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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net income $ 32,909 $ 11,873
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,854 10,406
Deferred income taxes 105 721
Non-cash stock based compensation 2,740 1,942
Change in defined benefit pension plans (477) 85
Loss on sale of property and equipment 242 119
Operating lease expense 2,575 1,651
Changes in assets and liabilities:    
Accounts receivable, net (13,931) (2,040)
Inventory (11,546) (404)
Other assets 555 (4,805)
Accounts payable 18,113 13,540
Other liabilities (1,472) (3,669)
Net cash provided by operating activities 39,667 29,419
Investing Activities:    
Purchases of property and equipment (9,913) (3,231)
Acquisition of intangible assets   (3,141)
Proceeds from the sale of property and equipment 10 34
Other (200)  
Net cash used in investing activities (10,103) (6,338)
Financing Activities:    
Borrowing of debt   169,546
Repayments of debt (130,000) (16,111)
Cash paid for the repurchase of Common Stock   (9,092)
Proceeds from the exercise of Common Stock options 5,984 5,902
Cash paid for the cancellation of restricted stock (1,532) (404)
Acquisition contingent consideration payment (68)  
Net cash (used in) provided by financing activities (125,616) 149,841
Foreign currency effect (1,338) (426)
Net (decrease) increase in cash and cash equivalents (97,390) 172,496
Cash and cash equivalents at beginning of period 268,345 52,948
Cash and cash equivalents at end of period 170,955 225,444
Supplemental disclosure of cash flow information:    
Cash paid for taxes 2,555 3,525
Cash paid for interest $ 844 $ 537