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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 13,341 $ 20,696
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38,824 38,785
Amortization of debt discount and issuance costs 8,833 8,158
Loss on sale of business 13,660 0
Stock-based compensation 16,335 15,648
Deferred income taxes, net (4,775) (2,569)
Change in fair value of contingent consideration 2,162 (7,939)
Net unrealized foreign exchange gain (119) (12,253)
Operating lease right of use asset amortization 9,486 9,169
Other adjustments and non-cash items (1,815) 12,444
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Accounts receivable (4,362) (15,158)
Inventories (20,158) (824)
Prepaid expenses and other current assets (5,962) (176)
Other noncurrent assets 1,894 (1,547)
Accounts payable 6,112 (8,277)
Accrued liabilities (527) (2,995)
Operating lease liabilities (13,358) (9,804)
Noncurrent liabilities 1,490 256
Total cash provided by operating activities 61,061 43,614
Cash flows for investing activities    
Acquisitions, net of cash acquired 0 (69,954)
Divestiture proceeds, net of cash divested 3,637 0
Purchases of marketable securities (130,698) 0
Maturities of marketable securities 132,000 0
Additions to capitalized software costs (972) (1,371)
Purchases of property, plant and equipment (10,044) (10,664)
Sale of property, plant and equipment 0 42
Total cash used in investing activities (6,077) (81,947)
Cash flows for financing activities    
Proceeds from exercise of stock options 94 1,464
Payment of tax withholding obligation on vesting of restricted stock (6,612) (7,170)
Payment of earnout consideration (5,225) (9,455)
Total cash used in financing activities (11,743) (15,161)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (456) 4,994
Net increase (decrease) in cash, cash equivalents and restricted cash 42,785 (48,500)
Cash, cash equivalents and restricted cash, beginning of period 566,021 757,355
Cash, cash equivalents and restricted cash, end of period 608,806 708,855
Supplemental disclosure of cash flow information:    
Assets acquired under operating leases 2,476 4,044
Purchases of property, plant and equipment included in accounts payable 1,274 0
Fair value of shares of common stock issued for contingent consideration earnouts 0 7,568
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets    
Cash and cash equivalents 606,783 708,855
Restricted cash included within other noncurrent assets 2,023 0
Total cash, cash equivalents and restricted cash $ 608,806 $ 708,855