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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 138,099 $ 136,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 19,531 18,169
Depreciation and amortization 14,736 11,138
Loss on disposal of fixed assets 112 204
Impairment of intangibles 10,335 0
Loss on divestiture of business 3,199 0
Impairment of lease right-of-use asset 0 95
Accrued interest on note receivable - related party 0 (6)
Notes receivable - related party 0 307
Change in valuation of contingent payment liability 5,616 0
Other operating activities (48) 417
Changes, net of acquisitions, in:    
Accounts receivable (15,794) (20,601)
Factor accounts receivable 108,276 93,274
Inventories (39,064) 23,541
Prepaid expenses, income tax receivables, prepaid taxes, and other assets (864) (264)
Accounts payable and accrued expenses 66,853 4,991
Accrued incentive compensation 1,382 (1,598)
Leases and other liabilities (1,572) (2,331)
Net Cash Provided by (Used in) Operating Activities 94,245 77,756
Cash flows from investing activities:    
Capital expenditures 16,642 13,899
Purchases of short-term investments 12,840 15,979
Maturity/sale of short-term investments 16,654 16,335
Other investing activities 372 0
Net cash used in investing activities (16,715) (13,543)
Cash flows from financing activities:    
Common stock purchased for treasury (95,788) (104,215)
Proceeds from exercise of stock options 1,086 1,171
Investment of noncontrolling interest 0 4,582
Cash dividends paid on common stock (45,880) (47,594)
Net cash used in financing activities (140,582) (147,158)
Effect of exchange rate changes on cash and cash equivalents (2,174) 36
Net decrease in cash and cash equivalents (65,226) (82,909)
Cash and cash equivalents 139,414 191,804
Payments to Acquire Businesses, Gross (4,259) 0
Payments to Noncontrolling Interests $ 0 $ (1,102)