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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 238,260 $ 140,489
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,877 12,898
Share-based compensation 12,351 10,140
Deferred income tax provision 2,115 1,676
Other income from investment in unconsolidated entity (10,210) (5,117)
Other, net 6,150 6,475
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (283,077) (146,512)
Inventories, net (173,539) 63,432
Accounts payable and other liabilities 282,852 182,957
Other, net (6,897) (5,183)
Net cash provided by operating activities 81,882 261,255
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (126,549) 0
Capital expenditures (11,008) (8,019)
Proceeds from sale of property and equipment 100 37
Proceeds from sale of equity securities 5,993 0
Net cash used in investing activities (131,464) (7,982)
Cash flows from financing activities:    
Dividends on Common and Class B common stock (143,909) (129,315)
Net repayments of finance lease liabilities (966) (651)
Repurchases of common stock to satisfy employee withholding tax obligations 0 (1,034)
Payment of fees related to revolving credit agreement 0 (189)
Net proceeds from issuances of common stock 8,687 6,233
Proceeds from non-controlling interest for investment in TEC Distribution LLC 21,040
Net proceeds (repayments) under revolving credit agreement 114,167 (122,343)
Net cash used in financing activities (981) (247,299)
Effect of foreign exchange rate changes on cash and cash equivalents 1,283 (855)
Net (decrease) increase in cash and cash equivalents (49,280) 5,119
Cash and cash equivalents at beginning of period 146,067 74,454
Cash and cash equivalents at end of period 96,787 $ 79,573
ACME Refrigeration LLC [Member]    
Supplemental cash flow information:    
Common stock issued $ 2,551