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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 134,890 $ 66,127
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 7,593 6,898
Share-based compensation 7,974 5,892
Non-cash contribution to 401(k) plan 6,737 5,154
Provision for doubtful accounts 1,061 393
Other income from investment in unconsolidated entity (4,045) (4,671)
Other, net 1,417 1,042
Changes in operating assets and liabilities, net of effects of acquisition:    
Accounts receivable, net (91,775) (61,072)
Inventories, net (273,703) (204,593)
Accounts payable and other liabilities 107,755 149,914
Other, net 474 (2,829)
Net cash used in operating activities (101,622) (37,745)
Cash flows from investing activities:    
Capital expenditures (8,324) (4,822)
Business acquisition (47) 0
Proceeds from sale of equity securities 0 5,993
Proceeds from sale of property and equipment 153 50
Net cash (used in) provided by investing activities (8,218) 1,221
Cash flows from financing activities:    
Dividends on Common and Class B common stock (75,795) (68,521)
Net repayments of finance lease liabilities (713) (503)
Net proceeds from issuances of common stock 4,420 3,874
Net proceeds under revolving credit agreement 173,500 48,900
Net cash provided by (used in) financing activities 101,412 (16,250)
Effect of foreign exchange rate changes on cash and cash equivalents 767 582
Net decrease in cash and cash equivalents (7,661) (52,192)
Cash and cash equivalents at beginning of period 118,268 146,067
Cash and cash equivalents at end of period $ 110,607 $ 93,875