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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 217,120 $ 408,870 $ 556,569
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 62,408 52,821 42,155
Amortization of intangible assets 104,194 103,320 49,886
Amortization of original issue discount and deferred financing costs 3,885 3,234 2,589
Loss on extinguishment of debt [1] 0 3,743 831
Deferred income taxes (34,478) (95,465) (2,096)
Share-based compensation expense [2] 35,492 29,481 23,954
Gain on disposal of assets (285) (592) (4,393)
Other noncash charges 5,922 18,339 206
Net changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (18,272) 6,547 (131,861)
Inventories 262,670 (319,274) (470,991)
Other assets 24,266 4,766 (819)
Accounts payable (120,900) (223,031) 297,323
Accrued wages and employee benefits 7,962 (27,369) 5,814
Other accrued liabilities (27,337) 110,036 73,798
Excess tax benefits from equity awards (977) (16,910) (31,809)
Net cash provided by operating activities 521,670 58,516 411,156
Investing activities      
Proceeds from sale of property and equipment 2,896 2,077 259
Proceeds from sale of investment 0 1,308 4,968
Proceeds from beneficial interest in securitization transactions 3,294 3,566 4,609
Contribution to tax equity investment (6,627) (14,930) (3,660)
Expenditures for property and equipment (129,060) (86,188) (109,992)
Purchase of long-term investments (32,592) (15,000) 0
Acquisition of businesses, net of cash acquired (15,974) (25,065) (713,471)
Net cash used in investing activities (178,063) (134,232) (817,287)
Financing activities      
Proceeds from short-term borrowings 64,257 248,209 272,818
Proceeds from long-term borrowings 348,827 1,026,284 150,088
Repayments of short-term borrowings (37,104) (268,133) (239,113)
Repayments of long-term borrowings and finance lease obligations (288,699) (542,191) (108,556)
Stock repurchases (251,513) (345,840) (125,992)
Payment of contingent acquisition consideration (4,979) (16,135) (3,750)
Payment of debt issuance costs 0 (10,330) (1,185)
Purchase of additional ownership interest (104,844) (375) (27,164)
Cash dividends paid to noncontrolling interest of subsidiary 0 (309) 0
Taxes paid related to equity awards (10,897) (40,923) (58,903)
Proceeds from the exercise of stock options 7,815 13,786 38,787
Net cash (used in) provided by financing activities (277,137) 64,043 (102,970)
Effect of exchange rate changes on cash and cash equivalents 1,801 (2,943) 1,312
Net increase (decrease) in cash and cash equivalents 68,271 (14,616) (507,789)
Cash and cash equivalents at beginning of period 132,723 147,339 655,128
Cash and cash equivalents at end of period 200,994 132,723 147,339
Supplemental disclosure of cash flow information      
Interest 84,027 48,912 27,842
Income taxes $ 100,082 $ 150,893 $ 156,728
[1] Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of debt.
[2] Represents share-based compensation expense to account for stock options, restricted stock and other stock awards over their respective vesting periods.