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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 36,247 $ 43,804
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,479 5,768
Share-based compensation 4,912 3,849
Non-cash contribution to 401(k) plan 4,543 4,274
Provision for doubtful accounts 2,005 1,406
Other income from investment in unconsolidated entity (1,014) (1,444)
Other, net 668 (221)
Changes in operating assets and liabilities:    
Accounts receivable (46,534) (2,329)
Inventories (27,280) (55,560)
Accounts payable and other liabilities 66,049 55,350
Other, net (4,216) (1,961)
Net cash provided by operating activities 41,859 52,936
Cash flows from investing activities:    
Capital expenditures (3,859) (4,132)
Proceeds from sale of property and equipment 10 29
Net cash used in investing activities (3,849) (4,103)
Cash flows from financing activities:    
Dividends on Common and Class B common stock (61,238) (59,965)
Repurchases of common stock to satisfy employee withholding tax obligations (791) (428)
Net repayments of long-term obligations (343) (230)
Proceeds from short-term borrowings   2,340
Net proceeds under revolving credit agreement 443 2,300
Net proceeds from issuances of common stock 2,541 1,127
Net cash used in financing activities (59,388) (54,856)
Effect of foreign exchange rate changes on cash and cash equivalents (1,840) 402
Net decrease in cash and cash equivalents (23,218) (5,621)
Cash and cash equivalents at beginning of period 74,454 82,894
Cash and cash equivalents at end of period $ 51,236 $ 77,273