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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Consolidated net income $ 74,051 $ 50,331 $ 44,521
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Depreciation and amortization 53,158 43,394 38,293
Provision for inventory excess and obsolescence 2,988 3,627 4,002
Share-based compensation 23,108 25,606 23,119
Deferred income taxes (18,654) (3,945) (4,113)
Loss (gain) on disposal of fixed assets (61) 65 120
Contingent consideration adjustments (1,443) (99) (6,632)
Inventory acquisition fair value adjustments 160 1,411 188
Write-off of unamortized deferred financing costs 624    
Non-cash interest expense 1,229 1,170 1,045
Other non-cash items 356 74 157
Changes in assets and liabilities which provided/(used) cash, excluding effects from business acquisitions:      
Accounts receivable (23,246) (25,355) 18,026
Inventories (48,547) (19,078) 22,102
Prepaid expenses and other current assets (814) (3,117) 4,456
Prepaid income taxes, income taxes receivable and income taxes payable 489 (140) 6,015
Accounts payable, accrued expenses and other current liabilities 30,333 24,516 (14,484)
Other non-current assets and liabilities (2,952) (3,835) 3,424
Cash provided by operating activities 90,779 94,625 140,239
Cash flows from investing activities:      
Purchases of property, plant and equipment (19,643) (19,976) (10,524)
Acquisition of businesses, net of cash acquired and working capital adjustments (21,565) (284,728)  
Payment of contingent consideration related to acquisition of technology assets (1,470) (2,200) (2,632)
Proceeds from sale of property, plant and equipment 137 200  
Cash used in investing activities (42,541) (306,704) (13,156)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 69,941 280,000  
Repayments under term loan and revolving credit facilities (59,029) (32,381) (35,391)
Payments of debt issuance costs (2,492) (890) (1,614)
Payments of withholding taxes from share-based awards (11,721) (30,830) (8,554)
Payments of deferred and escrowed purchase price related to acquisitions     (31,021)
Payments of contingent considerations related to acquisitions (46,254) (1,836) (1,135)
Repurchases of common shares (10,000)   (5,500)
Purchase of building under finance lease   (8,743)  
Other financing activities (599) (567) (1,142)
Cash provided by (used in) financing activities (60,154) 204,753 (84,357)
Effect of exchange rates on cash and cash equivalents (5,372) (335) 3,384
Increase (decrease) in cash and cash equivalents (17,288) (7,661) 46,110
Cash and cash equivalents, beginning of year 117,393 125,054 78,944
Cash and cash equivalents, end of year 100,105 117,393 125,054
Supplemental disclosure of cash flow information:      
Cash paid for interest 14,264 6,207 5,529
Cash paid for income taxes 20,291 11,304 5,879
Income tax refunds received 169 1,557 4,833
Supplemental disclosure of non-cash investing activity:      
Accruals for capital expenditures $ 1,681 $ 708 $ 166