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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 74,120 $ 28,214  
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 24,516 24,614  
Stock-based compensation expense 7,436 3,295  
Other non-cash items 1,318 (2,231)  
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable, net (139,245) (74,776)  
Inventories, net (41,170) 40,883  
Prepaid expenses and other assets (3,328) 6,350  
Accounts payable, trade 49,644 31,878  
Accrued expenses and other liabilities 31,556 (13,468)  
Net cash flows provided by operating activities 4,847 44,759  
Cash flows from investing activities:      
Capital expenditures (20,957) (7,955)  
Acquisitions of businesses, net of cash acquired (2,779) (95,766)  
Other investing activities (605) 1,972  
Net cash flows used in investing activities (24,341) (101,749)  
Cash flows from financing activities:      
Vesting of stock-based awards, net of shares tendered for payment of taxes (7,767) (4,517)  
Proceeds from revolving credit facility 208,863 247,154  
Repayments under revolving credit facility (141,489) (102,330)  
Repayments under term loan and other borrowings (3,889) (3,750)  
Payment of dividends (18,939) (16,321)  
Payment of contingent consideration and holdbacks related to acquisitions (2,792) 0  
Other financing activities 0 (391)  
Net cash flows provided by financing activities 33,987 119,845  
Effect of exchange rate changes on cash and cash equivalents (2,995) (215)  
Net increase in cash and cash equivalents 11,498 62,640  
Cash and cash equivalents at beginning of period 51,821 35,359 $ 35,359
Cash and cash equivalents cash at end of period 63,319 97,999 $ 51,821
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 3,564 5,536  
Cash received during the period for income taxes, net of payments (86) (73)  
Purchase of property and equipment in accrued expenses $ 3,787 $ 2,459