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Condensed Consolidated Statements of Cash Flows
$ in Thousands
 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Cash flows from operating activities:    
Net income (loss) $ (7,942) $ 126,724
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax 0 12,840
Income (loss) from continuing operations (11,287) 11,663
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation expense 21,397 23,262
Amortization expense 53,749 47,951
Amortization of Acquisition Costs 4,006 1,174
Amortization of debt issuance costs 2,009 2,029
Impairment expense 8,182 0
Gain (Loss) on Disposition of Assets 24,606 0
Noncontrolling stockholder stock based compensation 8,257 4,848
Accounts Receivable, Credit Loss Expense (Reversal) (5,268) (2,002)
Deferred taxes (407) (7,899)
Other 497 1,047
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (37,520) 14,385
Inventories (109,277) (69,021)
Other current and non-current assets 1,370 (1,251)
Accounts payable and accrued expenses (8,697) (36,227)
Cash used in operating activities - continuing operations (48,383) (10,041)
Net Cash Provided by (Used in) Operating Activities, Total (48,383) 37,239
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0 47,280
Payments to Acquire Businesses, Net of Cash Acquired (379,524) 0
Cash flows from investing activities:    
Purchases of property and equipment (18,919) (28,604)
Proceeds from sale of business 64,828 105,123
Other investing activities (2,458) (911)
Cash provided by (used in) investing activities - continuing operations (336,073) 75,608
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 42,221
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock 4,493 (91)
Borrowings under credit facility 237,000 217,000
Repayments under credit facility (183,000) (280,000)
Repayments of Other Long-Term Debt 5,000 5,000
Distributions paid - common shares (37,664) (36,038)
Distributions paid - preferred shares (12,146) (12,091)
Payments to Noncontrolling Interests, Allocation Interests (48,941) (26,475)
Net proceeds provided by noncontrolling shareholders 6 57
Proceeds From Minority Shareholders - Acquisitions 41,674 0
Payments for Repurchase Subsidiary Stock 2,859 1,115
Other 0 (10)
Net cash provided by (used in) financing activities 3,366 (149,619)
Foreign currency impact on cash (1,017) 634
Net increase (decrease) in cash and cash equivalents (382,107) 6,083
Cash and cash equivalents — beginning of period (1) 450,477 61,271
Cash and cash equivalents — end of period (2) 68,370 67,354
Net Cash Provided by (Used in) Investing Activities, Total (336,073) 117,829
Disposal Group, Including Discontinued Operation, Cash   3,100
Gain on sale of discontinued operations, net of income tax 3,345 102,221
Payments for Repurchase of Common Stock 0 (5,856)
Proceeds from Issuance of Preferred Stock and Preference Stock $ 9,803 $ 0