XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
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 $ 179,879 $ 176,736
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 18,836 18,201
Provision for doubtful accounts 1,716 613
Noncash stock compensation 1,313 1,768
Share of income of equity investment (673) (109)
Noncash lease expense 4,809 4,533
Deferred tax provision 3,454 (4,909)
Change in fair value of derivatives (7,064) (153)
Changes in:    
Accounts receivable (62,901) (102,576)
Inventories 18,749 (35,237)
Other assets (4,035) 3,770
Operating lease liabilities (5,037) (4,378)
Accounts payable and accrued expenses (77,469) (17,571)
Income taxes, net (3,204) 8,993
Net cash provided by operating activities 68,373 49,681
Cash flows from investing activities:    
Purchases of short-term investments (93,244) (146,868)
Proceeds from sale of short-term investments 137,150 162,176
Purchases of property, equipment and leasehold improvements (22,866) (2,889)
Payment for intangible assets acquired (22,882) (850)
Net cash (used in) provided by investing activities (1,842) 11,569
Cash flows from financing activities:    
Proceeds from loans payable, bank 0 4,348
Proceeds of issuance of long-term debt 55,940 43,484
Repayment of long-term debt (37,046) (24,781)
Proceeds from exercise of options 2,112 1,729
Dividends paid (77,089) (71,985)
Dividends paid to noncontrolling interest (26,875) (24,729)
Purchase of subsidiary shares from noncontrolling interests (423) 0
Purchase of treasury stock (7,471) 0
Net cash used in financing activities (90,852) (71,934)
Effect of exchange rate changes on cash 9,284 641
Net decrease in cash and cash equivalents (15,037) (10,043)
Cash and cash equivalents - beginning of period 125,433 88,462
Cash and cash equivalents - end of period 110,396 78,419
Cash paid for:    
Interest 4,993 6,578
Income taxes $ 55,948 $ 48,643