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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 $ 52,601 $ 62,996
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,618 10,490
Share-based compensation 1,981 3,637
Equity method investment loss (gain) (614) 579
Deferred income taxes, including change in valuation allowance (10) 2,129
Change in fair value of contingent consideration 9,500 0
Other, net 270 206
Changes in operating assets and liabilities, net of effects of acquisition:    
Receivables, net (14,766) (35,833)
Inventory (11,754) (41,020)
Prepaid expenses (1,217) (2,076)
Income taxes payable (refundable) (1,818) 2,010
Accounts payable (6,345) 22,328
Accrued expenses and other (10,738) (7,048)
Federal and state excise taxes payable 2,241 1,319
Other, net (367) 439
Net cash provided by operating activities 29,582 20,156
Cash Flows from Investing Activities    
Additions to property, plant, and equipment (33,397) (30,055)
Purchase of business, net of cash acquired 0 (104,398)
Other, net (260) (1,136)
Net cash used in investing activities (33,657) (135,589)
Cash Flows from Financing Activities    
Payment of dividends and dividend equivalents (5,344) (5,337)
Repurchase of Common Stock (9,735) (801)
Proceeds from long-term debt 50,000 105,000
Principal payments on long-term debt (28,200) (9,400)
Net cash provided by financing activities 6,721 89,462
Effect of exchange rate changes on cash and cash equivalents (23) 41
Increase (decrease) in cash and cash equivalents 2,623 (25,930)
Cash and cash equivalents, beginning of period 18,388 47,889
Cash and cash equivalents, end of period $ 21,011 $ 21,959

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