v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 104,842 $ (1,864) [1]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 66,851 29,730 [1]
Amortization of debt issuance cost 2,203 1,266 [1]
Deferred taxes 12,944 (19,117) [1]
Stock-based compensation 12,992 9,908 [1]
Impairment and loss on sale of business segments 0 47,046 [1]
Loss on sale of property and equipment 219 10 [1]
Gain on settlement of corporate-owned life insurance (357) 0 [1]
Interest income on note receivable (2,084) (1,342) [1]
Earn-out fair value adjustments (8,880) 29,200 [1]
Loss on debt extinguishment 4,473 0 [1]
Changes in operating assets and liabilities, net of impact of acquisitions:    
Receivables (18,915) (23,243) [1]
Contract assets (11,620) (2,954) [1]
Inventories (148,409) (26,522) [1]
Prepaid expenses and other current assets and other assets (1,620) (8,991) [1]
Operating lease assets and liabilities, net 2,697 837 [1]
Accounts payable and deferred compensation 1,428 (42,067) [1]
Accrued expenses and other liabilities 4,520 (2,549) [1]
Net cash provided by (used in) operating activities 21,284 (10,652) [1]
Cash flows from investing activities:    
Purchases of property and equipment (24,699) (14,513) [1]
Proceeds from the sale of business segments, net of cash divested 0 138,816 [1]
Cash paid for acquisitions, net of cash acquired (1,830,791) (47,745) [1]
Purchases of intangible assets (15,082) 0 [1]
Proceeds from corporate-owned life insurance settlements 760 0 [1]
Net cash (used in) provided by investing activities (1,869,812) 76,558 [1]
Cash flows from financing activities:    
Borrowings on bank credit facilities, net of creditor fees 979,357 648,066 [1]
Repayments on bank credit facilities (370,773) (720,825) [1]
Repayments on amortizing notes (10,924) 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 (10,332) (5,077) [1]
Dividends paid (7,952) (6,195) [1]
Other (984) 0 [1]
Net cash provided by (used in) financing activities 1,845,067 (86,152) [1]
Effect of exchange rate changes on cash and cash equivalents (111) 0 [1]
Net increase (decrease) in cash and cash equivalents (3,572) (20,246) [1]
Cash and cash equivalents, beginning of period 69,358 29,030 [1]
Cash and cash equivalents, end of period 65,786 8,784 [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
[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".