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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 110,027 $ 49,968 $ 76,070
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization including impairment loss 12,698 9,067 8,729
Provision for doubtful accounts 853 4,824 1,380
Noncash stock compensation 2,853 3,029 3,394
Share of income of equity investment (53) (549)
Lease expense 7,302 5,483 6,021
Deferred tax expense (benefit) (465) 581 (2,330)
Change in fair value of derivatives 65 (137) (169)
Changes in:      
Accounts receivable (45,395) 13,157 1,124
Inventories (49,815) 19,333 (5,925)
Other assets (16,725) 1,176 (4,945)
Operating lease liabilities (7,503) (5,421) (4,953)
Accounts payable and accrued expenses 103,046 (32,239) (4,960)
Income taxes, net 2,698 (3,279) 3,016
Net cash provided by operating activities 119,586 64,993 76,452
Cash flows from investing activities:      
Purchases of short-term investments (55,691) (7,582) (97,958)
Proceeds from sale of short-term investments 10,644 11,513 44,814
Purchase of property, equipment and leasehold improvements (141,274) (11,011) (5,427)
Payment for intangible assets acquired (1,545) (1,251) (6,067)
Purchase of equity investment (13,998)
Net cash used in investing activities (187,866) (22,329) (64,638)
Cash flows from financing activities:      
Repayment of long-term debt (43,056) (13,725) (22,321)
Proceeds from issuance of long-term debt 157,382 13,438
Proceeds from exercise of options 5,393 2,771 4,458
Dividends paid (31,690) (20,805) (34,579)
Dividends paid to noncontrolling interests (9,836) (324) (9,654)
Purchase of subsidiary shares from noncontrolling interests (6,087)
Net cash provided by (used in) financing activities 78,193 (18,645) (68,183)
Effect of exchange rate changes on cash (11,207) 12,245 (3,350)
Net increase (decrease) in cash and cash equivalents (1,294) 36,264 (59,719)
Cash and cash equivalents – beginning of year 169,681 133,417 193,136
Cash and cash equivalents – end of year 168,387 169,681 133,417
Cash paid for:      
Interest 2,468 1,105 1,764
Income taxes $ 40,497 $ 21,772 $ 26,332