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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 634,139 $ 703,696 $ 498,735
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 35,090 31,683 28,127
Share-based compensation 30,000 28,821 25,365
Deferred income tax (benefit) provision (7,179) 13,466 5,939
Provision for doubtful accounts 7,158 8,539 6,888
Non-cash contribution to 401(k) plan 8,862 6,746 5,154
(Gain) loss on sale of property and equipment (143) (1,624) 350
Other income from investment in unconsolidated entity (26,177) (22,671) (19,299)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (36,035) (60,154) (130,414)
Inventories, net 64,620 (259,860) (243,660)
Accounts payable and other liabilities (162,042) 121,993 182,819
Other, net 13,661 1,329 (10,438)
Net cash provided by operating activities 561,954 571,964 349,566
Cash flows from investing activities:      
Capital expenditures (35,478) (35,652) (25,464)
Business acquisitions, net of cash acquired (3,822) (47) (129,462)
Investment in unconsolidated entity (2,849) 0 0
Other investment (500) 0 (1,000)
Proceeds from sale of equity securities 0 0 5,993
Proceeds from sale of property and equipment 1,306 1,863 1,356
Net cash used in investing activities (41,343) (33,836) (148,577)
Cash flows from financing activities:      
Dividends on Common and Class B common stock (382,646) (332,447) (294,522)
Distributions to non-controlling interest (73,589) (69,184) (61,980)
Net (repayments) proceeds under prior revolving credit agreement (56,400) (32,600) 89,000
Net repayments of finance lease liabilities (4,045) (3,042) (2,040)
Repurchases of common stock to satisfy employee withholding tax obligations (2,828) (87,107) (1,092)
Payment of fees related to revolving credit agreement (844) 0 (22)
Proceeds from non-controlling interest for investment in unconsolidated entity 570 0 0
Net proceeds from the sale of Common stock 15,179 0 0
Net proceeds under current revolving credit agreement 15,400 0 0
Net proceeds from issuances of Common stock under employee related plans 29,127 20,422 21,014
Net cash used in financing activities (460,076) (503,958) (228,602)
Effect of foreign exchange rate changes on cash and cash equivalents 2,072 (4,933) (186)
Net increase (decrease) in cash and cash equivalents 62,607 29,237 (27,799)
Cash and cash equivalents at beginning of year 147,505 118,268 146,067
Cash and cash equivalents at end of year 210,112 147,505 118,268
TEC Distribution LLC [Member]      
Cash flows from financing activities:      
Proceeds from non-controlling interest for investment in TEC Distribution LLC $ 0 $ 0 $ 21,040