XML 22 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
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 $ 301,999 $ 272,509 $ 249,624
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 63,049 60,865 59,172
Stock option expense 32,033 30,082 26,254
Noncash portion of long-term incentive compensation 18,794 9,267 6,188
Litigation settlements   2,050 4,000
Litigation settlements (5,750)    
(Benefit)/provision for deferred income taxes (4,138) (8,027) 14,827
Noncash directors' compensation 1,282 1,444 1,170
Amortization of debt issuance costs 321 580 342
Deferred payroll taxes     (18,175)
Changes in operating assets and liabilities:      
Decrease/(Increase) in accounts receivable 10,678 (41,488) (2,414)
Decrease/(Increase) in inventories 3,831 (1,732) (162)
Decrease in prepaid expenses 4,237 87 2,397
(Decrease)/increase in accounts payable and other current liabilities (9,279) (9,348) 15,343
Change in current income taxes 2,182 11,748 (996)
Net change in lease assets and liabilities (674) (1,424) 1,471
Increase in other assets (25,591) (9,952) (45,779)
Increase/(decrease) in other liabilities 22,749 12,802 (3,350)
Other sources/(uses) 1,774 836 (26)
Net cash provided by operating activities 417,497 330,299 309,886
Cash Flows from Investing Activities      
Business combinations, net of cash acquired (97,400) (3,994) (3,529)
Capital expenditures (49,531) (56,854) (57,325)
Proceeds from sale of fixed assets 3,315 640 2,330
Other uses (295) (434) (878)
Net cash used by investing activities (143,911) (60,642) (59,402)
Cash Flows from Financing Activities      
Purchases of treasury stock (361,389) (67,697) (114,515)
Proceeds from exercise of stock options 56,517 102,192 44,968
Dividends paid (27,092) (23,502) (22,017)
Change in cash overdraft payable (15,749) 15,749 (11,884)
Capital stock surrendered to pay taxes on stock-based compensation (9,457) (9,557) (15,611)
Payments on other long-term debt   (97,500) (2,500)
Proceeds from other long-term debt     100,000
Payments on revolving line of credit     (306,800)
Proceeds from revolving line of credit     121,800
Debt issuance costs     1,586
Other (uses)/sources (2,024) 490 (1,108)
Net cash used by financing activities (359,194) (79,825) (209,253)
(Decrease)/increase in Cash and Cash Equivalents (85,608) 189,832 41,231
Cash and cash equivalents at beginning of year 263,958 74,126 32,895
Cash and cash equivalents at end of year $ 178,350 $ 263,958 $ 74,126