LCI Industries
(NYSE:LCII)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM seg...

Website: http://www.lci1.com

Founded: 1984

Full Time Employees: 10,500

Sector: Consumer Cyclical

Industry: Recreational Vehicles

Recreational Vehicles

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At a glance:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31

net sales	1,090,517,000	932,700,000	1,036,477,000	1,107,250,000	1,045,590,000	803,138,000	915,497,000	1,054,544,000	968,029,000	837,544,000	959,315,000	1,014,639,000	973,310,000	894,346,000	1,132,079,000	1,536,150,000	1,644,568,000	1,213,410,000	1,165,309,000	1,093,720,000	1,000,258,000	783,002,000	827,729,000	525,765,000	659,670,000	564,021,000	586,221,000	629,068,000	592,172,000	536,616,000	604,244,000	684,455,000	650,492,000	547,137,000	554,814,000	547,483,000	498,336,000	402,899,000	412,370,000	440,831,000	422,798,000	334,228,000	345,296,000	362,085,000	361,457,000	289,351,000	294,271,000	321,783,000	285,377,000		252,586,000	200,234,000	226,323,000	251,014,000	223,552,000	159,596,000	166,689,000	186,048,000	168,833,000	106,203,000	146,833,000	173,502,000	146,217,000	104,591,000	121,666,000	100,563,000	71,019,000	76,561,000	124,274,000	150,523,000	159,148,000	137,815,000	173,410,000	184,456,000	172,944,000
yoy	4.30%	16.13%	13.21%	5.00%	8.01%	-4.11%	-4.57%	3.93%	-0.54%	-6.35%	-15.26%	-33.95%	-40.82%	-26.29%	-2.85%	40.45%	64.41%	54.97%	40.78%	108.02%	51.63%	38.82%	41.20%	-16.42%	11.40%	5.11%	-2.98%	-8.09%	-8.97%	-1.92%	8.91%	25.02%	30.53%	35.80%	34.54%	24.19%	17.87%	20.55%	19.43%	21.75%	16.97%	15.51%	17.34%	12.52%	26.66%		16.50%	60.70%	26.09%		12.99%	25.46%	35.78%	34.92%	32.41%	50.27%	13.52%	7.23%	15.47%	1.54%	20.69%	72.53%	105.88%	36.61%	-2.10%	-33.19%	-55.38%	-44.45%	-28.34%	-18.40%	-7.98%
qoq	16.92%	-10.01%	-6.39%	5.90%	30.19%	-12.27%	-13.19%	8.94%	15.58%	-12.69%	-5.45%	4.25%	8.83%	-21.00%	-26.30%	-6.59%	35.53%	4.13%	6.55%	9.34%	27.75%	-5.40%	57.43%	-20.30%	16.96%	-3.79%	-6.81%	6.23%	10.35%	-11.19%	-11.72%	5.22%	18.89%	-1.38%	1.34%	9.86%	23.69%	-2.30%	-6.46%	4.27%	26.50%	-3.21%	-4.64%	0.17%	24.92%	-1.67%	-8.55%	12.76%			26.15%	-11.53%	-9.84%	12.28%	40.07%	-4.26%	-10.41%	10.20%	58.97%	-27.67%	-15.37%	18.66%	39.80%	-14.03%	20.98%	41.60%	-7.24%	-38.39%	-17.44%	-5.42%	15.48%	-20.53%	-5.99%	6.66%
cost of sales	816,852,000	726,788,000	783,864,000	837,229,000	793,841,000	633,732,000	695,539,000	788,099,000	744,123,000	676,493,000	748,367,000	796,519,000	787,239,000	747,439,000	879,025,000	1,127,065,000	1,180,325,000	921,344,000	913,728,000	836,109,000	758,481,000	585,698,000	606,290,000	397,023,000	501,065,000	441,539,000	450,748,000	480,415,000	459,578,000	433,362,000	478,343,000	533,999,000	509,759,000	430,344,000	433,594,000	416,396,000	374,322,000	304,891,000	306,820,000	323,927,000	314,357,000	260,814,000	271,171,000	280,025,000	285,054,000	232,123,000	231,788,000	249,771,000	222,177,000		204,995,000	164,363,000	184,781,000	204,591,000	178,729,000	131,814,000	134,688,000	143,989,000	130,954,000	83,118,000	114,965,000	135,944,000	112,558,000	80,234,000	93,692,000	80,010,000	65,193,000	67,420,000	99,292,000	111,940,000	121,520,000	106,266,000	131,479,000	138,683,000	133,772,000
gross profit	273,665,000	205,912,000	252,613,000	270,021,000	251,749,000	169,406,000	219,958,000	266,445,000	223,906,000	161,051,000	210,948,000	218,120,000	186,071,000	146,907,000	253,054,000	409,085,000	464,243,000	292,066,000	251,581,000	257,611,000	241,777,000	197,304,000	221,439,000	128,742,000	158,605,000	122,482,000	135,473,000	148,653,000	132,594,000	103,254,000	125,901,000	150,456,000	140,733,000	116,793,000	121,220,000	131,087,000	124,014,000	98,008,000	105,550,000	116,904,000	108,441,000	73,414,000	74,125,000	82,060,000	76,403,000	57,228,000	62,483,000	72,012,000	63,200,000		47,591,000	35,871,000	41,542,000	46,423,000	44,823,000	27,782,000	32,001,000	42,059,000	37,879,000	23,085,000	31,868,000	37,558,000	33,659,000	24,357,000	27,974,000	20,553,000	5,826,000	9,141,000	24,982,000	38,583,000	37,628,000	31,549,000	41,931,000	45,773,000	39,172,000
yoy	8.71%	21.55%	14.85%	1.34%	12.44%	5.19%	4.27%	22.16%	20.33%	9.63%	-16.64%	-46.68%	-59.92%	-49.70%	0.59%	58.80%	92.01%	48.03%	13.61%	100.10%	52.44%	61.09%	63.46%	-13.39%	19.62%	18.62%	7.60%	-1.20%	-5.78%	-11.59%	3.86%	14.78%	13.48%	19.17%	14.85%	12.13%	14.36%	33.50%	42.39%	42.46%	41.93%	28.28%	18.63%	13.95%	20.89%		31.29%	100.75%	52.14%		6.18%	29.12%	29.81%	10.38%	18.33%	20.35%	0.42%	11.98%	12.54%	-5.22%	13.92%	82.74%	477.74%	166.46%	11.98%	-46.73%	-84.52%	-71.03%	-40.42%	-15.71%	-3.94%
qoq	32.90%	-18.49%	-6.45%	7.26%	48.61%	-22.98%	-17.45%	19.00%	39.03%	-23.65%	-3.29%	17.22%	26.66%	-41.95%	-38.14%	-11.88%	58.95%	16.09%	-2.34%	6.55%	22.54%	-10.90%	72.00%	-18.83%	29.49%	-9.59%	-8.87%	12.11%	28.42%	-17.99%	-16.32%	6.91%	20.50%	-3.65%	-7.53%	5.70%	26.53%	-7.15%	-9.71%	7.80%	47.71%	-0.96%	-9.67%	7.40%	33.51%	-8.41%	-13.23%	13.94%			32.67%	-13.65%	-10.51%	3.57%	61.34%	-13.18%	-23.91%	11.04%	64.08%	-27.56%	-15.15%	11.58%	38.19%	-12.93%	36.11%	252.78%	-36.27%	-63.41%	-35.25%	2.54%	19.27%	-24.76%	-8.39%	16.85%
gross margin %	25.09%	22.08%	24.37%	24.39%	24.08%	21.09%	24.03%	25.27%	23.13%	19.23%	21.99%	21.50%	19.12%	16.43%	22.35%	26.63%	28.23%	24.07%	21.59%	23.55%	24.17%	25.20%	26.75%	24.49%	24.04%	21.72%	23.11%	23.63%	22.39%	19.24%	20.84%	21.98%	21.63%	21.35%	21.85%	23.94%	24.89%	24.33%	25.60%	26.52%	25.65%	21.97%	21.47%	22.66%	21.14%	19.78%	21.23%	22.38%	22.15%	NaN%	18.84%	17.91%	18.36%	18.49%	20.05%	17.41%	19.20%	22.61%	22.44%	21.74%	21.70%	21.65%	23.02%	23.29%	22.99%	20.44%	8.20%	11.94%	20.10%	25.63%	23.64%	22.89%	24.18%	24.82%	22.65%
warehouse and transportation	55,882,000
selling, general and administrative expenses	122,624,000	-34,510,000	177,174,000	182,217,000	170,432,000	153,272,000	166,070,000	175,841,000	166,295,000	158,430,000	165,358,000	162,946,000	166,028,000	169,944,000	165,479,000	190,296,000	194,542,000	178,093,000	162,557,000	163,629,000	140,346,000	133,851,000	127,006,000	107,960,000	114,339,000	84,837,000	86,320,000	82,996,000	84,839,000	73,727,000	80,548,000	86,368,000	80,913,000	72,608,000	73,293,000	68,047,000	64,885,000	57,412,000	60,412,000	57,516,000	52,713,000	46,087,000	46,954,000	48,426,000	44,565,000	40,007,000	39,412,000	40,909,000	37,154,000		32,860,000	27,572,000	26,594,000	27,455,000	27,450,000	21,890,000	22,877,000	24,149,000	22,336,000	18,484,000	19,248,000	21,351,000	21,231,000	19,158,000	16,721,000	16,360,000	17,250,000	16,103,000	20,481,000	23,076,000	23,297,000	21,382,000	23,728,000	24,789,000	23,274,000
operating profit	95,159,000	35,362,000	75,439,000	87,804,000	81,317,000	16,134,000	53,888,000	90,604,000	57,611,000	2,621,000	45,590,000	55,174,000	20,043,000	-23,037,000	87,575,000	218,789,000	269,701,000	113,973,000	89,024,000	93,982,000	101,431,000	63,453,000	94,433,000	20,782,000	44,266,000	37,645,000	49,153,000	65,657,000	47,755,000	29,527,000	45,353,000	64,088,000	59,820,000	44,185,000	47,927,000	63,040,000	59,129,000	40,596,000	45,138,000	59,388,000	55,728,000	23,611,000	27,171,000	33,634,000	31,838,000	17,221,000	23,071,000	29,149,000	26,046,000		13,588,000	6,843,000	14,948,000	18,968,000	17,373,000	5,892,000	9,203,000	17,910,000	15,543,000	4,601,000	12,699,000	16,207,000	12,428,000	5,177,000	11,313,000	4,193,000	-56,264,000	-15,116,000	4,530,000	15,507,000	14,977,000	10,167,000	18,254,000	20,984,000	16,554,000
yoy	17.02%	119.18%	39.99%	-3.09%	41.15%	515.57%	18.20%	64.22%	187.44%	-111.38%	-47.94%	-74.78%	-92.57%	-120.21%	-1.63%	132.80%	165.90%	79.62%	-5.73%	352.23%	129.14%	68.56%	92.12%	-68.35%	-7.31%	27.49%	8.38%	2.45%	-20.17%	-33.17%	-5.37%	1.66%	1.17%	8.84%	6.18%	6.15%	6.10%	71.94%	66.13%	76.57%	75.04%	37.11%	17.77%	15.39%	22.24%		69.79%	325.97%	74.24%		-21.79%	16.14%	62.43%	5.91%	11.77%	28.06%	-27.53%	10.51%	25.06%	-11.13%	12.25%	286.53%	-122.09%	-134.25%	149.74%	-72.96%	-475.67%	-248.68%	-75.18%	-26.10%	-9.53%
qoq	169.10%	-53.13%	-14.08%	7.98%	404.01%	-70.06%	-40.52%	57.27%	2098.05%	-94.25%	-17.37%	175.28%	-187.00%	-126.31%	-59.97%	-18.88%	136.64%	28.03%	-5.28%	-7.34%	59.85%	-32.81%	354.40%	-53.05%	17.59%	-23.41%	-25.14%	37.49%	61.73%	-34.90%	-29.23%	7.13%	35.39%	-7.81%	-23.97%	6.61%	45.65%	-10.06%	-23.99%	6.57%	136.03%	-13.10%	-19.22%	5.64%	84.88%	-25.36%	-20.85%	11.91%			98.57%	-54.22%	-21.19%	9.18%	194.86%	-35.98%	-48.62%	15.23%	237.82%	-63.77%	-21.64%	30.41%	140.06%	-54.24%	169.81%	-107.45%	272.21%	-433.69%	-70.79%	3.54%	47.31%	-44.30%	-13.01%	26.76%
operating margin %	8.73%	3.79%	7.28%	7.93%	7.78%	2.01%	5.89%	8.59%	5.95%	0.31%	4.75%	5.44%	2.06%	-2.58%	7.74%	14.24%	16.40%	9.39%	7.64%	8.59%	10.14%	8.10%	11.41%	3.95%	6.71%	6.67%	8.38%	10.44%	8.06%	5.50%	7.51%	9.36%	9.20%	8.08%	8.64%	11.51%	11.87%	10.08%	10.95%	13.47%	13.18%	7.06%	7.87%	9.29%	8.81%	5.95%	7.84%	9.06%	9.13%	NaN%	5.38%	3.42%	6.60%	7.56%	7.77%	3.69%	5.52%	9.63%	9.21%	4.33%	8.65%	9.34%	8.50%	4.95%	9.30%	4.17%	-79.22%	-19.74%	3.65%	10.30%	9.41%	7.38%	10.53%	11.38%	9.57%
interest expense	9,913,000	9,707,000	10,323,000	9,689,000	5,991,000	5,100,000	6,516,000	7,962,000	9,321,000	9,456,000	10,325,000	10,249,000	10,394,000	8,220,000	6,910,000	6,191,000	6,252,000	5,522,000	4,667,000	3,472,000	2,705,000	2,610,000	1,948,000	3,698,000	5,197,000	2,290,000	1,900,000	2,099,000	2,507,000	1,955,000	1,720,000	1,660,000	1,101,000	275,000	311,000	414,000	437,000	393,000	396,000	413,000	476,000	486,000	595,000	615,000	189,000	106,000	130,000	74,000	120,000		118,000	84,000	116,000	56,000	74,000	95,000	78,000	61,000	58,000	50,000	28,000	421,000	226,000	175,000	179,000	235,000	200,000	275,000	323,000	197,000	82,000	619,000	444,000	640,000	912,000
loss on extinguishment of debt			806,000		8,053,000
income before income taxes	85,246,000	25,655,000	84,026,000	78,115,000	67,273,000	11,034,000	47,372,000	82,642,000	48,290,000	-6,835,000	35,265,000	44,925,000	9,649,000	-31,257,000	80,665,000	212,598,000	263,449,000	108,451,000	84,357,000	90,510,000	98,726,000	60,843,000	92,485,000	17,084,000	39,069,000	35,355,000	47,253,000	63,558,000	45,248,000	27,572,000	43,633,000	62,428,000	58,719,000	43,910,000	47,616,000	62,626,000	58,692,000	40,203,000	44,742,000	58,975,000	55,252,000	23,125,000	26,576,000	33,019,000	31,649,000	17,115,000	22,941,000	29,075,000	25,926,000		13,470,000	6,759,000	14,832,000	18,912,000	17,299,000	5,797,000	9,125,000	17,849,000	15,485,000				12,202,000					-15,391,000	4,207,000	15,310,000	14,895,000	9,548,000	17,810,000	20,344,000	15,642,000
provision for income taxes	22,299,000	6,971,000	21,533,000	20,480,000	17,835,000	1,487,000	11,760,000	21,479,000	11,745,000	-4,458,000	9,378,000	11,499,000	2,390,000	-14,128,000	19,273,000	58,068,000	67,268,000	26,122,000	20,956,000	22,621,000	24,606,000	12,150,000	24,138,000	3,898,000	10,855,000	6,548,000	11,444,000	16,031,000	10,882,000	7,393,000	9,821,000	15,204,000	11,383,000	26,446,000	15,478,000	22,489,000	15,547,000	13,904,000	14,898,000	21,406,000	19,293,000	6,985,000	9,313,000	12,150,000	11,576,000	5,119,000	7,453,000	10,457,000	9,762,000		5,098,000	2,014,000	5,061,000	7,204,000	6,183,000	1,709,000	3,506,000	6,884,000	6,098,000									-6,181,000	1,614,000	6,120,000	5,790,000	3,065,000	6,677,000	7,782,000	6,053,000
net income	62,947,000	18,684,000	62,493,000	57,635,000	49,438,000	9,547,000	35,612,000	61,163,000	36,545,000	-2,377,000	25,887,000	33,426,000	7,259,000	-17,129,000	61,392,000	154,530,000	196,181,000	82,329,000	63,401,000	67,889,000	74,120,000	48,693,000	68,347,000	13,186,000	28,214,000	28,807,000	35,809,000	47,527,000	34,366,000	20,179,000	33,812,000	47,224,000	47,336,000	17,464,000	32,138,000	40,137,000	43,145,000	26,299,000	29,844,000	37,569,000	35,959,000	16,140,000	17,263,000	20,869,000	20,073,000	11,996,000	15,488,000	18,618,000	16,164,000		8,372,000	4,745,000	9,771,000	11,708,000	11,116,000	4,088,000	5,619,000	10,965,000	9,387,000	3,132,000	7,982,000	9,592,000	7,328,000	2,904,000	7,189,000	2,556,000	-36,702,000	-9,210,000	2,593,000	9,190,000	9,105,000	6,483,000	11,133,000	12,562,000	9,589,000
yoy	27.33%	95.71%	75.48%	-5.77%	35.28%	-501.64%	37.57%	82.98%	403.44%	-86.12%	-57.83%	-78.37%	-96.30%	-120.81%	-3.17%	127.62%	164.68%	69.08%	-7.24%	414.86%	162.71%	69.03%	90.87%	-72.26%	-17.90%	42.76%	5.91%	0.64%	-27.40%	15.55%	5.21%	17.66%	9.71%	-33.59%	7.69%	6.84%	19.98%	62.94%	72.88%	80.02%	79.14%	34.54%	11.46%	12.09%	24.18%		85.00%	292.37%	65.43%		-24.69%	16.07%	73.89%	6.78%	18.42%	30.52%	-29.60%	14.31%	28.10%	7.85%	11.03%	275.27%	-119.97%	-131.53%	177.25%	-72.19%	-503.10%	-242.06%	-76.71%	-26.84%	-5.05%
qoq	236.90%	-70.10%	8.43%	16.58%	417.84%	-73.19%	-41.78%	67.36%	-1637.44%	-109.18%	-22.55%	360.48%	-142.38%	-127.90%	-60.27%	-21.23%	138.29%	29.85%	-6.61%	-8.41%	52.22%	-28.76%	418.33%	-53.26%	-2.06%	-19.55%	-24.66%	38.30%	70.31%	-40.32%	-28.40%	-0.24%	171.05%	-45.66%	-19.93%	-6.97%	64.06%	-11.88%	-20.56%	4.48%	122.79%	-6.51%	-17.28%	3.97%	67.33%	-22.55%	-16.81%	15.18%			76.44%	-51.44%	-16.54%	5.33%	171.92%	-27.25%	-48.76%	16.81%	199.71%	-60.76%	-16.78%	30.90%	152.34%	-59.60%	181.26%	-106.96%	298.50%	-455.19%	-71.78%	0.93%	40.44%	-41.77%	-11.38%	31.00%
net income margin %	5.77%	2.00%	6.03%	5.21%	4.73%	1.19%	3.89%	5.80%	3.78%	-0.28%	2.70%	3.29%	0.75%	-1.92%	5.42%	10.06%	11.93%	6.78%	5.44%	6.21%	7.41%	6.22%	8.26%	2.51%	4.28%	5.11%	6.11%	7.56%	5.80%	3.76%	5.60%	6.90%	7.28%	3.19%	5.79%	7.33%	8.66%	6.53%	7.24%	8.52%	8.51%	4.83%	5.00%	5.76%	5.55%	4.15%	5.26%	5.79%	5.66%	NaN%	3.31%	2.37%	4.32%	4.66%	4.97%	2.56%	3.37%	5.89%	5.56%	2.95%	5.44%	5.53%	5.01%	2.78%	5.91%	2.54%	-51.68%	-12.03%	2.09%	6.11%	5.72%	4.70%	6.42%	6.81%	5.54%
net income per common share:
basic	2,600	800	2,560	2,290	1,940	370	1,400	2,400	1,440	-90	1,020	1,320	290	-660	2,410	6,070	7,750	3,250	2,510	2,690	2,940	1,930	2,720	520	1,130	1,150	1,430	1,900	1,380	810	1,340	1,870	1,880	690	1,280	1,610	1,730	1,060	1,210	1,520	1,460	660	710	860	830	490	650	780	680		360	210	430	520	500	180	250	490	420	140	360	430	330	140	330	120	-1,700	-410	120	420	410	300	510	570	440
diluted	2,530	790	2,550	2,290	1,940	370	1,390	2,400	1,440	-100	1,020	1,310	290	-670	2,400	6,060	7,710	3,220	2,490	2,670	2,930	1,920	2,700	520	1,120	1,140	1,420	1,890	1,380	800	1,330	1,860	1,860	680	1,260	1,590	1,710	1,050	1,190	1,510	1,450	660	700	850	820	490	640	770	670		360	210	430	520	490	180	250	490	420	140	360	430	330	140	330	120	-1,700	-420	120	420	410	290	500	570	440
weighted-average common shares outstanding:
basic	24,243,000	24,803,000	24,389,000	25,157,000	25,426,000	25,447,000	25,480,000	25,473,000	25,374,000	25,305,000	25,340,000	25,329,000	25,228,000	25,372,000	25,447,000	25,438,000	25,329,000	25,257,000	25,286,000	25,275,000	25,193,000	25,134,000	25,162,000	25,150,000	25,075,000	24,998,000	25,031,000	25,024,000	24,914,000	25,178,000	25,235,000	25,233,000	25,149,000	25,020,000	25,060,000	24,992,000	24,906,000	24,631,000	24,724,000	24,662,000	24,567,000	24,295,000	24,289,000	24,279,000	24,215,000	23,911,000	23,935,000	23,931,000	23,774,000	23,321,000	23,017,000	22,558,000	22,563,000	22,516,000	22,442,000	22,267,000	22,273,000	22,270,000	22,219,000	22,123,000
diluted	24,913,000	24,855,000	24,466,000	25,157,000	25,426,000	25,507,000	25,558,000	25,504,000	25,389,000	25,436,000	25,504,000	25,437,000	25,293,000	25,514,000	25,600,000	25,518,000	25,461,000	25,427,000	25,417,000	25,385,000	25,325,000	25,255,000	25,313,000	25,219,000	25,143,000	25,093,000	25,156,000	25,091,000	24,929,000	25,463,000	25,504,000	25,454,000	25,465,000	25,375,000	25,459,000	25,305,000	25,255,000	24,933,000	25,060,000	24,916,000	24,794,000	24,650,000	24,686,000	24,615,000	24,541,000	24,334,000	24,301,000	24,303,000	24,188,000	23,753,000	23,455,000	22,828,000	22,800,000	22,731,000	22,642,000	22,444,000	22,447,000	22,458,000	22,377,000	22,266,000
gain on sale of real estate			-19,716,000
sale of extrusion assets																																																1,954,000
executive succession																																																			1,143,000
other																																																									-79,000				-79,000			22,000	-60,000		-200,000
goodwill impairment																																																																			45,040,000
income (loss) before income taxes																																																												10,164,750	12,671,000	15,786,000
provision (benefit) for income taxes																																																												3,939,250	4,689,000	6,194,000	4,874,000
weighted average common shares outstanding:
basic																																																													22,129,000	22,121,000	22,102,000	21,807,000	21,847,000	21,682,000	21,643,000		21,702,000	21,920,000	22,014,000		21,936,000	21,852,000	21,781,000
diluted																																																													22,262,000	22,276,000	22,248,000	21,807,000	21,994,000	21,738,000	21,643,000		21,815,000	22,074,000	22,179,000		22,219,000	22,091,000	21,958,000
(loss) income before income taxes																																																																5,002,000	11,134,000	3,958,000	-56,464,000
(benefit) provision for income taxes																																																																2,098,000	3,945,000	1,402,000	-19,762,000
other income																																																																				168,750	29,000		646,000		51,000		656,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31

assets
current assets
cash and cash equivalents	142,237,000	222,615,000	199,721,000	191,931,000	231,243,000	165,756,000	161,184,000	130,418,000	22,625,000	66,157,000	31,242,000	22,094,000	23,465,000	47,499,000	23,403,000	54,988,000	55,449,000	62,896,000	72,615,000	97,961,000	63,319,000	51,821,000	68,187,000	62,272,000	97,999,000	35,359,000	24,168,000	15,128,000	14,317,000	14,928,000	18,250,000	17,851,000	4,993,000	26,049,000	19,762,000	37,961,000	64,381,000	86,170,000	95,060,000	78,560,000	27,917,000	12,305,000	7,252,000	11,782,000	27,927,000	4,000	4,000	4,000	6,132,000	66,280,000	52,873,000	31,877,000	4,035,000	9,939,000	32,584,000	42,514,000	3,541,000	6,584,000	1,472,000	36,774,000	36,728,000	38,880,000	41,213,000	47,073,000	41,733,000	52,365,000	44,932,000	24,919,000	14,326,000	8,692	9,185,000	43,397,000	50,414,000	56,213,000	43,644,000	38,561,000	12,024,000	6,785,000
accounts receivable	376,112,000	243,425,000	363,861,000	386,074,000	357,138,000	199,560,000	319,166,000	333,059,000	344,406,000	214,707,000	338,847,000	299,469,000	340,305,000	214,262,000	335,945,000	417,033,000	564,672,000	319,782,000	394,766,000	418,014,000	405,395,000	268,625,000	313,264,000	269,562,000	280,952,000	199,976,000	185,821,000	143,111,000	179,417,000	121,812,000	162,748,000	163,249,000	178,337,000	82,157,000	139,144,000	130,514,000	131,108,000	57,374,000	89,626,000	102,355,000	104,695,000	41,509,000	84,381,000	72,902,000	89,798,000	37,987,000	64,543,000	71,954,000	75,763,000	31,015,000	54,824,000	59,515,000	54,249,000	21,846,000	50,421,000	50,900,000	57,535,000	22,620,000
inventories	834,453,000	809,094,000	741,279,000	710,288,000	717,438,000	736,604,000	705,439,000	687,870,000	734,360,000	768,407,000	791,884,000	830,020,000	909,385,000	1,029,705,000	1,079,902,000	1,155,171,000	1,136,230,000	1,095,907,000	790,651,000	620,183,000	535,056,000	493,899,000	369,160,000	328,986,000	350,514,000	393,607,000	334,462,000	301,159,000	324,522,000	340,615,000	325,819,000	323,893,000	323,945,000	274,748,000	229,763,000	202,635,000	189,020,000	188,743,000	161,312,000	149,163,000	165,184,000	170,834,000	178,847,000	163,448,000	138,276,000	132,492,000	127,078,000	108,357,000	99,017,000	101,211,000	96,164,000	99,777,000	110,207,000	97,367,000	98,393,000	91,413,000	88,630,000	92,052,000	97,765,000	83,556,000	77,612,000	69,328,000	74,121,000	69,175,000	61,813,000	57,757,000	57,184,000	58,833,000	75,098,000	93,934	107,272,000	99,836,000	87,198,000	76,279,000	79,225,000	75,053,000	83,882,000	83,076,000
prepaid expenses and other current assets	67,089,000	74,552,000	64,271,000	69,952,000	61,269,000	58,318,000	59,084,000	67,637,000	68,068,000	67,599,000	68,666,000	83,662,000	91,624,000	99,310,000	66,236,000	70,510,000	70,766,000	88,300,000	102,434,000	79,817,000	64,410,000	55,456,000	45,061,000	36,471,000	39,934,000	41,849,000	32,836,000	33,168,000	34,840,000	49,296,000	49,887,000	43,961,000	37,802,000	34,125,000	45,384,000	43,977,000	37,456,000	35,107,000	28,572,000	25,613,000	23,408,000	21,178,000	17,029,000	17,340,000	38,606,000	18,444,000	18,410,000	15,307,000	9,411,000	14,467,000	8,396,000	10,844,000	9,882,000	14,798,000	11,165,000	9,631,000	5,570,000	6,187,000	6,960,000	18,306,000	16,691,000	16,768,000	16,030,000	15,156,000	14,439,000	13,793,000	15,647,000	16,667,000	18,470,000	16,556	11,924,000	12,105,000	11,061,000	12,702,000	13,703,000	9,830,000	9,688,000	13,351,000
total current assets	1,419,891,000	1,349,686,000	1,369,132,000	1,358,245,000	1,367,088,000	1,160,238,000	1,244,873,000	1,218,984,000	1,169,459,000	1,116,870,000	1,230,639,000	1,235,245,000	1,364,779,000	1,390,776,000	1,505,486,000	1,697,702,000	1,827,117,000	1,566,885,000	1,360,466,000	1,215,975,000	1,068,180,000	869,801,000	795,672,000	697,291,000	769,399,000	670,791,000	580,596,000	538,098,000	553,096,000	526,651,000	556,704,000	548,954,000	545,077,000	417,079,000	434,053,000	415,087,000	421,965,000	367,394,000	374,570,000	355,691,000	321,204,000	268,442,000	306,218,000	284,181,000	294,607,000	207,636,000	222,592,000	208,179,000	202,880,000	225,530,000	222,330,000	212,086,000	188,446,000	154,023,000	202,688,000	204,583,000	165,401,000	137,568,000	160,304,000	182,686,000	174,275,000	142,865,000	178,686,000	183,664,000	162,590,000	149,451,000	147,490,000	124,581,000	125,035,000	127,095	152,255,000	178,979,000	182,412,000	160,934,000	174,885,000	159,965,000	145,925,000	121,040,000
fixed assets	419,363,000	428,031,000	430,505,000	433,012,000	428,046,000	432,728,000	443,349,000	448,025,000	454,071,000	465,781,000	472,518,000	478,885,000	480,904,000	482,185,000	470,571,000	456,517,000	450,095,000	426,455,000	421,053,000	408,693,000	392,713,000	387,218,000	368,422,000	364,957,000	372,113,000	366,309,000	343,883,000	339,613,000	335,049,000	322,876,000	304,144,000	282,142,000	266,596,000	228,950,000	210,304,000	203,204,000	178,922,000	172,748,000	153,167,000	151,250,000	150,378,000	150,600,000	150,424,000	148,639,000	149,087,000	146,788,000	133,543,000	126,523,000	129,060,000	125,982,000	120,723,000	117,419,000	112,783,000	107,936,000	101,931,000	99,342,000	95,438,000	95,050,000	90,884,000	85,308,000	81,151,000	79,848,000		79,930,000	78,962,000	80,276,000	83,263,000	86,087,000	86,813,000	88,731	93,957,000	94,603,000	96,625,000	100,616,000	105,582,000	115,080,000	121,211,000	124,558,000
goodwill	619,548,000	622,183,000	620,556,000	618,898,000	590,204,000	585,773,000	593,882,000	588,523,000	587,791,000	589,550,000	579,912,000	584,312,000	566,178,000	567,063,000	551,615,000	554,828,000	562,038,000	543,180,000	568,885,000	496,422,000	454,382,000	454,728,000	413,068,000	418,839,000	399,360,000	351,114,000	203,505,000	182,224,000	178,336,000	180,168,000	163,211,000	151,831,000	147,291,000	124,183,000	123,001,000	122,275,000	98,105,000	89,198,000	93,925,000	93,831,000	86,112,000	83,619,000	84,551,000	72,922,000	66,521,000	66,521,000	66,203,000	61,930,000	48,445,000	21,545,000	21,552,000	21,552,000	21,177,000	21,177,000	21,177,000	21,177,000	21,050,000	20,499,000	20,137,000	8,600,000	8,600,000	7,497,000	7,497,000	7,086,000	7,673,000					44,113	49,864,000	39,641,000	39,591,000	39,547,000	39,305,000	35,868,000	36,250,000	34,344,000
other intangible assets	386,486,000	402,568,000	410,396,000	423,037,000	393,555,000	392,018,000	412,818,000	421,713,000	432,728,000	448,759,000	462,412,000	477,307,000	491,415,000	503,320,000	489,555,000	512,752,000	539,004,000	519,957,000	518,300,000	437,398,000	407,599,000	420,885,000	373,941,000	370,715,000	377,932,000	341,426,000	177,310,000	165,170,000	171,267,000	176,342,000	171,724,000	181,426,000	180,691,000	130,132,000	134,761,000	138,876,000	114,311,000	112,943,000	109,553,000	114,000,000	109,347,000	100,935,000	104,109,000	102,862,000	93,898,000	96,959,000	100,785,000	92,654,000	75,456,000	59,392,000	61,861,000	64,307,000	66,759,000	69,218,000	71,755,000	73,986,000	76,309,000	79,059,000	80,746,000	58,433,000	59,250,000	57,419,000	59,171,000	60,421,000	62,076,000	39,171,000	40,518,000	41,417,000	41,430,000	42,787	43,099,000	30,584,000	31,577,000	32,578,000	33,959,000	28,858,000	26,977,000	24,801,000
operating lease right-of-use assets	272,422,000	272,995,000	235,780,000	239,865,000	222,841,000	224,313,000	233,225,000	239,810,000	242,442,000	245,388,000	233,740,000	241,146,000	248,575,000	247,007,000	195,877,000	203,221,000	199,756,000	164,618,000	164,142,000	161,250,000	121,789,000	104,179,000	97,580,000	98,947,000	101,968,000	98,774,000	67,666,000	62,898,000	65,373,000
other long-term assets	99,086,000	100,524,000	102,220,000	101,081,000	98,264,000	99,669,000	96,817,000	94,924,000	94,845,000	92,971,000	54,586,000	59,502,000	57,516,000	56,561,000	55,867,000	57,676,000	62,713,000	66,999,000
total assets	3,216,796,000	3,175,987,000	3,168,589,000	3,174,138,000	3,099,998,000	2,894,739,000	3,024,964,000	3,011,979,000	2,981,336,000	2,959,319,000	3,033,807,000	3,076,397,000	3,209,367,000	3,246,912,000	3,268,971,000	3,482,696,000	3,640,723,000	3,288,094,000	3,088,185,000	2,776,178,000	2,500,473,000	2,298,031,000	2,110,683,000	2,018,274,000	2,051,213,000	1,862,595,000	1,414,813,000	1,330,219,000	1,342,551,000	1,243,893,000	1,234,219,000	1,204,813,000	1,178,890,000	945,858,000	955,776,000	924,650,000	852,801,000	786,904,000	774,518,000	757,819,000	709,042,000	622,946,000	669,389,000	633,633,000	629,174,000	543,841,000	549,409,000	515,632,000	477,326,000	453,184,000	449,696,000	437,749,000	411,570,000	373,868,000	418,469,000	419,202,000	380,264,000	351,083,000	371,359,000	354,381,000	342,990,000	306,781,000	345,557,000	350,654,000	330,532,000	288,065,000	289,265,000	270,528,000	274,602,000	311,358	345,561,000	351,517,000	361,991,000	345,737,000	365,111,000	346,989,000	336,936,000	311,276,000
liabilities and stockholders' equity
current liabilities
current maturities of long-term indebtedness	3,666,000	3,683,000	3,665,000	3,677,000	3,646,000	423,000	222,000	558,000	568,000	589,000	566,000	27,712,000	25,450,000	23,086,000	22,089,000	20,979,000	21,108,000	71,003,000	74,311,000	65,880,000	67,154,000	17,831,000	19,861,000	20,882,000	18,299,000	17,883,000
accounts payable, trade	211,530,000	202,257,000	220,735,000	228,092,000	220,768,000	187,684,000	193,636,000	202,622,000	193,933,000	183,697,000	198,914,000	182,637,000	169,883,000	143,529,000	201,032,000	287,659,000	340,909,000	282,183,000	297,347,000	257,162,000	232,481,000	184,931,000	175,492,000	124,399,000	137,792,000	99,262,000	99,899,000	89,323,000	89,805,000	78,354,000	80,859,000	99,085,000	97,606,000	79,164,000	88,148,000	80,596,000	70,225,000	50,616,000	55,681,000	53,330,000	48,392,000	29,700,000	53,095,000	52,505,000	63,212,000	49,534,000	44,541,000	50,379,000	48,406,000	24,063,000	31,809,000	33,463,000	40,256,000	21,725,000	33,392,000	44,372,000	19,749,000	15,742,000	30,106,000	27,377,000	29,209,000	11,351,000	20,715,000	29,380,000	19,462,000	7,513,000	11,761,000	8,047,000	7,191,000	4,660	14,273,000	18,143,000	23,690,000	17,524,000	25,012,000	20,235,000	25,236,000	12,027,000
current portion of operating lease obligations	44,983,000	44,174,000	40,271,000	39,450,000	37,543,000	38,671,000	39,035,000	38,656,000	37,322,000	36,269,000	34,642,000	35,004,000	35,516,000	35,447,000	33,862,000	34,167,000	33,500,000	30,592,000	28,751,000	27,160,000	24,794,000	25,432,000	23,772,000	23,651,000	23,389,000	21,693,000	15,226,000	14,141,000	14,801,000
accrued expenses and other current liabilities	227,799,000	223,253,000	227,505,000	213,079,000	199,310,000	185,275,000	199,081,000	190,657,000	177,217,000	174,437,000	179,894,000	196,099,000	205,182,000	219,238,000	243,138,000	295,438,000	345,486,000	243,438,000	283,722,000	200,388,000	210,559,000	188,200,000	181,398,000	140,939,000	120,557,000	132,420,000	140,947,000	116,928,000	110,605,000	99,228,000	101,848,000	104,281,000	109,818,000	102,849,000	109,849,000	114,454,000	101,020,000	98,735,000	97,733,000	113,244,000	99,654,000	69,162,000	75,561,000	77,752,000	69,499,000	57,651,000	61,999,000	58,376,000	56,187,000	47,422,000	53,333,000	57,405,000	49,326,000	48,055,000	47,074,000	48,665,000	48,036,000	36,169,000	39,413,000	39,101,000	38,891,000	33,723,000	36,743,000	42,127,000	39,517,000	28,194,000	29,327,000	25,064,000	30,058,000	32,224	41,585,000	40,389,000	46,484,000	44,668,000	48,400,000	44,733,000	39,520,000	37,320,000
total current liabilities	487,978,000	473,367,000	492,176,000	484,298,000	461,267,000	412,053,000	431,974,000	432,493,000	409,040,000	394,992,000	414,016,000	441,452,000	436,031,000	421,300,000	500,121,000	638,243,000	741,003,000	627,216,000	684,131,000	550,590,000	534,988,000	416,394,000	400,523,000	309,871,000	300,037,000	271,258,000	256,072,000	220,392,000	215,211,000	177,582,000	182,707,000	203,366,000	207,424,000	182,013,000	197,997,000	195,050,000	171,245,000	149,351,000	153,414,000	166,574,000	155,390,000	98,862,000	128,656,000	130,257,000	180,938,000	107,185,000	106,540,000	108,755,000	104,593,000	118,191,000	85,142,000	90,868,000	89,582,000	69,780,000	80,466,000	93,037,000	67,785,000	51,911,000	69,519,000	66,478,000	68,100,000	45,074,000	57,458,000	71,507,000	58,979,000	35,707,000	41,088,000	33,499,000	41,851,000	42,717	67,655,000	71,472,000	78,924,000	71,073,000	84,721,000	75,446,000	74,727,000	59,061,000
long-term indebtedness	941,339,000	941,502,000	944,167,000	944,313,000	934,632,000	756,830,000	822,322,000	829,188,000	854,774,000	846,834,000	908,245,000	915,756,000	1,055,625,000	1,095,888,000	1,039,870,000	1,101,787,000	1,265,379,000	1,231,959,000	1,012,078,000	941,824,000	726,608,000	720,418,000	616,076,000	681,242,000	750,519,000	612,906,000	261,631,000	245,310,000	286,311,000	293,528,000	243,504,000	215,327,000	226,242,000	49,924,000	49,918,000	49,911,000	49,905,000	49,949,000	49,940,000	49,930,000	49,920,000	50,000,000	91,829,000	80,000,000	50,000,000	15,650,000	40,000,000	22,288,000	10,000,000										8,075,000									800,000	4,602,000	2,850	11,797,000	6,918,000	15,600,000	18,381,000	31,328,000	10,478,000	9,971,000	45,966,000
operating lease obligations	245,358,000	246,047,000	211,434,000	215,695,000	199,766,000	199,929,000	207,937,000	214,434,000	218,236,000	222,680,000	211,289,000	217,979,000	224,451,000	222,478,000	172,643,000	179,854,000	176,255,000	143,436,000	143,839,000	141,364,000	101,677,000	82,707,000	77,619,000	78,932,000	81,871,000	79,848,000	55,307,000	51,408,000	53,455,000
deferred taxes	27,699,000	27,495,000	29,175,000	16,793,000	17,716,000	26,110,000	28,631,000	29,350,000	31,211,000	32,345,000	25,281,000	26,900,000	31,405,000	30,580,000	26,816,000	28,376,000	41,260,000	43,184,000	56,309,000	34,348,000	55,563,000	53,833,000	46,946,000	42,792,000	47,600,000		8,654,000	9,219,000	8,393,000	10,948,000	12,643,000	17,947,000	17,115,000	24,156,000	32,380,000	31,864,000	26,882,000	31,989,000	29,208,000	29,391,000	29,391,000	22,616,000	18,709,000	18,709,000		18,709,000	12,557,000	12,557,000	12,557,000	12,557,000	10,073,000	10,073,000	10,073,000	10,073,000	10,125,000	10,125,000	10,125,000	10,125,000	12,142,000	15,385,000	15,770,000	15,770,000	16,532,000	16,532,000	16,532,000	16,532,000
other long-term liabilities	127,207,000	126,743,000	129,959,000	127,939,000	119,904,000	112,931,000	115,778,000	112,101,000	111,191,000	107,432,000	102,836,000	103,413,000	102,344,000	95,658,000	105,964,000	140,079,000	157,574,000	149,424,000	160,688,000	121,876,000	122,050,000	116,353,000	93,957,000	88,807,000	63,383,000	62,171,000	64,422,000	60,233,000	65,895,000	66,528,000	72,362,000	72,941,000	66,433,000	61,176,000	60,805,000	59,934,000	47,171,000	37,335,000	39,796,000	38,284,000	36,334,000	35,509,000	31,273,000	27,336,000	28,230,000	26,108,000	25,536,000	25,506,000	25,025,000	21,380,000	21,091,000	21,734,000	21,122,000	19,843,000	20,369,000	21,305,000	21,574,000	21,876,000	20,005,000	20,279,000	19,492,000	18,248,000	16,569,000	16,211,000	19,083,000	8,243,000	8,659,000	9,260,000	7,387,000	6,913	5,660,000	5,870,000	5,896,000	4,747,000	4,876,000	3,816,000	3,654,000	1,361,000
total liabilities	1,829,581,000	1,815,154,000	1,806,911,000	1,789,038,000	1,733,285,000	1,507,853,000	1,606,642,000	1,617,566,000	1,624,452,000	1,604,283,000	1,661,667,000	1,705,500,000	1,849,856,000	1,865,904,000	1,845,414,000	2,088,339,000	2,381,471,000	2,195,219,000	2,057,045,000	1,790,002,000	1,540,886,000	1,389,705,000	1,235,121,000	1,201,644,000	1,243,410,000	1,061,923,000	637,432,000	577,343,000	620,872,000	537,638,000	498,573,000	491,634,000	500,099,000	293,113,000	308,720,000	304,895,000	268,321,000	236,635,000	243,150,000	254,788,000	241,644,000	184,371,000	251,758,000	237,593,000	259,168,000	148,943,000	172,076,000	156,549,000	139,618,000	139,571,000	106,233,000	112,602,000	110,704,000	89,623,000	100,835,000	114,342,000	89,359,000	73,787,000	97,599,000	86,757,000	87,592,000	63,322,000	74,027,000	87,718,000	78,062,000	43,950,000	49,747,000	43,559,000	51,063,000	52,480	78,630,000	84,260,000	100,420,000	94,201,000	120,925,000	116,557,000	120,891,000	106,388,000
stockholders' equity
common stock	290,000	289,000	289,000	289,000	289,000	288,000	288,000	288,000	288,000	287,000	287,000	286,000	286,000	285,000	285,000	285,000	285,000	284,000	284,000	284,000	283,000		282,000	282,000	282,000		281,000	281,000	281,000		279,000	279,000	279,000		276,000	276,000	276,000		273,000	273,000	272,000		268,000	268,000	268,000		263,000	263,000	263,000	261,000	259,000	258,000	256,000	254,000	250,000	250,000	250,000	248,000	247,000	247,000	247,000	247,000	246,000	246,000	246,000	246,000	245,000	242,000				241,000	241,000	241,000	241,000
paid-in capital	254,361,000	255,118,000	248,687,000	242,490,000	235,856,000	257,486,000	252,208,000	246,984,000	241,514,000	245,659,000	240,972,000	235,507,000	231,294,000	234,956,000	231,518,000	224,231,000	216,798,000	220,459,000	213,271,000	206,786,000	227,400,000	227,407,000	222,257,000	215,864,000	211,559,000	212,485,000	209,053,000	204,572,000	200,934,000	203,246,000	204,748,000	200,306,000	195,765,000	203,990,000	201,814,000	195,452,000	189,536,000	185,981,000	179,434,000	173,474,000	166,772,000	166,566,000	161,764,000	157,436,000	150,445,000	147,186,000	141,619,000	138,857,000	136,100,000	126,360,000	120,583,000	117,073,000	108,659,000	100,412,000	92,130,000	89,127,000	86,880,000	84,389,000	84,942,000	83,799,000	82,538,000	79,986,000	77,216,000	76,140,000	75,266,000	74,239,000	72,547,000	67,190,000	66,316,000	64,954	63,802,000	62,868,000	61,925,000	60,919,000	60,138,000	57,323,000	55,604,000	53,973,000
retained earnings	1,314,108,000	1,279,657,000	1,289,467,000	1,255,463,000	1,227,527,000	1,208,096,000	1,228,454,000	1,220,151,000	1,186,289,000	1,177,034,000	1,206,525,000	1,207,753,000	1,201,443,000	1,221,279,000	1,265,324,000	1,231,089,000	1,103,714,000	930,795,000	871,600,000	831,328,000	786,566,000	731,710,000	702,223,000	653,083,000	656,541,000	644,945,000	632,725,000	613,501,000	582,559,000	563,496,000	558,742,000	540,411,000	508,665,000	475,506,000	472,154,000	452,877,000	425,584,000	395,279,000	381,723,000	359,510,000	329,821,000	301,206,000	285,066,000	267,803,000	248,760,000	276,914,000	264,918,000	249,430,000	230,812,000	216,459,000	252,088,000	237,283,000	221,418,000	213,046,000	254,721,000	244,950,000	233,242,000	222,126,000	218,038,000	212,419,000	201,454,000	192,067,000	222,332,000	214,350,000	204,758,000	197,430,000	194,526,000	187,337,000	184,781,000	221,483	230,693,000	228,100,000	218,910,000	209,805,000	203,322,000	192,189,000	179,627,000	170,038,000
accumulated other comprehensive income	30,369,000	37,682,000	35,149,000	35,929,000	13,661,000	3,232,000	19,588,000	9,206,000	11,009,000	14,272,000	6,572,000	9,567,000	8,704,000	6,704,000				-501,000	4,147,000	5,940,000	3,500,000	7,089,000	8,962,000	5,563,000	-2,417,000	1,123,000				-2,605,000	1,344,000	1,650,000	3,549,000	2,439,000	2,279,000	617,000																																			-5,000	-11,000	-38,000	38,000	-48,000	147,000	42,000	106,000
stockholders' equity before treasury stock	1,599,128,000	1,572,746,000	1,573,592,000	1,534,171,000	1,477,333,000	1,469,102,000	1,500,538,000	1,476,629,000	1,439,100,000	1,437,252,000	1,454,356,000	1,453,113,000	1,441,727,000	1,463,224,000	1,481,719,000	1,452,519,000	1,317,414,000	1,151,037,000
treasury stock	-211,913,000	-211,913,000	-211,914,000	-149,071,000	-110,620,000	-82,216,000	-82,216,000	-82,216,000	-82,216,000	-82,216,000	-82,216,000	-82,216,000	-82,216,000	-82,216,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000	-58,162,000		-29,467,000	-29,467,000	-29,467,000		-29,467,000	-29,467,000	-29,467,000		-29,467,000	-29,467,000	-29,467,000		-29,467,000	-29,467,000	-29,467,000		-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-29,467,000	-28,841,000	-28,841,000	-28,841,000	-28,264,000	-27,800,000	-27,800,000	-27,800,000	-27,800,000	-27,800,000				-23,941,000	-19,467,000	-19,467,000	-19,467,000	-19,467,000	-19,467,000	-19,467,000
total stockholders' equity	1,387,215,000	1,360,833,000	1,361,678,000	1,385,100,000	1,366,713,000	1,386,886,000	1,418,322,000	1,394,413,000	1,356,884,000	1,355,036,000	1,372,140,000	1,370,897,000	1,359,511,000	1,381,008,000	1,423,557,000	1,394,357,000	1,259,252,000	1,092,875,000																																				284,245,000				277,296,000				243,459,000				244,115,000				258,878				251,536,000				204,888,000
total liabilities and stockholders' equity	3,216,796,000	3,175,987,000	3,168,589,000	3,174,138,000	3,099,998,000	2,894,739,000	3,024,964,000	3,011,979,000	2,981,336,000	2,959,319,000	3,033,807,000	3,076,397,000	3,209,367,000	3,246,912,000	3,268,971,000	3,482,696,000	3,640,723,000	3,288,094,000																																				373,868,000				351,083,000				306,781,000				288,065,000				311,358				345,737,000				311,276,000
accumulated other comprehensive loss															-15,408,000	-3,086,000	-3,383,000										-6,516,000	-7,316,000	-3,933,000								-1,449,000	-1,798,000	-595,000	-759,000
other assets																			55,339,000	56,440,000	55,810,000	61,220,000	62,000,000	67,525,000	30,441,000	34,181,000	33,199,000	32,997,000	31,037,000	26,908,000	25,793,000	22,513,000	22,120,000	21,358,000	21,277,000	13,344,000	12,616,000	12,632,000	14,095,000	13,656,000	12,610,000	12,575,000	24,087,000	25,029,000	25,061,000	14,193,000	26,286,000	26,346,000	9,249,000	8,499,000	8,237,000	7,392,000	7,412,000	6,521,000	6,422,000	5,618,000	7,570,000	4,411,000	3,544,000	3,969,000	3,944,000	3,382,000	3,456,000	3,021,000	2,699,000	2,635,000	17,994,000	18,443,000	21,324,000	8,632	6,386,000	7,710,000	11,786,000	12,062,000	11,380,000	7,218,000	6,573,000	6,533,000
liabilities and stockholders’ equity
stockholders’ equity
stockholders’ equity before treasury stock																			1,089,302,000	1,044,338,000	1,017,749,000	966,488,000	933,724,000	874,792,000	865,965,000	858,834,000	835,543,000	811,038,000	779,841,000	764,417,000	765,113,000	742,646,000	708,258,000	682,212,000	676,523,000	649,222,000	613,947,000	579,736,000	560,835,000	532,498,000	496,865,000	468,042,000	447,098,000	425,507,000	399,473,000	424,365,000	406,800,000	388,550,000	367,175,000	343,080,000	372,930,000	354,614,000	330,333,000	313,712,000	347,101,000	334,327,000	320,372,000	306,763,000	303,227,000	296,465,000
total stockholders’ equity																			1,031,140,000	986,176,000	959,587,000	908,326,000	875,562,000	816,630,000	807,803,000	800,672,000	777,381,000	752,876,000	721,679,000	706,255,000	735,646,000	713,179,000	678,791,000	652,745,000	647,056,000	619,755,000	584,480,000	550,269,000	531,368,000	503,031,000	467,398,000	438,575,000	417,631,000	396,040,000	370,006,000	394,898,000	377,333,000	359,083,000	337,708,000	313,613,000	343,463,000	325,147,000	300,866,000		317,634,000	304,860,000	290,905,000		273,760,000	267,624,000	255,398,000		271,530,000	262,936,000	252,470,000		239,518,000	226,969,000	223,539,000		266,931,000	267,257,000	261,571,000		244,186,000	230,432,000	216,045,000
total liabilities and stockholders’ equity																			3,088,185,000	2,776,178,000	2,500,473,000	2,298,031,000	2,110,683,000	2,018,274,000	2,051,213,000	1,862,595,000	1,414,813,000	1,330,219,000	1,342,551,000	1,243,893,000	1,234,219,000	1,204,813,000	1,178,890,000	945,858,000	955,776,000	924,650,000	852,801,000	786,904,000	774,518,000	757,819,000	709,042,000	622,946,000	669,389,000	633,633,000	629,174,000	543,841,000	549,409,000	515,632,000	477,326,000	453,184,000	449,696,000	437,749,000	411,570,000		418,469,000	419,202,000	380,264,000		371,359,000	354,381,000	342,990,000		345,557,000	350,654,000	330,532,000		289,265,000	270,528,000	274,602,000		345,561,000	351,517,000	361,991,000		365,111,000	346,989,000	336,936,000
28,243 and 28,133 shares issued, and 25,156 and 25,046 shares outstanding at
december 31, 2020 and 2019, respectively																						282,000
75,000 shares; issued 28,133 shares at december 31, 2019
and 27,948 shares at december 31, 2018																										281,000
restricted cash																											3,309,000	45,532,000
75,000 shares; issued 27,948 shares at december 31, 2018
and 27,674 shares at december 31, 2017																														280,000
and 2,684 shares at december 31, 2017																														-58,162,000
75,000 shares; issued 27,674 shares at december 31, 2017
and 27,434 shares at december 31, 2016																																		277,000
and december 31, 2016																																		-29,467,000
dividend payable																																									7,344,000				48,227,000					46,706,000
75,000 shares; issued 27,434 shares at december 31, 2016
and 27,039 shares at december 31, 2015																																						274,000
and december 31, 2015																																						-29,467,000
75,000 shares; issued 27,039 shares at december 31, 2015
and 26,534 shares at december 31, 2014																																										270,000
and december 31, 2014																																										-29,467,000
30,000 shares; issued 26,534 shares at december 31, 2014
and 26,058 shares at december 31, 2013																																														265,000
and december 31, 2013																																														-29,467,000
short-term investments																																																														4,999,000	15,993,000	10,993,000	9,997,000	12,995,000	1,999,000	1,997,000
accounts receivable, trade, less allowances																																																											41,965,000	44,050,000	43,244,000	12,890,000	31,329,000	41,267,000	34,608,000		27,728,000	22,165,000	17,141,000		23,874,000	23,641,000	33,739,000		38,313,000	36,521,000	40,331,000
stockholders’ equity - sum																																																													284,239,000		299,794,000		280,270,000		267,318,000	254,769,000			294,731,000	291,198,000	281,038,000		263,653,000	249,899,000	235,512,000
stockholders' equity - sum																																																														272,300,000				271,915,000								271,003,000				224,355,000
fixed assets, less accumulated depreciation of 88,351 at september 2010, 81,239 at september 2009 and 82,053 at december 2009																																																															80,215,000
notes payable, including current maturities of long-term indebtedness																																																																				388,000				12,940,000	8,750,000	8,881,000	11,309,000
accounts receivable, trade, less allowances of 1,232 in 2009 and 1,666 in 2008																																																																		12,541,000
notes payable, including current maturities of
50,000,000 shares; issued 24,172,258 shares at march 2009,
24,087,654 shares at march 2008 and 24,122,054 at
december 2008																																																																					242,000
and december 2008, 2,149,325 shares at march 2008																																																																					-27,800,000
accounts receivable, trade, less allowances of
1,666 in 2008 and 1,160 in 2007																																																																						7,913
notes payable, including current maturities
of long-term indebtedness																																																																						5,833								9,714,000
50,000,000 shares; issued 24,122,054 shares at december 31, 2008
and 24,082,974 shares at december 31, 2007																																																																						241
2,149,325 shares in 2007																																																																						-27,800
50,000,000 shares; issued 24,088,454 shares at september 2008,
24,070,314 shares at september 2007 and 24,082,974 at
december 2007																																																																							241,000
2,149,325 at september 2007 and december 2007																																																																							-27,800,000
accounts receivable, trade, less allowances of 1,160 in 2007 and 1,501 in 2006																																																																										15,740,000
30,000,000 shares; issued 23,960,754 shares at june 2007;
23,679,561 shares at june 2006 and 23,833,045 at
december 2006																																																																												240,000	239,000
30,000,000 shares; issued 23,900,885 shares at march 2007;
23,675,761 shares at march 2006 and 23,833,045 at
1,501 in 2006 and 2,090 in 2005																																																																														17,828,000
30,000,000 shares; issued 23,833,045 shares in 2006 and
23,625,793 shares in 2005																																																																														238,000
the accompanying notes are an integral part of these consolidated financial statements.

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31

cash flows from operating activities:
net income	62,947,000	18,684,000	62,493,000	57,635,000	49,438,000	9,547,000	35,612,000	61,163,000	36,545,000	-2,377,000	25,887,000	33,426,000	7,259,000	-17,129,000	61,392,000	154,530,000	196,181,000	82,329,000	63,401,000	67,889,000	74,120,000	48,693,000	68,347,000	13,186,000	28,214,000	28,807,000	35,809,000	47,527,000	34,366,000	20,179,000	33,812,000	47,224,000	47,336,000	17,464,000	32,138,000	40,137,000	43,145,000	26,299,000	29,844,000	37,569,000	35,959,000	16,140,000	17,263,000	20,869,000	20,073,000	11,996,000	15,488,000	18,618,000	16,164,000			15,865,000	8,372,000	4,745,000	9,771,000	11,708,000	11,116,000	4,088,000	5,619,000	10,965,000	9,387,000	3,132,000	7,982,000	9,592,000	7,328,000	2,904,000	7,189,000	2,556,000	-36,702,000	-9,210,000	2,593,000	9,190,000	9,105,000	6,483,000	11,133,000	12,562,000	9,589,000
adjustments to reconcile net income to cash flows from operating activities:
depreciation and amortization	29,798,000	30,881,000	30,485,000	30,323,000	29,542,000	29,693,000	31,272,000	32,039,000	32,689,000	32,950,000	33,269,000	33,050,000	32,499,000	33,246,000	32,247,000	31,907,000	31,812,000	32,109,000	28,941,000	26,754,000	24,516,000	24,614,000	24,567,000	24,185,000	24,614,000	19,476,000	18,767,000	18,666,000	18,449,000	17,787,000	17,263,000	17,201,000	15,275,000	14,871,000	14,326,000	13,289,000	12,241,000	12,447,000	11,530,000	11,247,000	10,943,000	10,961,000	10,808,000	10,053,000	9,802,000	9,121,000	8,555,000	7,680,000	7,240,000			6,901,000	6,552,000	6,454,000	6,850,000	5,980,000	6,381,000	5,453,000	5,053,000	5,126,000	4,890,000	4,361,000	4,269,000	4,463,000	3,994,000	4,131,000	5,025,000	4,242,000	5,070,000	4,544,000	4,485,000	3,962,000	4,087,000	4,281,000	4,335,000	4,476,000	4,465,000
stock-based compensation expense	5,300,000	5,821,000	5,919,000	6,016,000	4,933,000	4,692,000	4,660,000	4,974,000	4,327,000	4,202,000	4,947,000	4,385,000	4,695,000	3,131,000	6,863,000	7,184,000	6,517,000	6,866,000	6,436,000	6,423,000	7,436,000	4,856,000	6,242,000	4,109,000	3,295,000	4,016,000	4,213,000	4,115,000	3,733,000	213,000	4,090,000	4,219,000	5,543,000	4,994,000	5,730,000	5,410,000	3,902,000	3,999,000	4,147,000	4,134,000	3,140,000	3,059,000	3,915,000	4,006,000	3,063,000	2,908,000	2,632,000	2,652,000	2,625,000			2,689,000	3,155,000	1,615,000	1,634,000	1,750,000	1,319,000	1,235,000	1,143,000	1,096,000	1,113,000	1,389,000	956,000	843,000	988,000	701,000	900,000	780,000	1,363,000	827,000	934,000	930,000	945,000	680,000	595,000	589,000	625,000
loss on extinguishment of debt		0	806,000	0	8,053,000
other non-cash items	3,502,000	8,139,000	3,346,000	4,333,000	2,181,000	2,282,000	2,689,000	1,131,000	1,107,000	3,105,000	2,419,000	1,315,000	877,000	2,322,000	-851,000	254,000	1,771,000	2,038,000	1,113,000	2,987,000	1,318,000	411,000	1,272,000	2,777,000	-2,231,000	-2,390,000	132,000	94,000	611,000	946,000	-32,000	200,000	-1,127,000	716,000	1,457,000	1,059,000	1,139,000	-188,000	919,000	975,000	-166,000	481,000	692,000	9,000	153,000	-41,000	-366,000	2,524,000	679,000			1,115,000	509,000	-235,000	-242,000	670,000	461,000	819,000	589,000
changes in assets and liabilities, net of acquisitions of businesses:
accounts receivable	-134,457,000	120,217,000	22,260,000	-18,368,000	-149,644,000	115,596,000	16,835,000	12,097,000	-131,059,000	123,508,000	-40,962,000	42,120,000	-123,072,000	133,834,000	77,351,000	144,925,000	-240,404,000	81,925,000	1,721,000	-3,244,000	-139,245,000	58,181,000	-40,598,000	12,165,000	-74,776,000	16,915,000	-20,022,000	35,408,000	-57,753,000	40,381,000	503,000	18,837,000	-71,073,000	57,119,000	-8,265,000	9,700,000	-71,155,000	32,129,000	12,749,000	4,509,000	-63,286,000	42,843,000	-10,225,000	21,275,000	-51,811,000	26,556,000	9,758,000	5,870,000	-42,790,000			-5,117,000	-32,403,000	28,575,000	479,000	6,635,000	-34,915,000	19,433,000	6,720,000	-806,000	-30,354,000	18,439,000	9,938,000	-6,659,000	-22,059,000	15,187,000	-5,563,000	-5,024,000	-9,228,000	15,881,000	1,517,000	10,098,000	-17,999,000	22,573,000	-1,443,000	4,126,000	-22,195,000
inventories	-27,282,000	-68,184,000	-29,801,000	23,856,000	39,121,000	-34,831,000	-15,185,000	63,459,000	32,892,000	-10,808,000	36,809,000	77,638,000	131,708,000	90,911,000	78,319,000	-20,533,000	-31,278,000	-263,661,000	-137,717,000	-74,144,000	-41,170,000	-111,321,000	-38,981,000	22,521,000	40,883,000	33,380,000	-15,534,000	23,892,000	16,052,000	-18,255,000	-1,919,000	2,676,000	-17,232,000	-44,918,000	-26,976,000	-8,651,000	1,847,000	-21,307,000	-12,139,000	17,093,000	8,497,000	8,013,000	-14,928,000	-20,856,000	-3,505,000	-5,414,000	-15,299,000	-5,644,000	4,417,000			10,473,000	-12,840,000	1,026,000	-6,980,000	-2,712,000	3,939,000	5,843,000	-7,958,000	-5,944,000	-6,679,000	4,893,000	-4,691,000	-7,998,000	-3,961,000	-603,000	2,818,000	16,454,000	18,836,000	13,662,000	-2,800,000	-12,638,000	-10,919,000	2,829,000	-2,684,000	9,049,000	-200,000
prepaid expenses and other assets	8,093,000	-23,504,000	15,968,000	-10,699,000	5,800,000	6,023,000	1,255,000	-354,000	-2,392,000	-5,283,000	19,630,000	6,030,000	5,577,000	-16,314,000	5,558,000	5,251,000	20,495,000	14,968,000	-11,873,000	-13,073,000	-3,328,000	331,000	-1,810,000	-34,029,000	6,350,000	-8,237,000	3,675,000	1,176,000	10,268,000	-8,185,000	-3,763,000	-2,558,000	-3,185,000	7,764,000	-9,325,000	-7,156,000	-2,181,000	-7,894,000	-3,460,000	-2,002,000	-2,197,000	-4,225,000	-357,000	2,677,000	-344,000	-942,000	-2,981,000	-5,430,000	4,743,000			-307,000	3,880,000	-3,745,000	-2,351,000	-4,132,000	-510,000	148,000	-70,000	-1,664,000	-262,000	1,480,000	-1,478,000	-223,000	-730,000	1,396,000	1,158,000	1,519,000	-847,000	-2,095,000	124,000	-648,000	639,000	161,000	576,000	-160,000	901,000
accounts payable, trade	11,327,000	-19,897,000	-8,679,000	3,007,000	30,005,000	-4,859,000	-10,644,000	6,939,000	12,038,000	-16,080,000	16,868,000	12,127,000	25,822,000	-79,067,000	-87,366,000	-52,496,000	57,808,000	-28,192,000	25,927,000	21,500,000	49,644,000	-700,000	47,462,000	-10,961,000	31,878,000	-20,626,000	-3,130,000	-14,000	11,581,000	-4,405,000	-18,342,000	-2,702,000	8,114,000	-9,129,000	7,314,000	4,396,000	18,146,000	-5,027,000	2,331,000	2,804,000	18,692,000	-23,395,000	362,000	-12,428,000	13,678,000	4,993,000	-6,819,000	-279,000	23,374,000
accrued expenses and other liabilities	7,313,000	-9,167,000	14,086,000	16,116,000	23,289,000	-14,474,000	11,912,000	11,488,000	6,199,000	6,682,000	16,831,000	-11,202,000	-10,689,000	-27,051,000	-35,977,000	-55,576,000	92,024,000	-48,969,000	10,485,000	-16,080,000	31,556,000	-4,648,000	43,885,000	23,389,000	-13,468,000	-14,774,000	5,517,000	-3,334,000	15,278,000	-13,519,000	-2,949,000	-1,065,000	11,246,000	-9,465,000	-5,284,000	22,043,000	10,433,000	1,622,000	-15,009,000	13,173,000	31,929,000	-4,672,000	862,000	3,621,000	16,024,000	-3,628,000	201,000	2,494,000	10,858,000			9,307,000	3,192,000	2,002,000	-2,155,000	879,000	11,362,000
net cash flows from operating activities	-33,459,000	78,872,000	97,167,000	112,219,000	42,718,000	106,596,000	78,406,000	192,936,000	-7,654,000	137,966,000	115,698,000	198,889,000	74,676,000	117,007,000	137,536,000	213,045,000	134,926,000	-123,866,000	-11,566,000	19,012,000	4,847,000	18,913,000	110,386,000	57,342,000	44,759,000	59,983,000	29,427,000	127,530,000	52,585,000	49,016,000	28,663,000	84,032,000	-5,103,000	46,224,000	11,115,000	74,988,000	22,756,000	39,299,000	31,095,000	89,502,000	43,511,000	50,267,000	8,392,000	29,226,000	7,133,000	40,056,000	11,169,000	28,485,000	27,310,000	21,006,000	28,632,000	34,091,000	-1,052,000	28,102,000	-3,974,000	45,401,000	3,160,000	20,552,000	5,873,000	7,323,000	3,083,000	21,645,000	2,696,000	9,060,000	8,662,000	18,181,000	18,737,000	17,964,000	8,374,000	8,165,000	3,112,000	-507,000	-6,113,000	23,772,000	17,630,000	31,975,000	11,533,000
cash flows from investing activities:
capital expenditures	-9,668,000	-14,573,000	-16,297,000	-12,736,000	-9,038,000	-10,943,000	-10,062,000	-12,720,000	-8,608,000	-12,149,000	-15,978,000	-16,923,000	-17,159,000	-26,893,000	-32,911,000	-28,800,000	-42,037,000	-24,662,000	-31,867,000	-21,048,000	-20,957,000	-28,683,000	-14,114,000	-6,594,000	-7,955,000	-10,435,000	-11,981,000	-11,344,000	-24,442,000	-27,305,000	-37,983,000	-28,535,000	-26,004,000	-26,879,000	-17,066,000	-31,256,000	-12,020,000	-22,744,000	-8,956,000	-6,700,000	-6,271,000	-7,181,000	-7,140,000	-6,075,000	-8,593,000	-12,426,000	-12,120,000	-11,088,000	-6,824,000			-8,607,000	-8,938,000	-10,016,000	-8,856,000	-7,470,000	-5,684,000	-6,596,000	-7,178,000	-7,407,000	-3,136,000	-2,442,000	-3,235,000	-3,281,000	-1,190,000	-1,192,000	-822,000	-563,000	-530,000	-925,000	-924,000	-1,149,000	-1,201,000	-1,318,000	-2,027,000	-2,870,000	-2,555,000
acquisition of businesses																																																																	-21,400,000					-322,000	-28,348,000	-50,000	-44,000	-6,000	-10,699,000	-3,122,000	-3,472,000
other investing activities	69,000	-1,155,000	140,000	34,000	-3,423,000	411,000	229,000	379,000	173,000	28,000	-60,000	2,384,000	1,960,000	-4,816,000	-67,000	2,423,000	-219,000	-121,000	12,110,000	39,000	-605,000	3,203,000	-124,000	2,124,000	1,972,000	1,768,000	113,000	190,000	61,000	699,000	141,000	-981,000	-35,000	72,000	-97,000	-88,000	80,000	-693,000	-79,000	-86,000	-151,000	-134,000	-59,000	-36,000	-177,000	-105,000	-17,000	-45,000	-4,000			-19,000	-29,000	-31,000	-2,163,000	2,050,000	25,000	-1,653,000	668,000	190,000	-48,000	-10,000	-271,000	-12,000	-10,000
net cash flows from investing activities	-9,599,000	-25,431,000	1,714,000	-81,310,000	-42,040,000	-10,532,000	-9,833,000	-32,298,000	-8,435,000	-12,121,000	-16,038,000	-34,140,000	-21,449,000	-84,470,000	-36,898,000	-28,077,000	-92,345,000			-122,088,000	-24,341,000	-112,701,000	-14,434,000	-3,417,000	-101,749,000	-402,508,000	-57,261,000	-19,684,000	-24,381,000	-54,697,000	-41,128,000	-42,516,000	-164,454,000																																							2,443,000	3,165,000
cash flows from financing activities:
vesting of stock-based awards, net of shares tendered for payment of taxes	-6,625,000	-56,000	-384,000	-45,000	-4,813,000	-39,000	-9,000	-71,000	-9,040,000	-37,000	-6,000	-697,000	-8,888,000	-156,000	-32,000	-204,000	-10,569,000	-66,000	-333,000	-158,000	-7,767,000	-46,000	-191,000	-99,000	-4,517,000	-890,000	-50,000	-796,000	-6,348,000
repayments under revolving credit facility		0	0	0	-19,261,000	-50,986,000	0	-10,839,000	-76,927,000	-50,268,000	-11,828,000	-201,341,000	-201,385,000	-232,700,000	-164,540,000	-505,900,000	-330,600,000	-368,600,000	-192,800,000	-578,258,000	-141,489,000	-157,260,000
proceeds from term loan borrowings		0	0	0	391,000,000
repayments under term loan and other borrowings	-998,000	-1,230,000	-1,010,000	-1,432,000	-280,093,000		-11,350,000	-15,002,000	-5,000									-8,082,000	-4,723,000	-4,763,000	-3,889,000	-7,059,000	-5,831,000
proceeds from issuance of convertible notes		0	0	0	448,500,000													0	0
repurchase of convertible notes		0	0	0	-368,920,000
purchases of convertible note hedge contracts		0	0	0	-67,574,000													0	0
proceeds from issuance of warrants concurrent with note hedge contracts		0	0	0	27,600,000													0	0
partial unwind of convertible note hedge and warrants				0	1,378,000
payment of debt issuance costs				-1,699,000	-3,122,000													-259,000	-111,000
payment of dividends	-27,927,000	-27,828,000	-27,827,000	-29,036,000	-29,352,000	-29,280,000	-26,736,000	-26,734,000	-26,721,000	-26,592,000	-26,590,000	-26,591,000	-26,563,000	-26,453,000	-26,701,000	-26,702,000	-22,870,000	-22,746,000	-22,747,000	-22,739,000	-18,939,000	-18,866,000	-18,865,000	-16,349,000	-16,321,000	-16,280,000	-16,267,000	-16,267,000	-14,999,000	-15,156,000	-15,129,000	-15,127,000	-13,858,000	-13,711,000	-12,459,000	-12,445,000	-12,442,000	-12,359,000	-7,371,000
repurchases of common stock		0	-62,233,000	-38,083,000	-28,255,000
other financing activities		732,000	-4,103,000	-678,000	-217,000			0	-2,000	-508,000	0	-822,000	-12,000	1,000			-4,000	0				-46,000	103,000	112,000	-391,000	783,000	-8,000	-236,000	-157,000	-1,817,000	0	0	-556,000	0	0	0	-59,000	-10,000	66,000			0	-59,000	0	-161,000	0	0	0	-196,000									-176,000	-24,000	-225,000	-140,000	-4,000	-2,000			0	0	0	-17,000
net cash flows from financing activities	-35,550,000	-29,275,000	-92,114,000	-70,973,000	66,871,000	-91,033,000	-38,095,000	-52,646,000	-26,447,000	-92,737,000	-90,128,000	-166,495,000	-76,824,000	-9,941,000	-130,540,000	-185,074,000	-49,316,000	180,377,000	55,384,000	134,815,000	33,987,000	73,254,000	-91,299,000	-87,752,000	119,845,000	349,796,000	-6,325,000	-59,936,000	-28,564,000	2,359,000	12,864,000	-28,658,000	148,501,000						-5,756,000	-16,039,000	-3,611,000	-40,095,000	10,094,000	-18,815,000	32,215,000	-22,143,000	17,623,000	9,978,000	-34,680,000	2,189,000	-343,000	3,789,000	4,084,000		-334,000	-699,000	620,000		7,425,000	-60,000	199,000			28,000	39,000									-15,157,000	-2,915,000	-3,577,000	-2,192,000
effect of exchange rate changes on cash and cash equivalents	-1,770,000	-1,272,000	1,023,000	752,000	-2,062,000	-459,000	288,000	-199,000	-996,000	1,807,000	-384,000	375,000	-437,000	1,500,000	-1,683,000	-355,000	-712,000	-1,884,000	1,279,000	2,903,000	-2,995,000			-1,900,000	-215,000				-251,000
net increase in cash and cash equivalents	-80,378,000	22,894,000	7,790,000	-39,312,000	65,487,000	4,572,000	30,766,000							24,096,000	-31,585,000	-461,000	-7,447,000	-9,719,000	-25,346,000	34,642,000	11,498,000			-35,727,000	62,640,000									6,287,000	-18,199,000	-26,420,000	-21,789,000	-8,890,000
cash and cash equivalents at beginning of period	222,615,000	0	0	0	165,756,000	0	0	0	66,157,000	0	0	0	47,499,000	0	0	0	62,896,000	0	0	0	51,821,000			0	35,359,000				14,928,000	0	0	0	26,049,000	0	0	0	86,170,000		0	0	12,305,000		0	0	4,000		0	0	66,280,000			0	9,939,000		0	0	6,584,000		0	0	38,880,000		0	0	52,365,000		0	0	8,692,000		0	0	56,213,000		0	0	6,785,000
cash and cash equivalents at end of period	142,237,000	22,894,000	7,790,000	-39,312,000	231,243,000	4,572,000	30,766,000	107,793,000	22,625,000	34,915,000														-35,727,000	97,999,000				14,317,000	-3,322,000	399,000	12,858,000	4,993,000	6,287,000	-18,199,000	-26,420,000	64,381,000		16,500,000	50,643,000	27,917,000		-4,530,000	-16,145,000	27,927,000		0	-6,128,000	6,132,000			27,842,000	4,035,000		-9,930,000	38,973,000	3,541,000		-35,302,000	46,000	36,728,000		-5,860,000	5,340,000	41,733,000		20,013,000	10,593,000	14,326,000		-34,212,000	-7,017,000	50,414,000		5,083,000	26,537,000	12,024,000
deferred taxes														-6,876,000	0																							-2,781,000																				795,000	-359,000							-1,025,000	0	0	-15,660,000					-1,590,000	412,000	-48,000	-262,000
gain on sale of real estate		0
acquisitions of businesses		-9,703,000	-4,803,000			0	0			0	0	-19,601,000	-6,250,000	-52,761,000	-3,920,000	-1,700,000	-50,089,000																								-18,100,000	0	-16,000,000	-22,335,000	-2,723,000	-6,625,000	-18,000,000	-35,500,000	-46,657,000					0	0	-309,000	-1,164,000	-962,000	-42,090,000	0	-7,250,000	0	-500,000				-1,370,000
proceeds from sale of real estate		0
proceeds from revolving credit facility						0	0	0	86,248,000	0	14,700,000	68,900,000	165,300,000	283,500,000	115,500,000	357,000,000	372,400,000	470,700,000	277,800,000	345,830,000	208,863,000	258,164,000
payment of contingent consideration and holdbacks related to acquisitions						0				0	-31,340,000			-2,900,000	-51,289,000	-4,008,000	-2,031,000	-14,769,000	-3,674,000	-1,595,000	-2,792,000
acquisition of business					-29,579,000
repayments under shelf loan, term loan, and other borrowings										-15,332,000	-35,064,000	-5,427,000	-5,276,000	-7,179,000	-4,950,000	-5,260,000	-55,642,000
supplemental disclosure of cash flow information:
cash paid during the period for:
interest							7,171,000	9,973,000	7,391,000																													467,000	443,000	561,000	521,000	636,000	689,000	615,000	173,000	232,000	205,000	131,000	73,000			95,000	64,000	80,000	73,000	120,000	96,000	21,000	125,000	67,000	71,000	72,000	78,000	76,000	85,000
income taxes, net of refunds							22,124,000	16,202,000	359,000																													14,268,000	32,390,000	19,012,000	122,000	11,819,000	13,350,000	8,529,000	84,000	3,646,000	14,004,000	12,375,000	922,000			8,342,000	16,000	8,024,000	3,539,000	12,591,000	-9,000	1,808,000	4,543,000	12,479,000	79,000	1,852,000	9,258,000	7,864,000	888,000	-439,000	-285,000	3,660,000	354,000	275,000	2,000,000	11,134,000	443,000	2,989,000	6,667,000	6,943,000	282,000
non-cash investing and financing activities:
purchase of property and equipment in accrued expenses							-323,000	22,000	407,000		-1,253,000	-600,000	2,304,000		-1,138,000	757,000	2,400,000		84,000	165,000	3,787,000	151,000	-36,000	165,000	2,459,000	2,829,000	290,000	-904,000	1,202,000	-82,000	-197,000	-3,047,000	3,711,000	1,435,000	-867,000	-140,000	2,212,000
net decrease in cash and cash equivalents									-43,532,000		9,148,000	-1,371,000	-24,034,000																-611,000		399,000	12,858,000	-21,056,000
cash paid during the period for interest											8,655,000	11,752,000	9,052,000		5,768,000	6,615,000	3,943,000		2,631,000	2,932,000	3,564,000	4,167,000	3,150,000	4,057,000	5,536,000	2,987,000	2,208,000	1,554,000	2,394,000	1,401,000	1,662,000	1,570,000	1,012,000	359,000	350,000	458,000	483,000
cash paid during the period for income taxes, net of refunds											1,807,000	5,334,000	390,000		33,250,000	110,679,000	192,000		20,373,000			16,790,000	17,068,000	-538,000	-73,000	9,420,000	14,526,000	13,831,000	59,000	6,147,000	8,937,000	24,918,000	-11,000	5,439,000	30,561,000	15,548,000	2,072,000
cash and cash equivalents cash at end of period												-1,371,000	23,465,000	24,096,000	-31,585,000	-461,000	55,449,000	-9,719,000	-25,346,000	34,642,000	63,319,000
acquisitions of businesses, net of cash acquired																		-39,563,000	-50,686,000	-101,079,000	-2,779,000	-87,221,000	-196,000	1,053,000	-95,766,000	-393,841,000	-45,393,000			-28,091,000	-3,286,000	-14,845,000	-138,570,000	7,288,000	0	-57,187,000	-10,689,000	-14,488,000	0
net cash flows used in investing activities
cash received during the period for income taxes, net of payments																					-86,000
payment of contingent consideration related to acquisitions																										-6,000	0			-50,000	-7,000			-5,108,000	-5,000	-685,000	-1,884,000	-2,225,000	-4,000	-2,300,000	-415,000	-11,000	-2,089,000	-1,747,000	-127,000	-7,000	-219,000	-2,415,000	-1,098,000			-1,938,000	-875,000	-1,062,000	-1,703,000
effect of exchange rate changes on cash, cash equivalents, and restricted cash																											976,000
net increase in cash, cash equivalents, and restricted cash																											-33,183,000
cash, cash equivalents, and restricted cash at beginning of period																											0
cash, cash equivalents, and restricted cash at end of period																											-33,183,000
proceeds from revolving credit facility borrowings																								29,388,000	247,154,000	251,159,000	98,940,000	129,628,000	175,660,000
repayments under revolving credit facility borrowings																								-95,000,000	-102,330,000	-184,970,000	-88,940,000	-172,261,000	-182,720,000
repayments under term loan borrowings																									-3,750,000
proceeds from other borrowings																														0	0
proceeds from note receivable																														0	0															1,000,000	0
exercise of stock-based awards, net of shares tendered for payment of taxes																															0	-29,000	-14,085,000	-3,218,000	230,000	107,000	-7,650,000	2,165,000	1,553,000	2,052,000	-3,196,000	1,745,000	413,000	1,159,000	-1,847,000
proceeds from line of credit borrowings																															297,453,000	157,148,000	474,000,000	18,415,000				0	0	0	81,458,000	51,304,000	172,455,000	215,520,000	175,350,000	94,984,000	148,031,000	102,846,000	79,469,000			39,119,000	96,333,000	14,525,000	0	0	37,702,000	81,825,000
repayments under line of credit borrowings																															-269,453,000	-172,148,000	-297,000,000	-18,415,000				0	0	0	-81,458,000	-93,133,000	-160,626,000	-185,520,000	-191,000,000	-119,334,000	-130,319,000	-90,558,000	-69,469,000			-39,119,000	-96,333,000	-14,525,000	0	0	-37,702,000
proceeds from sales of fixed assets																																	155,000	119,000	83,000	146,000	119,000	165,000	196,000	103,000	234,000	196,000	183,000	1,890,000	68,000	243,000	1,345,000	1,292,000	707,000			39,000	31,000	23,000								195,000	789,000	538,000	266,000	408,000	208,000	686,000	65,000	741,000	1,709,000	3,675,000	4,416,000	5,308,000	3,112,000	4,136,000	1,936,000
net cash flows used for investing activities																																		-17,900,000	-17,080,000	-88,385,000	-22,510,000	-35,760,000	-8,839,000	-22,820,000	-24,288,000	-5,119,000	-23,016,000	-26,556,000	-11,425,000	-17,913,000	-28,792,000	-44,591,000	-52,778,000	-9,788,000	-7,293,000	-10,038,000	-8,936,000	-10,024,000	-5,622,000	-5,729,000	-6,823,000	-7,873,000	-48,600,000	-7,217,000	-5,434,000	8,743,000	-8,210,000	-3,748,000	-19,333,000	-11,756,000				-381,000				3,954,000	-9,632,000	-1,861,000	-4,102,000
proceeds from shelf-loan borrowing																																										0	0	0	50,000,000
net cash flows used for financing activities																																		-22,037,000	-12,234,000	-13,023,000	-22,035,000																									-32,721,000				1,008,000	3,272,000	-5,145,000	-2,273,000	-8,277,000	-6,605,000	-8,953,000	-2,851,000
excess tax benefits from stock-based compensation																																					5,239,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
cash paid during the year for:
net increase in cash																																								50,643,000	15,612,000	5,053,000	-4,530,000	-16,145,000	27,923,000	0	0			13,407,000	20,996,000			-22,645,000	-9,930,000							-2,333,000	-5,860,000	5,340,000	-10,632,000	7,433,000	20,013,000	10,593,000	5,634,000	-493,000	-34,212,000	-7,017,000	-5,799,000	12,569,000	5,083,000	26,537,000	5,239,000
payment of special dividend																																										0	0			0	0	0	-46,706,000
exercise of stock-based awards, net of shares tendered for payment
exercise of stock options and deferred stock units, net of shares tendered for payment																																															130,000
exercise of stock options and deferred stock units																																																	3,320,000				4,959,000	5,377,000	1,369,000	497,000	974,000	684,000	0	165,000	339,000	892,000	120,000	31,000	39,000
net decrease in cash																																																	-60,148,000				-5,904,000				-3,043,000		-35,302,000	46,000	-2,152,000
adjustments to reconcile net income to cash flows provided by operating activities:
proceeds from maturity of short-term investments																																																										0	0
purchase of treasury stock																																																										0				-577,000								0	-3,859,000
●
accounts payable																																																				-6,835,000	18,531,000	-11,667,000	-10,980,000	24,623,000	4,007,000
proceeds from exercise of stock options
purchase of short-term investments																																																																	-1,999,000	-12,993,000	-2,000
payment of contingent consideration																																																									-354,000
goodwill impairment																																																																		0	0	0	45,040,000
accounts payable, accrued expenses and other liabilities																																																										-17,262,000	-4,864,000	-2,106,000	25,097,000	-10,969,000	-14,063,000	9,746,000	23,152,000	-5,797,000	7,081,000	-3,399,000	-82,000	-18,803,000	-4,034,000	-9,738,000	9,069,000	-10,753,000	5,796,000	434,000	17,926,000
repayments under line of credit
changes in assets and liabilities, net of business acquisitions:
gain on disposal of fixed assets and other non-cash items																																																													-109,000
proceeds from maturities of short-term investments																																																													5,000,000	11,000,000	3,000,000	10,000,000	5,000,000
loss on disposal of fixed assets and other non-cash items
purchases of short-term investments																																																														0	-7,993,000
proceeds from line of credit and other borrowings																																																																		0	0	0	5,775,000					3,000	5,000	1,179,000	22,613,000
repayments under line of credit and other borrowings																																																																		0	-1,188,000	-5,239,000	-8,031,000	-23,029,000	-2,746,000	-4,492,000	-2,912,000	-15,378,000	-5,141,000	-5,887,000	-25,812,000
(gain) loss on disposal of fixed assets and other non-cash items																																																															-217,000	-704,000	-50,000
loss (gain) on disposal of fixed assets and other non-cash items																																																																		1,287,000
proceeds from sales of short-term investments
exercise of stock options																																																																		1,008,000	4,460,000			328,000	0	13,000	61,000	218,000	2,221,000	1,131,000	1,007,000
other investments																																																																			-10,000	-13,000	-2,000		-3,156,000	-33,000	-6,000	-30,000	-18,000	-5,000	-11,000
interest on debt																																																																			9,000	219,000	184,000	298,000	353,000	326,000	342,000	1,064,000	704,000	788,000	870,000
loss (gain) on disposal of fixed assets																																																																				836,000	584,000
net cash flows (used for) provided by investing activities																																																																				-2,226,000	-467,000
adjustments to reconcile net income to cash flows from
(used for) operating activities:
adjustments to reconcile net income to cash flows
provided by operating activities:
gain on disposal of fixed assets
adjustments to reconcile net income to cash flows (used for) provided by operating activities:
loss on disposal of fixed assets																																																																							293,000						684,000
(gain) loss on disposal of fixed assets																																																																									-1,040,000
other
loss / (gain) on disposal of fixed assets																																																																											-1,090,000
supplemental disclosure of cash flows information:
operating activities:
net cash flows from
financing activities

LCI Industries(NYSE:LCII)

LCI Industries
(NYSE:LCII)