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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 1,313 $ 47,563
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 52,339 53,935
Non-cash lease expense 24,967 33,250
Stock-based compensation 12,528 9,320
Inventory write-down 83,642 37,862 [1]
Foreign currency losses 169 7,077
Loss on disposal of assets 626 568
Deferred taxes (9,969) 2,483
Impairment of fixed assets and other intangibles 0 9,916
Changes in operating assets and liabilities:    
Accounts receivable, net (27,829) (15,523)
Inventories, net (25,901) 10,560
Prepaid expenses and other 4,227 (6,801)
Other assets (432) 8,030
Accounts payable (4,667) (1,224)
Accrued expenses (43,062) (95,928)
Other liabilities (3,479) (18,551)
Net cash provided by operating activities 64,472 82,537
Cash flows from investing activities:    
Purchases of property and equipment (38,105) (45,274)
Proceeds on investment sales 13,160 5,535
Purchases of investments (16,883) (13,955)
Acquisitions (net of cash acquired) (77,275) 0
Net cash used in investing activities (119,103) (53,694)
Cash flows from financing activities:    
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards 4,741 25,794
Payment of cash dividends (58,353) (57,988)
Repurchases of shares of common stock (13,011) (60,038)
Finance lease principal payments (2,382) (1,401)
Payment of debt issuance costs 0 (5,077)
Payments of debt (10,000) (410,000)
Proceeds from debt 110,000 460,000
Net cash provided by / (used in) financing activities 30,995 (48,710)
Effect of exchange rate changes on cash (7,775) (25,590)
Net decrease in cash and cash equivalents (31,411) (45,457)
Cash and cash equivalents, beginning of period 264,725 339,593
Cash and cash equivalents, end of period $ 233,314 $ 294,136
[1] The nine months ended September 2022 has been recast from Inventories, net to comply with the current presentation.