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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows provided by (used in) operating activities:    
Net income $ 135,772 $ 77,696
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 104,197 104,102
Rationalization charges 4,741 45,400
Stock compensation expense 9,056 8,244
Loss on early extinguishment of debt 1,481 0
Other changes that provided (used) cash, net of effects from acquisitions:    
Trade accounts receivable, net (179,949) (155,198)
Inventories (148,141) (187,790)
Trade accounts payable (68,026) (19,421)
Accrued liabilities 67,936 (22,875)
Other, net 9,129 20,764
Net cash used in operating activities (63,804) (129,078)
Cash flows provided by (used in) investing activities:    
Purchase of businesses, net of cash acquired (941,102) 0
Capital expenditures (106,436) (116,165)
Other, net 983 560
Net cash used in investing activities (1,046,555) (115,605)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 927,302 703,359
Repayments under revolving loans (570,955) (287,368)
Proceeds from issuance of long-term debt 1,639,661 0
Repayments of long-term debt (766,170) (8,161)
Changes in outstanding checks - principally vendors (79,006) (83,670)
Dividends paid on common stock (27,121) (26,415)
Debt issuance costs (10,265) 0
Repurchase of common stock (13,155) (15,252)
Net cash provided by financing activities 1,100,291 282,493
Effect of exchange rate changes on cash and cash equivalents (2,674) 712
Cash and cash equivalents:    
Net (decrease) increase (12,742) 38,522
Balance at beginning of year 203,824 72,819
Balance at end of period 191,082 111,341
Interest paid, net 38,058 53,069
Income taxes paid, net $ 28,974 $ 23,634