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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 $ 322,224 $ 353,987 $ 333,995
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain (Loss) on Disposition of Property Plant Equipment 447 558 1,317
Asset Impairment Charges 710 0 0
Depreciation and amortization 85,399 74,707 60,890
Noncash lease expense 17,380 14,205 11,327
Release of acquisition related tax and legal contingency (1,797) 0 0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory 0 0 13,572
Equity Method Investment, Realized Gain (Loss) on Disposal (740) (281) 914
Deferred income taxes (4,239) (7,541) (13,156)
Share-based Payment Arrangement, Noncash Expense 19,022 23,859 14,980
Provision for credit losses 115 730 1,146
Foreign Currency Transaction Gain, before Tax (3,472) (3,860) (2,690)
Changes in operating assets and liabilities, net of amounts acquired (see Note 3)      
Trade accounts receivable (3,650) (13,051) 19,763
Inventories (50,373) 15,656 (28,421)
Other current assets (12,745) 734 (6,107)
Trade accounts payable (5,812) (3,066) (4,016)
Accrued liabilities and other current liabilities (7,860) (2,806) 20,394
Other noncurrent assets and liabilities (17,035) (26,255) (19,625)
Net cash provided by operating activities 338,160 427,022 399,821
Cash flows from investing activities      
Capital expenditures (180,357) (88,824) (62,362)
Acquisitions, net of cash acquired (see Note 3) (79,172) (23,353) (810,765)
Purchases of equity investments (1,615) (1,361) (3,178)
Termination forward contracts 0 0 3,535
Proceeds from sale of property and equipment 1,885 1,743 2,526
Proceeds from sale of a business 0 8,544 0
Net cash used in investing activities (259,259) (103,251) (870,244)
Cash flows from financing activities      
Proceeds from lines of credit 2,445 2,276 717,268
Repayments of line of credit (100,752) (98,679) (134,120)
Termination of cash flow hedge 0 0 21,252
Debt issuance costs 0 0 (6,804)
Repurchase of common stock (100,000) (50,000) (78,622)
Dividends paid (46,500) (45,201) (43,895)
Cash paid on behalf of employees for shares withheld (7,744) (7,430) (9,553)
Acquisition of redeemable noncontrolling interests (8,913) 0 0
Net Cash Provided by (Used in) Financing Activities, Total (261,464) (199,034) 465,526
Effect of exchange rate changes on cash (7,888) 4,343 4,484
Net increase (decrease) in cash and cash equivalents (190,451) 129,080 (413)
Cash and cash equivalents at beginning of year 429,822 300,742 301,155
Cash and cash equivalents at end of year 239,371 429,822 300,742
Cash paid during the year for      
Interest 13,435 16,439 17,028
Income taxes 117,800 123,400 113,208
Noncash activity during the year for      
Noncash Capital expenditures 12,481 11,139 1,671
Contingent consideration for acquisitions 0 1,189 6,500
Issuance of Company’s common stock for compensation 0 1,940 960
Dividends declared but not paid 11,729 11,518 11,223
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory 0 0 13,572
Equity Method Investment, Realized Gain (Loss) on Disposal 740 281 (914)
Dividends declared but not paid $ 11,729 $ 11,518 $ 11,223