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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Cash Flows [Abstract]    
Net income $ 50,387 $ 36,826
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss/(gain) on sale of assets and other 333 (58)
Depreciation and amortization 11,225 9,734
Noncash lease expense 2,393 1,997
Deferred income taxes 314 1,430
Noncash compensation related to stock plans 6,542 277
Provision of doubtful accounts (215) 721
Changes in operating assets and liabilities:    
Trade accounts receivable (62,660) (32,161)
Inventories (14,750) (5,962)
Trade accounts payable 17,301 11,018
Other current assets (14,109) (6,821)
Accrued liabilities and other current liabilities 22,126 (4,927)
Other noncurrent assets and liabilities (1,054) 651
Net cash provided by operating activities 17,833 12,725
Cash flows from investing activities    
Capital expenditures (10,505) (6,795)
Invest in equity investments (5,329) 0
Proceeds from sale of property and equipment 105 561
Net cash used in investing activities (15,729) (6,234)
Cash flows from financing activities    
Repurchase of common stock 0 (62,679)
Proceeds from lines of credit 0 154,529
Repayments of lines of credit and capital leases (192) (5,415)
Dividends paid (9,967) (10,169)
Cash paid on behalf of employees for shares withheld (5,263) (7,699)
Net cash used by in financing activities (15,422) 68,567
Effect of exchange rate changes on cash and cash equivalents (3,893) (3,527)
Net (decrease) increase in cash and cash equivalents (17,211) 71,531
Cash and cash equivalents at beginning of period 274,639 230,210
Cash and cash equivalents at end of period 257,428 301,741
Noncash activity during the period    
Noncash capital expenditures 1,526 289
Dividends declared but not paid 9,967 10,204
Issuance of Company’s common stock for compensation $ 692 $ 322