v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net Loss $ (7,774) $ (27,206)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 50,478 44,990
Amortization of debt issuance cost 746 639
Amortization of convertible notes issuance costs 784  
Gain on investments, net (4,530) (1,506)
Net loss on disposal of property, plant and equipment 82 24
Stock-based compensation expense 4,670 5,888
Deferred income taxes (413) 1,189
Inventory reserves 277 9,176
Changes in operating assets and liabilities:    
Accounts receivable, net 1,758 25,754
Other receivables (2,872) 1,416
Income taxes receivable, net 2,733 (2,349)
Inventory 3,422 29,594
Prepaid expenses, other current assets and other assets 426 6,095
Accounts payable 10,941 (6,242)
Accrued expenses and other liabilities (20,468) (11,305)
Income taxes payable (1,675) (816)
Net cash provided by operating activities 38,585 75,341
Cash flows from investing activities:    
Purchases of property, plant and equipment (16,440) (12,084)
Intangibles - internally developed technology (16,737) (20,444)
Proceeds from sales and maturities of available-for-sale investments 812 727
Purchases of available-for-sale investments (141) (243)
Payments for beneficial interest in securitized accounts receivable (478) (49)
Net cash used in investing activities (32,984) (32,093)
Cash flows from financing activities:    
Tax withholdings related to stock-based compensation settlements (1,604) (1,223)
Proceeds from stock option exercises 6,612 1,163
Payments on financing agreement (1,400)  
Redemption of redeemable non-controlling interest (13,766) (19,363)
Payment of annual recurring compensation to non-controlling interest (8,881)  
Proceeds from draw on revolving credit agreements   24,000
Repayment of revolving credit agreements   (24,000)
Payment of debt issuance cost   (64)
Net cash used in financing activities (19,039) (19,487)
Net (decrease) increase in cash and cash equivalents (13,438) 23,761
Effect of exchange rate changes (3,022) 6,489
Cash and cash equivalents, beginning of period 95,696 76,021
Cash and cash equivalents, end of period 79,236 106,271
Supplemental disclosure of cash financing activities:    
Cash paid for interest 5,016 8,049
Cash paid for income taxes, net 2,573 4,155
Cash used in operating activities related to operating leases 4,819 5,236
Supplemental disclosure of non-cash investing and financing activities:    
Redemption of redeemable non-controlling interest 885 1,491
Right-of-use assets obtained in exchange for lease obligations 1,094 3,538
Purchases of property, plant and equipment included in accounts payable $ 436 $ 1,450