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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 187,160 $ 201,842 $ 198,607
Adjustments to reconcile net income to cash flows provided by operating activities      
Depreciation and amortization 55,292 55,888 51,356
Unrealized foreign exchange (gain) loss (2,823) (2,856) 1,507
Amortization of debt issuance costs 1,757 1,754 927
Share-based compensation 28,580 30,792 29,709
Loss on disposals of property, plant and equipment 725 902 99
Gain on deconsolidation of VIE (Note 8) (20,887) 0 0
Loss from equity method investment (Note 8) 1,113 0 0
Loss on debt extinguishment (Note 11) 16,970 0 0
Deferred income taxes 13,941 915 15,413
Changes in operating assets and liabilities      
Accounts receivable 11,962 (26,799) 13,785
Inventories (20,393) 21,659 58,897
Accounts payable (1,672) 1,875 (12,105)
Accrued taxes (5,086) (8,222) 6,221
Other assets and liabilities (72,269) (32,642) 7,411
Cash flows provided by operating activities 194,370 245,108 371,827
Cash flows from investing activities      
Additions to property, plant and equipment (74,342) (74,624) (75,364)
Additions to intangible assets (Note 9) 0 0 (25,235)
Other, net 0 0 (887)
Cash flows used in investing activities (74,342) (74,624) (101,486)
Cash flows from financing activities      
Proceeds from credit facilities (Note 11) 1,780,933 1,243,120 1,527,896
Repayments of credit facilities (Note 11) (1,752,274) (1,178,799) (1,739,308)
Proceeds from senior unsecured notes (Note 11) 500,000 0 350,000
Repayments of senior unsecured notes (Note 11) (350,000) 0 0
Payment of redemption premium (Note 11) (12,908) 0 0
Payment of debt issuance costs (9,592) 0 (6,328)
Purchases of common stock (211,524) (172,799) (334,088)
Dividends paid on common stock (56,156) (54,291) (52,480)
Payment of employee restricted stock tax withholdings (11,560) (16,914) (11,495)
Other, net (1,742) 0 1,078
Cash flows used in financing activities (124,823) (179,683) (264,725)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 1,824 (3,177) 915
Net (decrease) increase in cash, cash equivalents and restricted cash (2,971) (12,376) 6,531
Cash, cash equivalents and restricted cash, beginning of year 53,059 65,435 58,904
Cash, cash equivalents and restricted cash, end of year $ 50,088 $ 53,059 $ 65,435