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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 $ 167,078 $ 232,354 $ 331,113
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 103,821 86,708 78,183
Share-based compensation 46,966 5,509 13,924
Shareholder-funded executive bonuses 32,200 0 0
Provision for credit losses 4,474 8,965 7,913
Non-cash lease expense 14,708 15,475 13,062
Deferred income taxes, net (41,735) (16,646) (15,127)
Other 8,034 791 5,398
Changes in operating assets and liabilities:      
Accounts receivable [1] (229,651) 519 (77,444)
Inventories (155,806) 53,894 (185,474)
Prepaid expenses and other assets [2] 99,220 (114,163) (47,725)
Accounts payable [3] 147,513 (118,161) 74,850
Tax payable 19,474 (5,170) (13,343)
Operating lease liabilities (14,244) (14,316) (12,629)
Accrued expenses and other liabilities [4] 78,549 69,205 56,446
Net cash provided by operating activities 280,601 204,964 229,147
Cash flows from investing activities:      
Purchase of property and equipment (122,741) (80,257) (47,992)
Purchase of intangible asset (8,497) (7,348) (5,068)
Capitalized internal-use software development (563) (6,829) (7,014)
Cash receipts on beneficial interest in sold receivables 16,777 42,416 0
Investment in equity method investment 0 (66) (4,492)
Other investing activities, net (3,051) (300) (1,800)
Net cash used in investing activities (118,075) (52,384) (66,366)
Cash flows from financing activities:      
Proceeds from issuance of debt, net of issuance cost 800,653 259,854 110,000
Repayment of debt (442,563) (310,000) (122,500)
Intercompany note to Former Parent (Note 11) 0 (49,286) 0
Distribution paid to Former Parent (435,292) (45,438) (42,000)
Recharge from Former Parent for share-based compensation (3,165) (15,300) 0
Net ordinary shares withheld for taxes upon issuance of restricted stock units (4,322) 0 0
Dividend payments (150,179) 0 0
Net cash used in financing activities (234,868) (160,170) (54,500)
Effect of exchange rates changes on cash 7,633 (14,237) (704)
Net (decrease) increase in cash, cash equivalents, and restricted cash (64,709) (21,827) 107,577
Cash, cash equivalents, and restricted cash at beginning of period 218,770 240,597 133,020
Cash, cash equivalents, and restricted cash at end of period 154,061 218,770 240,597
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 141,247 90,027 91,892
Cash paid for interest 51,109 16,322 12,005
Supplemental disclosures of noncash investing and financing activities:      
Purchase of property and equipment accrued and not yet paid 548 1,235 4,226
Deferred payments related to business acquisition 0 0 600
Share-based compensation recharge not yet paid 0 (3,434) 0
Deferred payment received for sold receivables 0 (64,710) 0
Cancellation of related party note through distribution (8,026) 0 0
Unrealized loss on cash flow hedges (2,173) 0 0
Reconciliation of cash, cash equivalents and restricted cash within the Condensed Consolidated Balance Sheets to the amounts shown in the Condensed Consolidated Statements of Cash Flows above:      
Cash and cash equivalents 154,061 192,890 225,362
Restricted Cash 0 25,880 15,235
Total cash, cash equivalents and restricted cash $ 154,061 $ 218,770 $ 240,597
[1] Including changes in related party balances of $(2,561), $(10,813) and $(389) for the years ended December 31, 2023, 2022 and 2021, respectively.
[2] Including changes in related party balances of $20,069, $(38,734) and $56,677 for the years ended December 31, 2023, 2022 and 2021, respectively.
[3] Including changes in related party balances of $(130,267), $(71,228) and $198,825 for the years ended December 31, 2023, 2022 and 2021, respectively.
[4] Including changes in related party balances of $(8,399), $(1,241) and $1,684 for the years ended December 31, 2023, 2022 and 2021, respectively.