v3.25.2
Note 6 - Segment Reporting - Segment Information (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Sales $ 1,061,169,000 $ 998,197,000 $ 2,003,290,000 $ 1,887,470,000  
Costs of goods sold 644,420,000 622,636,000 1,214,555,000 1,195,530,000  
Elimination of intersegment cost of goods sold 416,749,000 375,561,000 788,735,000 691,940,000  
Operating expenses 304,960,000 272,326,000 593,308,000 521,836,000  
Other segment items (1) [1] (75,840,000) (61,454,000) (141,748,000) (121,818,000)  
Adjusted EBITDA by reportable segment 187,629,000 164,689,000 337,175,000 291,922,000  
Interest expense (18,242,000) (23,318,000) (35,352,000) (46,923,000)  
Depreciation and amortization (48,321,000) (42,880,000) (94,462,000) (84,782,000)  
Non-cash write-down and other adjustments (2) [2] (2,155,000) (1,885,000) (2,142,000) (2,395,000)  
Non-cash share-based compensation expense (3) [3] (14,752,000) (12,715,000) (26,360,000) (25,155,000)  
Transaction costs and credit facility fees (4) [4] (1,004,000) (1,267,000) (1,764,000) (2,692,000)  
Business optimization and other charges (5) [5] (3,442,000) (1,140,000) (5,017,000) (1,626,000)  
Provision for legal, regulatory, and other costs (6) (4,911,000) [6] (363,000) [6] (8,662) [7] (2,898) [7]  
Change in fair value of investments (7) [8] (1,524,000) (2,117,000) (11,471) (8,136)  
Other (8) (3,426,000) (313,000) (3,579,000) [9] (113,000) [9]  
Income before provision for income taxes 89,852,000 78,691,000 148,366,000 117,202,000  
Change in fair value of investments (7) [8] (1,524,000) (2,117,000) (11,471) (8,136)  
Assets 5,388,801,000   5,388,801,000   $ 5,109,331,000
Depreciation and Amortization 48,321,000 42,880,000 94,462,000 84,782,000  
Capital expenditures 57,716,000 27,952,000 88,653,000 54,772,000  
External Net Sales [Member]          
Sales 1,061,169,000 998,197,000 2,003,290,000 1,887,470,000  
Intersegment Sales [Member]          
Sales 20,497,000 13,450,000 46,253,000 31,360,000  
Domestic [Member]          
Sales 878,231,000 817,558,000 1,652,873,000 1,529,895,000  
Assets 3,970,400,000   3,970,400,000   3,873,904,000
Depreciation and Amortization 39,371,000 33,655,000 77,192,000 66,257,000  
Capital expenditures 47,743,000 24,101,000 76,041,000 48,267,000  
International [Member]          
Sales 182,938,000 180,639,000 350,417,000 357,575,000  
Assets 1,418,401,000   1,418,401,000   $ 1,235,427,000
Depreciation and Amortization 8,950,000 9,225,000 17,270,000 18,525,000  
Capital expenditures 9,973,000 3,851,000 12,612,000 6,505,000  
Operating Segments [Member]          
Sales 1,081,666,000 1,011,647,000 2,049,543,000 1,918,830,000  
Costs of goods sold 664,917,000 636,086,000 1,260,808,000 1,226,890,000  
Operating Segments [Member] | Domestic [Member]          
Sales 884,462,000 827,139,000 1,666,797,000 1,547,613,000  
Costs of goods sold 520,195,000 498,894,000 981,167,000 954,217,000  
Operating expenses 266,446,000 236,242,000 521,155,000 451,890,000  
Other segment items (1) [1] (60,296,000) (47,671,000) (116,154,000) (97,343,000)  
Adjusted EBITDA by reportable segment 158,117,000 139,674,000 280,629,000 238,849,000  
Operating Segments [Member] | Domestic [Member] | External Net Sales [Member]          
Sales 878,231,000 817,558,000 1,652,873,000 1,529,895,000  
Operating Segments [Member] | Domestic [Member] | Intersegment Sales [Member]          
Sales 6,231,000 9,581,000 13,924,000 17,718,000  
Operating Segments [Member] | International [Member]          
Sales 197,204,000 184,508,000 382,746,000 371,217,000  
Costs of goods sold 144,722,000 137,192,000 279,641,000 272,673,000  
Operating expenses 38,514,000 36,084,000 72,153,000 69,946,000  
Other segment items (1) [1] (15,544,000) (13,783,000) (25,594,000) (24,475,000)  
Adjusted EBITDA by reportable segment 29,512,000 25,015,000 56,546,000 53,073,000  
Operating Segments [Member] | International [Member] | External Net Sales [Member]          
Sales 182,938,000 180,639,000 350,417,000 357,575,000  
Operating Segments [Member] | International [Member] | Intersegment Sales [Member]          
Sales 14,266,000 3,869,000 32,329,000 13,642,000  
Intersegment Eliminations [Member]          
Elimination of intersegment cost of goods sold (20,497,000) (13,450,000) (46,253,000) (31,360,000)  
Intersegment Eliminations [Member] | Intersegment Sales [Member]          
Sales $ (20,497,000) $ (13,450,000) $ (46,253,000) $ (31,360,000)  
[1] Other segment items primarily represent depreciation and amortization and the following items defined below: Non-cash write-down and other adjustments; Non-cash shared-based compensation expense; Transaction costs and credit facility fees; Business optimization and other charges; and Provision for legal, regulatory, and clean energy product charges.
[2] Includes gains (losses) on dispositions of assets other than in the ordinary course of business, gains (losses) on sales of certain investments, unrealized mark-to-market adjustments on commodity contracts, certain foreign currency related adjustments, and certain purchase accounting and contingent consideration adjustments.
[3] Represents share-based compensation expense to account for stock options, restricted stock, and other stock awards over their respective vesting periods.
[4] Represents transaction costs incurred directly in connection with any investment, as defined in the Company's credit agreement, equity issuance or debt issuance or refinancing, together with certain fees relating to the Company's senior secured credit facilities, such as administrative agent fees and credit facility commitment fees under the Company's Amended Credit Agreement.
[5] Represents severance and other restructuring charges related to the consolidation of certain operating facilities and organizational functions.
[6] Represents the following significant litigation, regulatory, and other matters that are not indicative of our ongoing operations: • A provision for judgments, settlements, and legal expenses related to certain patent lawsuits - $3,188 and $1,696 for the year-to-date and three months ended June 30, 2025, respectively and $2,533 and $363 for the year-to-date and three months ended June 30 2024, respectively. • Legal expenses related to certain class action lawsuits - $3,883 and $2,540 for the year-to-date and three months ended June 30, 2025, respectively. • Legal expenses related to certain government inquiries and other significant matters - $1,591 and $675 for the year-to-date and three months ended June 30, 2025, respectively. • Additional customer support costs related to a clean energy product customer that filed for bankruptcy in 2022 – $365 year-to-date June 30, 2024.
[7] Represents the following significant litigation, regulatory, and other matters that are not indicative of our ongoing operations: • A provision for judgments, settlements, and legal expenses related to certain patent lawsuits - $1,696 and $3,188 for the three and six months ended June 30, 2025, respectively, and $363 and $2,533 for the three and six months ended June 30, 2024, respectively. • Legal expenses related to certain class action lawsuits - $2,540 and $3,883 for the three and six months ended June 30, 2025, respectively. • Legal expenses related to certain government inquiries and other significant matters - $675 and $1,591 for the three and six months ended June 30, 2025, respectively. • Additional customer support costs related to a clean energy product customer that filed for bankruptcy in 2022 – $0 and $365 for the three and six months ended June 30, 2024.
[8] Represents non-cash losses from changes in the fair value of the Company's investment in Wallbox warrants and equity securities.
[9] The pre-tax loss in the second quarter of 2025 relates primarily to the sale of our immaterial Tank Utility fleet business.