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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 41,260 $ 44,562  
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 7,155 5,738  
Depreciation and amortization 5,253 4,631  
Loss on disposal of fixed assets 1 74  
Impairment of intangibles 0 1,700  
Deferred taxes 441 410  
Change in valuation of contingent payment liability (4,495) 1,650  
Other operating activities (843) 861  
Changes, net of acquisitions, in:      
Accounts receivable (23,229) (5,681)  
Factor accounts receivable 38,988 60,006  
Inventories 23,866 28,398  
Prepaid expenses, income tax receivables, prepaid taxes, and other assets 3,069 6,539  
Accounts payable and accrued expenses (15,357) (37,160)  
Accrued incentive compensation (12,419) (7,115)  
Leases and other liabilities (4,546) (306)  
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation (18,832) (15,705)  
Cash flows from investing activities:      
Capital expenditures 9,847 3,979  
Purchases of short-term investments 0 790  
Maturity/sale of short-term investments 11,038 4,084  
Other investing activities (2,196) 326  
Net cash used in investing activities (1,005) (4,618)  
Cash flows from financing activities:      
Common stock purchased for treasury (7,770) (37,337)  
Proceeds from exercise of stock options 0 222  
Cash dividends paid on common stock (15,186) (15,416)  
Effect of exchange rate changes on cash and cash equivalents 577 (285)  
Net decrease in cash and cash equivalents (45,162) (73,139)  
Cash and cash equivalents   131,501 $ 204,640
Payments to Acquire Businesses, Gross 0 (4,259)  
Payments to Noncontrolling Interests (2,946) 0  
Net cash used in financing activities $ (25,902) $ (52,531)