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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 47,491 $ 125,870
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation 20,306 13,760
Amortization of intangibles 6,149 6,406
Gain (Loss) on Disposition of Assets 0 2
Deferred income taxes (3,763) 6,653
Stock-based compensation 6,618 5,681
Non-cash interest expense 478 477
Equity in loss of unconsolidated entity 2,901 0
Accounts receivable (60,258) 23,829
Inventories (5,291) (98,600)
Prepaid expenses and other 995 (9,148)
Accounts payable and accrued liabilities (25,292) 69,793
Other, net 3,278 1,608
Net cash (used in) provided by operating activities (6,388) 146,331
Cash flows from investing activities    
Cash payments for capital expenditures (36,288) (55,820)
Expenditures for revenue generating assets 0 (3,244)
Investment in unconsolidated entity (7,100) 0
Net cash used in investing activities (43,388) (59,064)
Cash flows from financing activities    
Proceeds from exercise of stock options 7 155
Dividends paid (7,775) (8,366)
Borrowings under revolving credit facilities 431 103,731
Payments under revolving credit facilities (431) (103,731)
Debt issuance costs paid (5) (102)
Stock repurchases (43,834) (37,896)
Distribution to noncontrolling interest (603) (512)
Net cash used in financing activities (52,210) (46,721)
Cash and cash equivalents:    
Net (decrease) increase in cash, cash equivalents, and restricted cash (101,986) 40,546
Cash, cash equivalents, and restricted cash at beginning of period 179,271 58,245
Cash, cash equivalents, and restricted cash at end of period 77,285 98,791
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,394 9,545
Net cash paid for income taxes 23,664 40,905
Period end balance of payables for property, plant, and equipment $ 5,474 $ 18,362