v3.26.3
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 56,695 $ 30,316
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 12,234 13,077
Amortization of deferred debt issuance costs 2,940 4,107
Amortization 44,832 42,354
Stock-based compensation 16,643 23,352
Deferred income taxes 8,281 2,711
Gain on sale of product offerings, net (1,824) 0
Non-cash adjustments to fair value of contingent consideration liability 1,215 3,504
(Gain) loss on early extinguishment of debt, net (4,597) 363
Increase (decrease) in cash flows from changes in assets and liabilities:    
Accounts receivable 12,977 20,310
Inventories (15,600) (15,242)
Accounts payable 3,862 3,863
Accrued compensation and benefits (5,362) 8,990
Other assets (29,946) (12,934)
Other liabilities (2,372) (417)
Net cash provided by operating activities 99,978 124,354
Cash flows from investing activities:    
Proceeds from sale of product offerings 22,313 0
Purchases of property, plant and equipment (8,510) (14,695)
Other 0 850
Net cash provided by (used in) investing activities 13,803 (13,845)
Cash flows from financing activities:    
Payments on term loan (5,625) (79,821)
Proceeds from term loan 450,000 25,234
Payments on revolving line of credit (583,000) (508,432)
Proceeds from revolving line of credit 763,000 508,432
Repurchases of common stock (49,423) 0
Payments to repurchase convertible notes (637,176) 0
Payments related to contingent consideration (40,679) (22,577)
Payments related to debt issuance costs (3,562) (2,897)
Dividends paid on common stock 0 (18,555)
Other, net 721 166
Net cash used in financing activities (105,744) (98,450)
Effect of exchange rate changes on cash and cash equivalents (882) 2,411
Net increase in cash and cash equivalents 7,155 14,470
Cash and cash equivalents at beginning of period 40,817 24,459
Cash and cash equivalents at end of period 47,972 38,929
Non-cash financing activities:    
Dividends payable $ 0 $ 6,191