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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 209,998 $ 225,029
Adjustments to reconcile net income to cash flows provided by operating activities    
Depreciation and amortization 41,716 38,181
Unrealized foreign exchange loss (gain) 159 (2,495)
Amortization of debt issuance costs 1,307 501
Share-based compensation 23,998 21,369
Loss (gain) on disposals of property, plant and equipment 760 (19)
Deferred income taxes 8,953 25,015
Changes in operating assets and liabilities    
Accounts receivable (165,730) (125,667)
Inventories 116,687 136,828
Accounts payable 9,453 (30,030)
Accrued taxes 4,582 5,798
Other assets and liabilities (5,655) 2,420
Cash flows provided by operating activities 246,228 296,930
Cash flows from investing activities    
Additions to property, plant and equipment (42,522) (42,432)
Additions to intangible assets (Note 17) 0 (25,235)
Other, net 0 (887)
Cash flows used in investing activities (42,522) (68,554)
Cash flows from financing activities    
Repayments of short-term borrowings, net (Note $5) 0 (3,121)
Proceeds from credit facilities (Note $5) 951,480 1,039,443
Repayments of credit facilities (Note $5) (922,666) (1,010,387)
Purchases of common stock (142,343) (204,656)
Dividends paid on common stock (41,282) (40,099)
Payment of employee restricted stock tax withholdings (16,864) (11,460)
Other, net 0 1,078
Cash flows used in financing activities (171,675) (229,202)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 1,596 (1,312)
Net increase (decrease) in cash, cash equivalents and restricted cash 33,627 (2,138)
Cash, cash equivalents and restricted cash, beginning of year 65,435 58,904
Cash, cash equivalents and restricted cash, end of period 99,062 56,766
Supplemental non-cash information    
Purchases of property, plant and equipment, accrued not paid 6,999 6,007
Additions to right-of-use assets obtained in exchange for operating lease obligations 7,651 50,813
Additions to right-of-use assets obtained in exchange for finance lease obligations 434 711
Dividend equivalents rights ("DERs") declared not paid 1,521 1,411
Share repurchase liability (Note 10) $ 32,523 $ 79,765