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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 66,127 $ 36,247
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 6,898 6,479
Share-based compensation 5,892 4,912
Non-cash contribution to 401(k) plan 5,154 4,543
Provision for doubtful accounts 393 2,005
Other income from investment in unconsolidated entity (4,671) (1,014)
Other, net 1,042 668
Changes in operating assets and liabilities:    
Accounts receivable (61,072) (46,534)
Inventories, net (204,593) (27,280)
Accounts payable and other liabilities 149,914 66,049
Other, net (2,829) (4,216)
Net cash (used in) provided by operating activities (37,745) 41,859
Cash flows from investing activities:    
Proceeds from sale of equity securities 5,993  
Proceeds from sale of property and equipment 50 10
Capital expenditures (4,822) (3,859)
Net cash provided by (used in) investing activities 1,221 (3,849)
Cash flows from financing activities:    
Dividends on Common and Class B common stock (68,521) (61,238)
Repayments of finance lease liabilities (503) (343)
Repurchases of common stock to satisfy employee withholding tax obligations   (791)
Net proceeds from issuances of common stock 3,874 2,541
Net proceeds under revolving credit agreement 48,900 443
Net cash used in financing activities (16,250) (59,388)
Effect of foreign exchange rate changes on cash and cash equivalents 582 (1,840)
Net decrease in cash and cash equivalents (52,192) (23,218)
Cash and cash equivalents at beginning of period 146,067 74,454
Cash and cash equivalents at end of period $ 93,875 $ 51,236