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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 635,740 $ 634,139 $ 703,696
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 40,822 35,090 31,683
Share-based compensation 35,022 30,000 28,821
Non-cash contribution to 401(k) plan 8,735 8,862 6,746
Provision for doubtful accounts 4,285 7,158 8,539
Loss (gain) on sale of property and equipment 536 (143) (1,624)
Deferred income tax provision (benefit) 229 (7,179) 13,466
Other income from investment in unconsolidated entity (30,501) (26,177) (22,671)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (85,555) (36,035) (60,154)
Inventories, net (41,678) 64,620 (259,860)
Accounts payable and other liabilities 197,765 (162,042) 121,993
Other, net 7,702 13,661 1,329
Net cash provided by operating activities 773,102 561,954 571,964
Cash flows from investing activities:      
Purchases of short-term cash investments (255,669) 0 0
Capital expenditures (30,090) (35,478) (35,652)
Business acquisitions, net of cash acquired (5,173) (3,822) (47)
Investment in unconsolidated entity 0 (2,849) 0
Other investment 0 (500) 0
Proceeds from sale of property and equipment 262 1,306 1,863
Net cash used in investing activities (290,670) (41,343) (33,836)
Cash flows from financing activities:      
Dividends on common stock (423,521) (382,646) (332,447)
Repurchases of common stock to satisfy employee withholding tax obligations (39,673) (2,828) (87,107)
Net (repayments) proceeds under current revolving credit agreement (15,400) 15,400 0
Net repayments of finance lease liabilities (6,027) (4,045) (3,042)
Distributions to non-controlling interest 0 (73,589) (69,184)
Net repayments under prior revolving credit agreement 0 (56,400) (32,600)
Payment of fees related to revolving credit agreement 0 (844) 0
Proceeds from non-controlling interest for investment in unconsolidated entity 0 570 0
Proceeds from Dividend Reinvestment Plan 13,224 0 0
Proceeds from issuances of Common stock under employee related plans 31,083 29,127 20,422
Net proceeds from the sale of Common stock 281,784 15,179 0
Net cash used in financing activities (158,530) (460,076) (503,958)
Effect of foreign exchange rate changes on cash and cash equivalents (7,743) 2,072 (4,933)
Net increase in cash and cash equivalents 316,159 62,607 29,237
Cash and cash equivalents at beginning of year 210,112 147,505 118,268
Cash and cash equivalents at end of year $ 526,271 $ 210,112 $ 147,505