XML 73 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 28,240 $ 20,703
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,599 20,537
Loss on sale or abandonment of property and equipment 35 207
Write-off of certain intangible assets and other long-term assets 202  
Amortization of right-of-use operating lease assets 3,122 2,662
Adjustments related to contingent consideration liabilities (117) 521
Amortization of deferred credits (26) (26)
Amortization of long-term debt issuance costs 1,477 151
Stock-based compensation expense 5,234 3,969
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Trade receivables (4,182) (4,880)
Other receivables (705) (1,465)
Inventories (382) (22,974)
Prepaid expenses and other current assets 765 1,386
Income tax refund receivables 305 (270)
Other assets (2,947) (79)
Trade payables (14,148) (2,963)
Accrued expenses (8,891) (3,571)
Income taxes payable 3,651 2,658
Deferred compensation payable 1,061 605
Operating lease liabilities (2,931) (2,237)
Other long-term obligations 2,854 (389)
Total adjustments 7,976 (6,158)
Net cash, cash equivalents, and restricted cash provided by operating activities 36,216 14,545
Capital expenditures for:    
Property and equipment (11,682) (12,785)
Intangible assets (861) (271)
Proceeds from the sale of property and equipment   200
Issuance of note receivables (6,162)  
Cash paid in acquisitions, net of cash acquired (3,346) (2,000)
Net cash, cash equivalents, and restricted cash used in investing activities (22,051) (14,856)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 7,730 4,028
Proceeds from issuance of long-term debt   49,687
Payments on long-term debt (24,063) (50,052)
Contingent payments related to acquisitions (78) (2,568)
Payment of taxes related to an exchange of common stock (1,592) (1,592)
Net cash, cash equivalents, and restricted cash used in financing activities (18,003) (497)
Effect of exchange rates on cash, cash equivalents, and restricted cash (1,319) 376
Net decrease in cash, cash equivalents and restricted cash (5,157) (432)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 589,144 60,558
End of period 583,987 60,126
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 581,921 57,945
Restricted cash reported in prepaid expenses and other current assets $ 2,066 $ 2,181
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration] Prepaid Expense and Other Assets, Current Prepaid Expense and Other Assets, Current
Total cash, cash equivalents and restricted cash $ 583,987 $ 60,126
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $207 and $311, respectively) 2,393 2,002
Income taxes 2,066 2,467
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 5,163 3,587
Acquisition purchases in accrued expenses and other long-term obligations 6,417 3,596
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 7,759 $ 87