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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 36,786 $ 74,593
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 6,139 5,980
Depreciation and amortization 3,366 5,223
Loss on disposal of fixed assets 15 208
Impairment of lease right-of-use asset 95 0
Deferred taxes 0 (1,673)
Accrued interest on note receivable - related party (2) (4)
Change in valuation of contingent payment liabilities 0 (4,910)
Changes, net of acquisitions, in:    
Accounts receivable (8,201) (12,872)
Increase (Decrease) in Accounts and Other Receivables 35,665 25,181
Notes receivable - related party 102 102
Inventories 47,710 21,833
Prepaid expenses, income tax receivables, prepaid taxes, and other assets 4,791 9,802
Accounts payable and accrued expenses (60,461) (80,642)
Accrued incentive compensation (7,683) (10,131)
Leases and other liabilities 890 (1,774)
Net Cash Provided by (Used in) Operating Activities (13,275) (19,446)
Cash flows from investing activities:    
Capital expenditures 3,791 3,596
Payments to Acquire Intangible Assets 0 (2,000)
Payments to Acquire Short-term Investments 6,722 9,668
Proceeds from Sale of Short-term Investments 8,087 44,488
Net cash (used in)/provided by investing activities (2,426) 29,224
Cash flows from financing activities:    
Tax benefit from the exercise of options 264 275
Common stock purchased for treasury (38,451) (42,399)
Cash dividends paid on common stock (16,039) (16,774)
Net cash used in financing activities (49,740) (58,898)
Effect of Exchange Rate on Cash and Cash Equivalents 707 (32)
Net decrease in cash and cash equivalents (64,734) (49,152)
Payments to Noncontrolling Interests 4,486 0
Payments to Noncontrolling Interests 4,486 0
Payments for Other Operating Activities 623  
Payments to Acquire Intangible Assets $ 0 $ 2,000