v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 57,578 $ (5,776) [1]
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 36,721 19,540 [1]
Amortization of debt issuance cost 1,270 1,067 [1]
Deferred taxes 9,447 (3,474) [1]
Stock-based compensation 8,664 6,663 [1]
Impairment and loss on sale of business segments 0 47,203 [1]
Loss on sale of property and equipment 223 10 [1]
Gain on settlement of corporate-owned life insurance (357) 0 [1]
Interest income on note receivable (1,382) 0 [1]
Earn-out receivable fair value adjustment 0 5,900 [1]
Loss on debt extinguishment 4,473 0 [1]
Changes in operating assets and liabilities, net of impact of acquisitions:    
Receivables (9,532) (30,051) [1]
Contract assets (3,831) (2,969) [1]
Inventories (115,617) (25,478) [1]
Prepaid expenses and other current assets and other assets (5,410) (26,144) [1]
Operating lease assets and liabilities, net 1,889 (1,573) [1]
Accounts payable and deferred compensation (21,804) (13,724) [1]
Accrued expenses and other liabilities 2,961 (5,935) [1]
Net cash used in operating activities (34,707) (34,741) [1]
Cash flows from investing activities:    
Purchases of property and equipment (15,327) (8,464) [1]
Proceeds from the sale of business segments, net of cash divested 0 138,816 [1]
Cash paid for acquisitions, net of cash acquired (1,766,844) (47,739) [1]
Purchases of intangible assets (14,707) 0 [1]
Proceeds from corporate-owned life insurance settlements 760 0 [1]
Net cash (used in) provided by investing activities (1,796,118) 82,613 [1]
Cash flows from financing activities:    
Borrowings on bank credit facilities, net of creditor fees 934,357 624,881 [1]
Repayments on bank credit facilities (343,523) (674,381) [1]
Repayments on amortizing notes (5,299) 0 [1]
Proceeds from issuance of common stock, net 829,676 463 [1]
Proceeds from issuance of tangible equity units, net 444,908 0 [1]
Payment of debt financing costs (7,909) (2,584) [1]
Payment of taxes for equity transactions (9,119) (4,248) [1]
Dividends paid (5,146) (4,127) [1]
Other (984) 0 [1]
Net cash provided by (used in) financing activities 1,836,961 (59,996) [1]
Effect of exchange rate changes on cash and cash equivalents (134) 0 [1]
Net increase (decrease) in cash and cash equivalents 6,002 (12,124) [1]
Cash and cash equivalents, beginning of period 69,358 29,030 [1]
Cash and cash equivalents, end of period 75,360 16,906 [1]
Supplemental disclosure of noncash investing and financing activities:    
In-kind equity purchase consideration from acquisition 238,002 0
Earn-out obligation purchase consideration from acquisition 33,850 0
Note receivable from the sale of business segment 0 25,000
Earn-out receivable from the sale of business segment $ 0 $ 29,200
[1] (a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. See Note (3) "Discontinued Operations".