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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 67,682 $ 128,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,958 34,226
Loss on disposal of assets 568 800
Deferred income taxes 3,894 2,558
Stock-based compensation 4,449 5,379
Amortization of deferred financing fees 309 309
Changes in assets and liabilities, net of business acquisitions:    
Accounts and other receivables 22,123 (52,145)
Inventories (10,484) 3,012
Taxes receivable 8,329 0
Accounts payable (47,216) 52,439
Accrued liabilities (5,744) (8,821)
Deferred income and customer advances (32,097) (1,142)
Other assets and liabilities (11,192) (19,792)
Net cash provided by operating activities 36,579 145,053
Cash flows from investing activities:    
Expenditures for property, plant and equipment (43,894) (38,779)
Acquisition of businesses 0 (97,456)
Other investing activities (2,034) (1,221)
Net cash used for investing activities (45,928) (137,456)
Cash flows from financing activities:    
Borrowings from line of credit 230,500 230,500
Payments of line of credit (205,500) (219,000)
Principal payments of finance leases (456) (481)
Dividend payments (8,004) (7,032)
Purchase of treasury stock (28,385) (10,419)
Issuance of common stock 745 1,032
Net cash used for financing activities (11,100) (5,400)
Net change in cash and cash equivalents (20,449) 2,197
Cash and cash equivalents at beginning of period 30,985 15,100
Cash and cash equivalents at the end of period 10,536 17,297
Supplemental non-cash investing activities:    
Capital expenditures included in accounts payable 9,832 9,207
Supplemental cash activities:    
Cash paid for interest 3,027 1,024
Cash paid for income taxes $ 7,024 $ 47,439