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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 222,135 $ 209,998
Adjustments to reconcile net income to cash flows provided by operating activities    
Depreciation and amortization 42,184 41,716
Unrealized foreign exchange (gain) loss (3,749) 159
Amortization of debt issuance costs 1,374 1,307
Share-based compensation 24,040 23,998
Loss on disposals of property, plant and equipment 606 760
Deferred income taxes 22,460 8,953
Gain on deconsolidation of VIE (Note 1) (20,887) 0
Loss from equity method investment (Note 1) 487 0
Changes in operating assets and liabilities    
Accounts receivable (130,429) (165,730)
Inventories 77,003 116,687
Accounts payable 4,076 9,453
Accrued taxes 13,890 4,582
Other assets and liabilities (58,482) (5,655)
Cash flows provided by operating activities 194,708 246,228
Cash flows from investing activities    
Additions to property, plant and equipment (51,346) (42,522)
Cash flows used in investing activities (51,346) (42,522)
Cash flows from financing activities    
Proceeds from credit facilities (Note $5) 1,087,058 951,480
Repayments of credit facilities (Note $5) (954,108) (922,666)
Purchases of common stock (187,518) (142,343)
Dividends paid on common stock (42,410) (41,282)
Payment of employee restricted stock tax withholdings (11,505) (16,864)
Other, net (1,742) 0
Cash flows used in financing activities (110,225) (171,675)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 3,285 1,596
Net increase in cash, cash equivalents and restricted cash 36,422 33,627
Cash, cash equivalents and restricted cash, beginning of year 53,059 65,435
Cash, cash equivalents and restricted cash, end of period 89,481 99,062
Supplemental non-cash information    
Purchases of property, plant and equipment, accrued not paid 6,280 6,999
Additions to right-of-use assets obtained in exchange for operating lease obligations 16,684 7,651
Additions to right-of-use assets obtained in exchange for finance lease obligations 209 434
Dividend equivalents rights ("DERs") declared not paid 1,608 1,521
Additions to share repurchase liability (Note 10) $ 0 $ 32,523