v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES    
Net income $ 175,772 $ 188,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 59,903 46,068
Deferred income taxes 45,012 0
Stock-based compensation 8,096 6,460
Loss on disposal of property, plant and equipment 5,169 507
Other non-cash adjustments (309) (169)
Changes in operating assets and liabilities:    
Accounts receivable (174,823) (75,641)
Inventories 57,476 57,731
Prepaid expenses and other assets 5,378 8,236
Accounts payable 23,438 13,150
Accrued expenses and other liabilities 49,112 30,512
Deferred Revenue 227 0
Income taxes receivable/payable (6,088) 17,660
Net cash provided by operating activities 248,363 292,627
INVESTING ACTIVITIES    
Expenditures for property, plant and equipment (69,373) (180,214)
Purchased intangibles (5,949) (8,280)
Proceeds from sales of property, plant and equipment 89 358
Net cash used in investing activities (75,233) (188,136)
FINANCING ACTIVITIES    
Borrowings under line of credit 656,000 679,547
Principal payments under line of credit (619,500) (770,847)
Repurchases of common stock (208,634) (4,033)
Proceeds from employee stock purchase and option plans 906 901
Financing costs (2,438) 6
Net cash used in financing activities (173,666) (94,426)
Net (decrease) increase in cash and cash equivalents (536) 10,065
Cash and cash equivalents, beginning of period 3,807 1,292
Cash and cash equivalents, end of period 3,271 11,357
Supplemental Disclosure:    
Cash paid for interest, net of capitalized interest 3,023 0
Cash paid for income taxes, net 24,353 48,686
Supplemental non-cash investing and financing disclosure:    
(Decrease) increase capital expenditures in accounts payable and accrued expenses $ (6,272) $ 27,437