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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 206,482 $ 174,104
Adjustments to reconcile net income to cash flows provided by operating activities    
Depreciation and amortization 26,222 29,206
Unrealized foreign exchange loss (gain) 1,617 (2,783)
Amortization of debt issuance costs 696 910
Share-based compensation 19,053 15,530
Loss on disposals of property, plant and equipment 31 593
Gain on deconsolidation of VIE (Note 16) 0 (20,887)
(Gain) loss from equity method investment (Note 16) (324) 408
Deferred income taxes 20,139 4,861
Changes in operating assets and liabilities    
Accounts receivable (277,869) (197,402)
Inventories 68,939 57,857
Accounts payable 43,460 24,104
Accrued taxes 22,158 7,697
Other assets and liabilities (23,160) (62,590)
Cash flows provided by operating activities 107,444 31,608
Cash flows from investing activities    
Additions to property, plant and equipment (37,273) (25,146)
Other, net 0 (646)
Cash flows used in investing activities (37,273) (25,792)
Cash flows from financing activities    
Proceeds from credit facilities (Note $5) 682,351 790,476
Repayments of credit facilities (Note $5) (664,141) (626,260)
Purchases of common stock (26,003) (125,009)
Dividends paid on common stock (30,766) (28,623)
Payment of employee restricted stock tax withholdings (19,888) (10,974)
Other, net 7,500 (1,742)
Cash flows used in financing activities (50,947) (2,132)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (1,371) 3,312
Net increase in cash, cash equivalents and restricted cash 17,853 6,996
Cash, cash equivalents and restricted cash, beginning of year 50,088 53,059
Cash, cash equivalents and restricted cash, end of period 67,941 60,055
Supplemental non-cash information    
Purchases of property, plant and equipment, accrued not paid 5,999 4,960
Additions to right-of-use assets obtained in exchange for operating lease obligations 8,544 8,843
Additions to right-of-use assets obtained in exchange for finance lease obligations 224 0
Dividend equivalents rights ("DERs") declared not paid 1,261 1,016
Additions to share repurchase liability (Note 10) 0 62,508
Additional investment in less than wholly-owned subsidiary (Note 16) $ 6,361 $ 0