changes in assets and liabilities, net of acquisitions:    
Receivables (73,995) (57,434)
Inventory (122,150) (85,873)
Accounts payable and accrued expenses 1,881 92,214
Operating leases (12,939) (9,394)
Income taxes (3,604) (4,524)
Income taxes-U.S. Tax Cuts and Jobs Act (355) (355)
Employee benefit plans 1,544 21
Other, net (182) (7,793)
Net cash flows from operating activities 7,160 93,902
Cash flows from investing activities:    
Additions to property, plant, and equipment (29,327) (20,274)
Proceeds from sale of property, plant, and equipment 6 839
Cash paid for acquisitions, net of cash acquired (1,576) (193,987)
Other, net 9 38
Net cash flows from investing activities (30,888) (213,384)
Cash flows from financing activities:    
Proceeds from issuance of debt 434,548 204,720
Repayment of debt (350,869) (102,325)
Proceeds from issuance of common stock 3,584 11,390
Purchases of common stock (30,731) (21,138)
Dividends paid (27,293) (24,499)
Net cash flows from financing activities 29,239 68,148
Effect of exchange rate changes on cash (6,524) (3,501)
Net change in cash and equivalents (1,013) (54,835)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 39,523 75,952
Cash paid for income taxes, net of refunds 38,343 24,970
Cash paid for interest 7,994 4,749
Non-cash items:    
Additions to property, plant, and equipment, not yet paid 483 398
Right-of-Use Assets obtained in exchange for new operating lease liabilities 13,745 8,097
Payable to sellers of acquired entities $ 0 $ 600