XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net (Loss) Income $ (106,471) $ 21,454
Adjustments to reconcile net (loss) income to net cash flows used for operating activities:    
Depreciation 33,734 35,888
Amortization 9,461 9,325
Share-based compensation 16,943 19,323
Bad debt expense 271 3,221
Inventory obsolescence 24,926 11,967
Deferred income taxes (9,854) 10,398
Income from equity method investments (4,737) (6,256)
Gain on sale of assets, net (551) (276)
Changes in assets and liabilities:    
Accounts receivable, net 192,853 209,044
Inventories (83,162) (203,245)
Prepaid expenses and other current assets (57,844) (46,232)
Accounts payable, accrued liabilities, and income taxes payable (204,795) (210,015)
Other, net (17,154) 1,608
Net cash flows used for operating activities (206,380) (143,796)
Cash Flows From Investing Activities:    
Purchases of tools, dies, and molds (19,924) (19,378)
Purchases of other property, plant, and equipment (23,068) (16,653)
Proceeds from (payments of) foreign currency forward exchange contracts, net 1,443 (19,298)
Proceeds from sale of assets 2,038 346
Other, net (3,000) 0
Net cash flows used for investing activities (42,511) (54,983)
Cash Flows From Financing Activities:    
Share repurchases (33,986) 0
Tax withholdings for share-based compensation (20,299) (17,555)
Proceeds from stock option exercises 2,045 13,935
Other, net (969) (593)
Net cash flows used for financing activities (53,209) (4,213)
Effect of Currency Exchange Rate Changes on Cash and Equivalents 2,582 8,261
Decrease in Cash and Equivalents (299,518) (194,731)
Cash and Equivalents at Beginning of Period 761,235 731,362
Cash and Equivalents at End of Period $ 461,717 $ 536,631