v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net (loss) income $ (36,648) $ 48,356
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 41,509 18,726
Unrealized foreign currency loss (gain) 1,755 (2,219)
Intangible asset impairment 1,927 0
Inventory fair value adjustment 26,237 0
Gain on sale of Global Pump Solutions business 0 (63,701)
Fair value adjustment to earnout liabilities 0 (7,403)
Loss on sale of property and equipment 78 46
Debt discount amortization 1,006 631
Share-based compensation expense 19,245 9,507
(Benefit) provision for credit loss (3,023) 209
Inventory obsolescence expense 1,333 (132)
Deferred income tax benefit 1,856 6,322
Changes in operating assets and liabilities, net of acquisitions and divestiture:    
Accounts receivable (134,362) 5,822
Costs and estimated earnings in excess of billings on uncompleted contracts (829) (38,605)
Inventories 2,899 (6,477)
Prepaid expense and other current assets (96,027) (15,302)
Deferred charges and other assets (4,079) (5,597)
Accounts payable 50,183 15,834
Accrued expenses (7,340) 15,970
Billings in excess of costs and estimated earnings on uncompleted contracts 256,488 21,193
Income taxes payable (6,970) (4,142)
Other liabilities 6,159 (3,139)
Net cash provided by (used in) operating activities 121,397 (4,100)
Cash flows from investing activities:    
Acquisitions of property and equipment (12,863) (8,673)
Net cash proceeds for sale of Global Pump Solutions business 0 107,808
Cash paid for acquisitions, net of cash acquired (437,971) (97,615)
Net cash (used in) provided by investing activities (450,834) 1,520
Cash flows from financing activities:    
Borrowings on revolving credit lines 384,700 185,800
Repayments on revolving credit lines (221,800) (183,700)
Borrowings on long-term debt 235,000 0
Repayments of long-term debt (4,335) (1,230)
Payments on finance leases and financing liability 0 (643)
Deferred financing fees paid (7,664) 0
Deferred consideration paid for acquisitions 0 (2,787)
Equity awards surrendered by employees for tax liability, net of proceeds from employee stock purchase plan and exercise of stock options (11,862) 930
Noncontrolling interest distributions (1,405) (1,204)
Net cash provided by (used in) financing activities 372,634 (2,834)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,728) 86
Net increase in cash, cash equivalents and restricted cash 40,469 (5,328)
Cash, cash equivalents and restricted cash at beginning of period 33,227 38,201
Cash, cash equivalents and restricted cash at end of period 73,696 32,873
Cash paid during the period for:    
Interest 23,393 15,861
Income taxes $ 20,898 $ 22,424