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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 187,776,000 $ 151,037,000 $ 110,027,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization including impairment loss 17,331,000 22,539,000 12,698,000
Provision for doubtful accounts (1,734,000) 2,353,000 853,000
Noncash stock compensation 2,525,000 3,143,000 2,853,000
Share of (income) loss of equity investment (317,000) 49,000 (53,000)
Noncash lease expense 5,448,000 4,980,000 7,302,000
Deferred tax benefit (2,987,000) (3,604,000) (465,000)
Change in fair value of derivatives (301,000) 227,000 65,000
Changes in:      
Accounts receivable (36,843,000) (59,640,000) (45,395,000)
Inventories (73,700,000) (98,297,000) (49,815,000)
Other assets 11,868,000 (13,651,000) (16,725,000)
Operating lease liabilities (5,290,000) (4,795,000) (7,503,000)
Accounts payable and accrued expenses 3,064,000 64,738,000 103,046,000
Income taxes, net (1,066,000) 3,952,000 2,698,000
Net cash provided by operating activities 105,774,000 73,031,000 119,586,000
Cash flows from investing activities:      
Purchases of short-term investments (221,111,000) (1,038,000) (55,691,000)
Proceeds from sale of short-term investments 281,741,000 896,000 10,644,000
Purchase of property, equipment and leasehold improvements (6,465,000) (33,756,000) (141,274,000)
Payment for intangible assets acquired (46,903,000) (56,746,000) (1,545,000)
Net cash provided by (used in) investing activities 7,262,000 (90,644,000) (187,866,000)
Cash flows from financing activities:      
Proceeds from loans payable, bank 4,325,000
Proceeds from issuance of long-term debt 52,492,000 157,382,000
Repayment of long-term debt (28,800,000) (19,861,000) (43,056,000)
Proceeds from exercise of options 8,025,000 6,003,000 5,393,000
Purchase of subsidiary shares from noncontrolling interests (1,027,000) (4,403,000)
Dividends paid (80,047,000) (63,743,000) (31,690,000)
Dividends paid to noncontrolling interests (20,301,000) (16,056,000) (9,836,000)
Purchase of treasury stock (15,389,000)
Net cash (used in) provided by financing activities (133,214,000) (45,568,000) 78,193,000
Effect of exchange rate changes on cash 3,927,000 (493,000) (11,207,000)
Net decrease in cash and cash equivalents (16,251,000) (63,674,000) (1,294,000)
Cash and cash equivalents – beginning of year 104,713,000 168,387,000 169,681,000
Cash and cash equivalents – end of year 88,462,000 104,713,000 168,387,000
Cash paid for:      
Interest 5,823,000 2,987,000 2,468,000
Income taxes $ 60,990,000 $ 38,492,000 $ 40,497,000