XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income (loss) $ (30,368) $ 166,942 $ 26,038
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 24,966 25,645 26,058
Non-cash interest expense 1,118 962 13,819
Deferred income taxes (2,211) (118,040) (651)
Share-based compensation expense 28,558 22,994 15,249
Loss on extinguishment of debt 97,091   4,029
Impairment of equity investments     980
Provision for bad debts 316    
Change in contingent consideration 701    
Changes in operating assets and liabilities:      
Accounts receivable and contract assets 13,271 (12,826) (26,664)
Inventories (35,158) (37,288) (24,803)
Prepaid expenses and other current assets (16,063) 7,668 7,621
Accounts payable and accrued expenses (8,810) (13,115) 20,225
Contract liabilities (9,626) 64,087 (4,099)
Income taxes receivable and payable, net (525) 557 947
Other, net (1,586) 897 8,993
Net cash provided by (used in) operating activities 61,674 108,483 67,742
Cash Flows from Investing Activities      
Capital expenditures (27,930) (24,604) (40,643)
Acquisition of businesses, net of cash acquired (30,373)    
Proceeds from the sale of investments 182,853 59,738 330,702
Payments for purchases of investments (177,880) (104,014) (247,256)
Proceeds from held for sale assets, net of costs to sell     1,725
Net cash provided by (used in) investing activities (53,330) (68,880) 44,528
Cash Flows from Financing Activities      
Proceeds from issuance of 2029 Notes, net of issuance costs 223,202    
Extinguishment of Convertible Notes (218,991)   (115,604)
Debt issuance costs     (835)
Contingent consideration payment (2,500)    
Proceeds (net of tax withholdings) from option exercises and employee stock purchase plan 4,618 3,698 3,402
Restricted stock tax withholdings (11,009) (8,248) (8,992)
Net cash provided by (used in) financing activities (4,680) (4,550) (122,029)
Effect of exchange rate changes on cash and cash equivalents (16) (53) (52)
Net increase (decrease) in cash, cash equivalents, and restricted cash 3,648 35,000 (9,811)
Cash, cash equivalents, and restricted cash - beginning of period 155,472 120,472 130,283
Cash, cash equivalents, and restricted cash - end of period 159,120 155,472 120,472
Supplemental Disclosure of Cash Flow Information      
Interest paid 11,781 10,139 12,551
Income taxes paid (refunds received) 5,095 1,434 (139)
Non-cash activities      
Capital expenditures included in accounts payable and accrued expenses 4,388 2,285 9,096
Net transfer of inventory to property, plant and equipment 4,296 1,235 (63)
Right-of-use assets obtained in exchange for lease obligations $ 630 $ 2,938 $ 23,777