v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net (loss) income $ (2,787) $ 15,269
Adjustments to reconcile net income to net cash flows from operating activities, net of effects of acquisitions    
Depreciation 30,080 31,031
Amortization of intangible assets 5,824 3,810
Share-based compensation expense 6,386 5,072
Deferred income taxes (147) (318)
Investment loss (gain) 4,020 (376)
Impairment of equity investment 5,817 0
Gain on disposal of fixed assets (18) (4,872)
Interest income from derivative financial instruments (4,257) (2,749)
Other (275) (585)
Changes in operating assets:    
Change in accounts receivable 22,922 (17,731)
Change in inventory 3,234 (40,435)
Change in other operating assets 469 3,478
Changes in operating liabilities:    
Change in accounts payable 2,181 (9,117)
Change in accrued liabilities (14,763) (15,469)
Change in income tax payable (2,923) 2,857
Change in other operating liabilities 980 (1,008)
Net cash flows from operating activities 56,743 (31,143)
Cash flows from investing activities    
Acquisition, net of cash acquired (4,565) (1,258)
Purchases of property, plant, and equipment (15,894) (20,381)
Proceeds from sale of property, plant and equipment 58 122
Proceeds from short-term investments 1,289 1,563
Purchases of short-term investments (2,065) (1,483)
Proceeds paid for hedge termination (6,890) 0
Other (391) 3,158
Net cash flows from investing activities (28,458) (18,279)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 3,209 8,926
Repayments of lines of credit and short-term debt (3,180) 0
Proceeds from long-term debt 3,489 3,155
Repayments of long-term debt (3,355) (3,439)
Repayment of and proceeds from finance lease obligation (10) (14)
Taxes paid related to net share settlement (1,450) (5,392)
Net changes in noncontrolling interests (19) 171
Other (2) (225)
Net cash flows from financing activities (1,318) 3,182
Effect of exchange rate changes on cash and cash equivalents (733) (1,683)
Change in cash and cash equivalents, including restricted cash 26,234 (47,923)
Cash and cash equivalents, beginning of period, including restricted cash 314,724 318,483
Cash and cash equivalents, end of period, including restricted cash 340,958 270,560
Supplemental Cash Flow Information    
Interest paid during the period 397 463
Taxes paid during the period 5,130 2,562
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 11,138 $ 11,717