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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 99,901 $ 113,426
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 12,020 8,367
Provision for doubtful accounts 715 (650)
Noncash stock compensation 1,169 1,265
Share of income of equity investment (70) (48)
Noncash lease expense 3,006 2,620
Deferred tax provision (2,721) (2,987)
Change in fair value of derivatives (299) 164
Changes in:    
Accounts receivable (59,603) (35,181)
Inventories (71,184) (66,144)
Other assets 6,581 3,406
Operating lease liabilities (2,873) (2,579)
Accounts payable and accrued expenses (12,664) (23,425)
Income taxes, net (437) 8,531
Net cash used in operating activities (26,459) 6,765
Cash flows from investing activities:    
Purchases of short-term investments (80,879) (97,079)
Proceeds from sale of short-term investments 134,078 138,061
Purchases of property, equipment and leasehold improvements (2,122) (3,202)
Payment for intangible assets acquired (572) (228)
Net cash provided by investing activities 50,505 37,552
Cash flows from financing activities:    
Proceeds from loans payable, bank 14,244 4,947
Repayment of long-term debt (15,956) (15,958)
Proceeds from exercise of options 1,370 5,191
Dividends paid (47,963) (40,020)
Dividends paid to noncontrolling interest (23,707) (20,301)
Purchase of treasury stock 0 (11,289)
Net cash used in financing activities (72,012) (77,430)
Effect of exchange rate changes on cash (1,523) 2,711
Net (decrease) increase in cash and cash equivalents (49,489) (30,402)
Cash and cash equivalents - beginning of period 88,462 104,713
Cash and cash equivalents - end of period 38,973 74,311
Cash paid for:    
Interest 4,264 3,189
Income taxes $ 32,937 $ 30,096