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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net income $ 292,787 $ 180,669 $ 208,920
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 188,120 172,683 135,371
Amortization of intangible assets 190,119 214,477 143,953
Share-based compensation expense 65,859 61,371 66,577
Charge for fair value mark-up of acquired inventory sold 0 0 61,932
Provision for deferred income taxes (78,902) (145,606) (102,744)
Impairment of goodwill 0 115,217 0
Loss on extinguishment of debt 13,386 27,865 3,287
(Gain) loss from sale of businesses and held-for-sale assets, net (4,311) 23,839 0
Impairment on long-lived assets 12,967 30,464 0
Gain on termination of alliance agreement 0 (184,754) 0
Charge for excess and obsolete inventory 39,885 38,184 28,896
Amortization of debt issuance costs and original issuance discounts 14,985 21,243 15,725
Other 5,810 23,341 28,733
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade accounts receivable and notes receivable (49,031) 608 (59,643)
Inventories (76,708) 102,751 (203,335)
Accounts payable and other accrued liabilities 8,870 (14,633) 15,365
Other current assets (5,440) (11,912) (13,641)
Income taxes payable and refundable income taxes 7,889 (10,177) 21,751
Other 5,436 (1,154) 11,982
Net cash provided by operating activities 631,721 644,476 363,129
Investing activities:      
Acquisition of property and equipment (315,606) (456,847) (466,192)
Acquisition of businesses, net of cash acquired 0 0 (4,474,925)
Proceeds from sale of businesses, net 250,789 814,960 0
Proceeds from Divestiture of Businesses 0 191,151 0
Other (2,262) 3,807 (4,592)
Net cash (used in) provided by investing activities (67,079) 553,071 (4,945,709)
Financing activities:      
Proceeds from revolving credit facility and short-term debt 140,000 0 476,000
Payments of revolving credit facility and short-term debt (140,000) (135,000) (341,000)
Proceeds from long-term debt 224,537 217,449 4,940,753
Payments of long-term debt (848,311) (1,338,675) (145,000)
Payments for debt issuance costs 0 (3,475) (99,488)
Payments for dividends (60,583) (60,221) (57,309)
Issuance of common stock from employee stock plans 14,046 35,878 5,322
Taxes paid related to net share settlement of equity awards (16,834) (12,108) (22,820)
Other (1,842) (1,391) (1,101)
Net cash (used in) provided by financing activities (688,987) (1,297,543) 4,755,357
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,371) (6,514) (11,903)
(Decrease) increase in cash, cash equivalents and restricted cash (127,716) (106,510) 160,874
Cash, cash equivalents and restricted cash at beginning of year 456,929 563,439 402,565
Cash, cash equivalents and restricted cash at end of year 329,213 456,929 563,439
Supplemental Cash Flow Information      
Equity consideration on acquisition of CMC Materials, Inc. 0 0 1,265,690
Stock Issued During Period, Value, Employee Stock Purchase Plan 16,912 14,914 10,846
Deferred acquisition and divestiture payments, net 0 5,474 0
Equipment purchases in accounts payable 57,579 20,573 28,295
Dividends payable 822 730 654
Schedule of interest and income taxes paid:      
Interest paid, net of capitalized interest 199,198 287,846 164,183
Income taxes paid, net of refunds received $ 103,795 $ 138,875 $ 113,666