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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 262,405 $ 51,438 $ 126,809
Income from continuing operations before income taxes 18,116 38,387 42,643
Gain on sale of discontinued operations 283,025 9,393 72,770
Income (loss) from continuing operations (38,736) 3,658 11,396
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation expense 46,547 40,030 35,455
Amortization of debt issuance costs 4,038 3,740 2,896
Impairment expense 89,400 20,552 0
Loss on debt extinguishment 0 534 33,305
Noncontrolling stockholder stock based compensation 10,665 11,998 9,840
Provision for receivable and inventory reserves (34) (472) 5,600
Deferred taxes (21,707) (2,511) (11,770)
Other 1,572 2,238 22
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (21,849) (42,925) (19,921)
Inventories (58,269) (158,416) (94,552)
Other current and non-current assets (1,080) (12,078) (6,663)
Accounts payable and accrued expenses (72,112) (11,168) 52,971
Net cash provided by (used in) operating activities - continuing operations 35,430 (54,017) 95,016
Net cash provided by operating activities - discontinued operations 42,650 25,726 39,035
Net cash provided by (used in) operating activities 78,080 (28,291) 134,051
Net Cash Provided by (Used in) Investing Activities [Abstract]      
Acquisitions, net of cash acquired (3,907) (569,028) (356,851)
Purchases of property and equipment (55,776) (60,989) (33,116)
Proceeds from sale of businesses 500,305 9,393 101,039
Other investing activities (2,135) (1,300) (1,125)
Net cash provided by (used in) investing activities - continuing operations 438,487 (621,924) (290,053)
Net cash provided by (used in) investing activities - discontinued operations 132,016 (4,801) (27,443)
Net cash provided by (used in) investing activities 570,503 (626,725) (317,496)
Cash flows from financing activities:      
Proceeds from Issuance of Common Stock 74,259 83,851 114,629
Borrowings under credit facility 360,000 268,000 557,000
Repayments under credit facility (515,000) (113,000) (864,000)
Issuance of Senior Notes 0 0 1,300,000
Distributions paid - common shares (71,967) (70,845) (150,946)
Distributions paid - preferred shares (24,181) (24,181) (24,181)
Net proceeds provided by noncontrolling shareholders 15,599 1,312 8,237
Distributions paid - Allocation Interests 26,475 0 34,058
Purchase of noncontrolling interest 41,297 1,957 50,640
Payments to Noncontrolling Interests (11,745) (11,292) (1,275)
Debt issuance costs 0 (5,276) (21,708)
Other (17) 10 (464)
Net cash (used in) provided by financing activities (260,163) 556,885 273,206
Foreign currency impact on cash 786 (1,331) 228
Net increase (decrease) in cash and cash equivalents 389,206 (99,462) 89,989
Cash and cash equivalents — beginning of period (1) 61,271 160,733 70,744
Cash and cash equivalents — end of period 450,477 61,271 160,733
Cash from discontinued operations 4,700 3,600 14,200
Payments for Repurchase of Common Stock (9,339) 0 0
Repayments of Senior Debt 0 0 (627,688)
Proceeds from Issuance of Other Long-term Debt 0 400,000 0
Repayments of Other Long-term Debt (10,000) (5,000) 0
Proceeds from Minority Shareholders - Acquisitions 0 35,263 68,300
Amortization expense 95,820 84,689 73,675
Amortization of Acquisition Costs $ 1,175 $ 6,114 $ 2,762