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Condensed Consolidated Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 130,371 $ 134,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,183 7,593
Share-based compensation 6,701 7,974
Non-cash contribution to 401(k) plan 8,862 6,737
Provision for doubtful accounts 1,043 1,061
Other income from investment in unconsolidated entity (3,640) (4,045)
Other, net 1,160 1,417
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (64,691) (91,775)
Inventories, net (240,758) (273,703)
Accounts payable and other liabilities 101,813 107,755
Other, net 3,535 474
Net cash provided by operating activities (47,421) (101,622)
Cash flows from investing activities:    
Capital expenditures (7,505) (8,324)
Business acquisitions, net of cash acquired (2,989) (47)
Proceeds from sale of property and equipment 56 153
Net cash used in investing activities (10,438) (8,218)
Cash flows from financing activities:    
Dividends on Common and Class B common stock (94,970) (75,795)
Net (repayments) proceeds under prior revolving credit agreement (56,400) 173,500
Repurchases of common stock to satisfy employee withholding tax obligations (2,216) 0
Net repayments of finance lease liabilities (880) (713)
Payment of fees related to revolving credit agreement (580) 0
Net proceeds from issuances of common stock 8,747 4,420
Net proceeds under current revolving credit agreement 197,600 0
Net cash provided by financing activities 51,301 101,412
Effect of foreign exchange rate changes on cash and cash equivalents 8 767
Net decrease in cash and cash equivalents (6,550) (7,661)
Cash and cash equivalents at beginning of period 147,505 118,268
Cash and cash equivalents at end of period $ 140,955 $ 110,607