v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net income $ 6,420 $ 25,285
Reconciliation to net cash provided by operating activities:    
Loss on disposal of assets 4 2
(Gain) loss on interest rate swaps and foreign currency transactions, net (416) 2,142
Depreciation of property, plant, and equipment 8,078 7,369
Amortization of intangible assets 6,270 6,240
Operating lease right-of-use asset amortization 2,144 1,598
Amortization of discounts, premiums, and debt issuance costs 761 762
Share-based compensation expense 9,274 8,393
Changes in operating assets and liabilities:    
Accounts receivable, net (4,547) (8,075)
Inventories 6,248 (31,111)
Prepaid expenses and other assets (2,326) (849)
Income tax refunds, deposits, and payable, net 7,742 6,470
Operating lease liabilities (1,415) (754)
Accounts payable and accrued liabilities 9,603 17,605
Net cash provided by operating activities 47,840 35,077
Cash Flows From Investing Activities:    
Purchases and construction of property, plant, and equipment (9,507) (10,697)
Purchase of investments (22,795) (7,092)
Maturity of investments 15,502 28,288
Deposits and other assets 67 (18)
Net cash (used in) provided by investing activities (16,733) 10,481
Cash Flows From Financing Activities:    
Proceeds from equity plans, net of withholding tax payments (686) (4,685)
Purchase of treasury stock (29,492) (11,000)
Debt issuance costs   (422)
Proceeds from borrowing under lines of credit   1,642
Principal payments on long-term debt (29) (38)
Net cash used in financing activities (30,207) (14,503)
Effect of exchange rate changes on cash (138) 118
Net increase in cash, cash equivalents, and restricted cash 762 31,173
Cash, cash equivalents, and restricted cash at beginning of period 170,412 151,844
Cash, cash equivalents, and restricted cash at end of period 171,174 183,017
Noncash Investing and Financing Activities:    
Capital expenditures included in accounts payable 4,174 7,218
Operating lease right-of-use assets in exchange for operating lease liabilities 30,709 521
Supplemental Disclosures of Cash Flow Information:    
Interest paid, net of capitalized interest 7,295 7,582
Income taxes paid (refunded) $ (4,111) $ (902)