v3.26.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash flows from operating activities:      
Net income $ 62,947 $ 49,438  
Adjustments to reconcile net income to cash flows (used in) provided by operating activities:      
Depreciation and amortization 29,798 29,542  
Stock-based compensation expense 5,300 4,933  
Loss on extinguishment of debt 0 8,053  
Other non-cash items 3,502 2,181  
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable, net (134,457) (149,644)  
Inventories, net (27,282) 39,121  
Prepaid expenses and other assets 8,093 5,800  
Accounts payable, trade 11,327 30,005  
Accrued expenses and other liabilities 7,313 23,289  
Net cash flows (used in) provided by operating activities (33,459) 42,718  
Cash flows from investing activities:      
Capital expenditures (9,668) (9,038)  
Acquisition of businesses 0 (29,579)  
Other investing activities 69 (3,423)  
Net cash flows used in investing activities (9,599) (42,040)  
Cash flows from financing activities:      
Vesting of stock-based awards, net of shares tendered for payment of taxes (6,625) (4,813)  
Repayments under revolving credit facility 0 (19,261)  
Proceeds from term loan borrowings 0 391,000  
Repayments under term loan and other borrowings (998) (280,093)  
Proceeds from issuance of convertible notes 0 448,500  
Repurchase of convertible notes 0 (368,920)  
Purchases of convertible note hedge contracts 0 (67,574)  
Proceeds from issuance of warrants concurrent with note hedge contracts 0 27,600  
Partial unwind of convertible note hedge and warrants 0 1,378  
Payment of debt issuance costs 0 (3,122)  
Payment of dividends (27,927) (29,352)  
Repurchases of common stock 0 (28,255)  
Other financing activities 0 (217)  
Net cash flows (used in) provided by financing activities (35,550) 66,871  
Effect of exchange rate changes on cash and cash equivalents (1,770) (2,062)  
Net (decrease) increase in cash and cash equivalents (80,378) 65,487  
Cash and cash equivalents at end of period 142,237 231,243 $ 222,615
Cash and cash equivalents at beginning of period 222,615 165,756 $ 165,756
Supplemental disclosure of cash flow information:      
Interest 12,977 7,218  
Income taxes (1,605) 94  
Purchase of property and equipment in accrued expenses $ 272 $ 993