v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 232,819 $ 56,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 80,517 84,000
Change in fair value of contingent consideration, net   2,003
Payment of contingent consideration in excess of acquisition date fair value   (1,500)
Provision for credit losses 22,865 40,658
Amortization of deferred debt issuance costs 5,764 5,543
Share-based compensation 23,169 38,483
Deferred income taxes, net (9,529) 3,892
Gain on sale of discontinued operations (101,868)  
Other 1,014 3,186
Change in operating assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable (152,577) (112,756)
Prepaid expenses and other current assets (86,132) 24,411
Inventories 239,989 11,473
Trade accounts payable (87,503) 53,277
Accrued expenses 27,951 (43,490)
Other assets and liabilities (29,620) (15,058)
Net cash provided by operating activities 166,859 150,674
Investing activities:    
Purchases of property and equipment (50,576) (42,057)
Acquisitions of businesses (42,203) (6,754)
Proceeds from sale of discontinued operations 810,908  
Other 1,066 1,377
Net cash provided by (used in) investing activities 719,195 (47,434)
Financing activities:    
Long-term debt repayments (320,491) (23,720)
Repayments of the Revolving Credit Facility, net   (63,300)
Payments of debt issuance costs (3,378)  
Repurchases of shares of common stock (120,000)  
Proceeds from shares issued under share-based compensation plan 32,415 9,062
Taxes paid related to net share settlement of equity awards (6,607) (4,512)
Purchase of redeemable noncontrolling interest (267) (5,100)
Payments of financing lease obligations (5,822) (6,691)
Net cash used in financing activities (424,150) (94,261)
Net increase in cash and cash equivalents 461,904 8,979
Cash and cash equivalents at beginning of period 88,477 61,253
Cash and cash equivalents at end of period 550,381 70,232
Cash and cash equivalents included in assets held for sale at end of period   162
Cash and cash equivalents included in continuing operations at end of period 550,381 70,070
Supplemental disclosures of cash flow information:    
Interest, net 75,457 96,069
Income taxes, net of refunds 156,704 13,022
Supplemental schedule of non-cash investing and financing activities:    
Financing lease obligations assumed 3,783 6,691
Purchases of property and equipment in accounts payable $ 3,666 $ 4,103