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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flow from operating activities:      
Net income $ 382,962 $ 388,330 $ 434,374
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and amortization 55,496 65,716 62,963
Related party Tax Receivable Agreement (benefit) expense (83) 231 (21,090)
Deferred income tax provision 17,022 (3,657) 20,241
Loss on extinguishment of debt 0 0 8,329
Non-cash stock-based compensation expense 2,311 16,631 2,665
Non-cash interest expense (2,428) 12,051 6,192
Other adjustments (8,023) 7,107 7,861
Net change in working capital* (99,575) (16,377) 86,438
Change in related party Tax Receivable Agreement (3,745) (21,799) (27,857)
Change in long-term assets and liabilities (19,309) (5,193) (16,470)
Net cash provided by operating activities 324,628 443,040 563,646
Cash flow from investing activities:      
Capital expenditures (72,165) (58,257) (36,075)
Proceeds from the sale of fixed assets 195 397 379
Net cash used in investing activities (71,970) (57,860) (35,696)
Cash flow from financing activities:      
Debt issuance and modification costs (2,232) (3,109) (6,278)
Proceeds from the issuance of long-term debt 0 0 500,000
Principal payments on long-term debt (110,124) (400,142) (896,360)
Repurchase of common stock (60,000) (50,000) (30,099)
Payments for taxes related to net share settlement of equity awards (230) (4,077) (71)
Proceeds from exercise of stock options 225 351 0
Dividends paid to non-related party (7,770) (7,439) (8,603)
Dividends paid to related party (2,559) (3,206) (22,272)
Interest rate swap settlements 6,423 (4,170) 0
Net cash used in financing activities (176,267) (471,792) (463,683)
Net change in cash and cash equivalents 76,391 (86,612) 64,267
Effect of exchange rate changes on cash and cash equivalents 736 (1,316) 240
Cash and cash equivalents at beginning of period 57,514 145,442 80,935
Cash and cash equivalents at end of period 134,641 57,514 145,442
Supplemental disclosures of cash flow information:      
Interest 39,503 56,333 86,962
Income taxes 67,122 63,791 73,971
Decrease (increase) in current assets:      
Accounts and notes receivable, net 60,507 (28,927) 63,557
Inventories (153,579) (28,165) 44,633
Prepaid expenses and other current assets 593 (31,921) 3,028
Income taxes payable (15,029) 5,674 (12,420)
Accounts payable and accruals 7,748 66,591 (12,790)
Interest payable 185 371 430
Net change in working capital* $ (99,575) $ (16,377) $ 86,438