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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 23,519 $ 122,964  
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax 0 21,790  
Income (loss) from continuing operations 20,174 (2,321)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation expense 31,763 35,256  
Amortization expense 80,547 71,906  
Amortization of Acquisition Costs 4,006 1,175  
Amortization of debt issuance costs 3,014 3,034  
Impairment expense 8,182 32,568  
Gain (Loss) on Disposition of Assets 24,218 0  
Noncontrolling stockholder stock based compensation 13,026 7,598  
Accounts Receivable, Credit Loss Expense (Reversal) (6,712) (241)  
Deferred taxes (2,861) (12,698)  
Other 935 831  
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (90,997) (24,841)  
Inventories (203,514) (81,221)  
Other current and non-current assets 4,227 (1,513)  
Accounts payable and accrued expenses 36,382 (21,345)  
Cash (used in) provided by operating activities - continuing operations (77,610) 8,188  
Net Cash Provided by (Used in) Operating Activities, Total (77,610) 56,952  
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0 48,764  
Payments to Acquire Businesses, Net of Cash Acquired (380,049) 0  
Cash flows from investing activities:      
Purchases of property and equipment (34,507) (38,537)  
Proceeds from sale of business 65,216 105,123  
Other investing activities (2,910) (1,653)  
Cash (used in) provided by investing activities - continuing operations (352,250) 64,933  
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 39,358  
Cash flows from financing activities:      
Proceeds from Issuance of Common Stock 8,045 (127)  
Borrowings under credit facility 349,000 287,000  
Repayments under credit facility (239,000) (330,000)  
Repayments of Other Long-Term Debt 7,500 7,500  
Distributions paid - common shares (56,577) (54,012)  
Distributions paid - preferred shares (18,491) (18,136)  
Payments to Noncontrolling Interests, Allocation Interests (48,941) (26,475)  
Net proceeds provided by noncontrolling shareholders 55 350  
Proceeds From Minority Shareholders - Acquisitions 41,674 0  
Payments for Repurchase Subsidiary Stock 4,327 1,622  
Other 0 (16)  
Net cash provided by (used in) financing activities 50,882 (157,927)  
Foreign currency impact on cash 449 150  
Net (decrease) increase in cash and cash equivalents (378,529) 3,466  
Cash and cash equivalents — beginning of period (1) 450,477 61,271  
Cash and cash equivalents — end of period (2) 71,948 64,737  
Net Cash Provided by (Used in) Investing Activities, Total (352,250) 104,291  
Disposal Group, Including Discontinued Operation, Cash   200 $ 4,700
Gain on sale of discontinued operations, net of income tax 3,345 103,495  
Payments for Repurchase of Common Stock 0 (7,389)  
Proceeds from Issuance of Preferred Stock and Preference Stock $ 26,944 $ 0