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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 $ 109,601 $ 29,740
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (1,391) 5,370
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax 97,989 5,993
Income from continuing operations 13,003 18,377
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense 11,809 9,927
Amortization expense 26,374 21,105
Amortization of Acquisition Costs 1,134 2,261
Amortization of debt issuance costs 1,005 866
Noncontrolling stockholder stock based compensation 2,045 2,681
Provision for receivable and inventory reserves (1,483) (1,572)
Deferred taxes (5,900) 692
Other 389 147
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 4,927 1,830
Inventories (35,910) (56,153)
Other current and non-current assets 2,732 (4,798)
Accounts payable and accrued expenses (3,294) (36,596)
Cash provided by (used in) operating activities - continuing operations 16,831 (41,233)
Net Cash Provided by (Used in) Operating Activities, Total 15,545 (33,529)
Cash Provided by (Used in) Operating Activities, Discontinued Operations (1,286) 7,704
Payments to Acquire Businesses, Net of Cash Acquired (104) (3,636)
Cash flows from investing activities:    
Purchases of property and equipment (16,080) (10,391)
Proceeds from Divestiture of Businesses 103,042 5,993
Other investing activities (303) (205)
Cash provided by (used in) investing activities - continuing operations 86,555 (8,239)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 68,169 (53)
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock (48) 20,161
Borrowings under credit facility 76,000 0
Repayments under credit facility (223,000) 0
Repayments of Other Long-Term Debt 2,500 0
Distributions paid - common shares (18,051) (17,352)
Distributions paid - preferred shares (6,045) (6,045)
Payments to Noncontrolling Interests 0 (11,292)
Net proceeds provided by noncontrolling shareholders 5 390
Payments for Repurchase Subsidiary Stock 848 309
Other (5) (5)
Net cash used in financing activities (178,446) (14,452)
Foreign currency impact on cash 562 (259)
Net decrease in cash and cash equivalents (7,615) (56,532)
Cash and cash equivalents — beginning of period (1) 61,271 160,733
Cash and cash equivalents — end of period (2) 53,656 104,201
Net Cash Provided by (Used in) Investing Activities, Total 154,724 (8,292)
Disposal Group, Including Discontinued Operation, Cash   6,900
Gain on sale of discontinued operations, net of income tax 97,989 5,993
Payments for Repurchase of Common Stock $ (3,954) $ 0