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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net (loss) / income $ 2,548 $ 81,510  
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 14,690 12,579  
Depreciation and amortization 13,926 9,569  
Amortization of debt issuance costs 480 0  
Loss on disposal of fixed assets 1 75  
Impairment of intangibles 0 1,700  
Change in valuation of contingent payment liability (2,075) 8,200  
Other operating activities (550) 238  
Changes, net of acquisitions, in:      
Accounts receivable (7,197) 2,787  
Factor accounts receivable (59,110) 22,988  
Inventories 35,004 (10,938)  
Prepaid expenses, income tax receivables, prepaid taxes, and other assets (7,119) (4,700)  
Accounts payable, accrued expenses, and other current liabilities (34,420) 18,122  
Accrued incentive compensation (11,721) (3,109)  
Leases and other liabilities (15,042) 756  
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 47,635 93,801  
Cash flows from investing activities:      
Capital expenditures 17,516 9,272  
Purchases of short-term investments 0 10,510  
Maturity / sale of short-term investments 13,410 13,485  
Acquisition of businesses, net of cash acquired (371,554) (4,259)  
Other investing activities (2,196) 371  
Net cash used in investing activities (377,856) (10,185)  
Cash flows from financing activities:      
Common stock purchased for treasury (8,198) (75,549)  
Borrowings of long-term debt 395,000 0  
Repayment of long-term debt (95,000) 0  
Financing costs paid (8,955) 0  
Proceeds from exercise of stock options 0 749  
Cash dividends paid on common stock (30,435) (30,708)  
Payments to Noncontrolling Interests (2,946) 0  
Net cash provided by / (used in) financing activities 249,466 (105,508)  
Effect of exchange rate changes on cash and cash equivalents 2,545 (2,291)  
Net decrease in cash and cash equivalents (78,210) (24,183)  
Cash and cash equivalents   180,457 $ 204,640
Supplemental Cash Flow Information [Abstract]      
Interest 1,961 0  
Acquisition-Related Proceeds To Sellers $ 38,819 $ 0