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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows - operating activities:    
Net income (in US dollars) $ 444,721 $ 252,068
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,408 25,393
Amortization of identifiable intangible assets 36,412 32,100
Provision for credit losses 12,251 3,115
Non-cash share-based compensation expense 11,371 7,535
Other reconciling items (5,240) (6,800)
Changes in operating assets and liabilities, excluding the effect of businesses acquired (114,965) (98,479)
Net cash provided by operating activities 411,958 214,932
Cash flows - investing activities:    
Payments for acquisitions of businesses, net of cash acquired (173,265) (22,384)
Proceeds from sale or disposal of property, plant, and equipment 1,655 10,514
Purchases of property, plant, and equipment (39,529) (36,564)
Net cash used in investing activities (211,139) (48,434)
Cash flows - financing activities:    
Proceeds from revolving credit facility 0 100,000
Repayments of revolving credit facility 0 (100,000)
Repayments of finance lease liabilities (1,393) (1,477)
Dividends paid to stockholders (20,219) (15,714)
Repurchases of common stock (149,009) (105,299)
Taxes paid related to net share settlements of equity awards (11,766) (5,295)
Issuances of common stock under employee stock purchase plan 943 4,441
Payments for contingent consideration arrangements 0 (3,026)
Net cash used in financing activities (181,444) (126,370)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (927) 5,856
Increase in cash, cash equivalents, and restricted cash 18,448 45,984
Cash, cash equivalents, and restricted cash at beginning of year (1) [1] 789,750 457,068
Cash, cash equivalents, and restricted cash at end of period (2) [2] $ 808,198 $ 503,052
[1] Includes $0.6 million of restricted cash classified as “Prepaid expenses and other” in the Consolidated Balance Sheets as of December 31, 2022.
[2] Includes $0.9 million of restricted cash classified as “Prepaid expenses and other” in the Consolidated Balance Sheets as of June 30, 2024.