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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash provided by (used for) operations    
Net income $ 104,124 $ 96,733
Items in net income not using (providing) cash    
Depreciation and amortization, including deferred financing costs and other 36,621 31,853
Stock-based compensation 4,105 3,324
Pension expense 37 41
Deferred income taxes 5,062 3,393
Change in fair value of interest rate swaps 220 804
Other 55 (518)
Decrease (increase) in working capital, net of acquisitions    
Receivables (119,235) (111,253)
Inventories (103,331) (41,247)
Prepaid expenses and other (1,689) (1,428)
Accounts payable and accrued liabilities 75,041 36,181
Income taxes payable 25,834 28,631
Other 618 1,478
Net cash provided by operations 27,462 47,992
Cash provided by (used for) investment    
Expenditures for property and equipment (34,330) (30,063)
Acquisitions of businesses and facilities (3,387) 0
Proceeds from sales of assets and other 559 565
Net cash used for investment (37,158) (29,498)
Cash provided by (used for) financing    
Treasury stock purchased (26,971) (1,482)
Dividends paid on common stock (11,205) (8,258)
Tax withholding payments on stock-based awards (10,980) (5,926)
Other (475) (451)
Net cash used for financing (49,631) (16,117)
Net increase (decrease) in cash and cash equivalents (59,327) 2,377
Balance at beginning of the period 949,574 998,344
Balance at end of the period $ 890,247 $ 1,000,721