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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 28,829 $ 46,964
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,252 11,834
Amortization of debt issuance costs 457 452
Stock-based compensation 7,254 7,915
Deferred income taxes, net (1,124) 1,045
Contingent consideration 1,235 (2,411)
Other (857) 73
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Accounts receivable (16,832) (6,269)
Inventories (5,845) (30,037)
Prepaid expenses and other assets (2,799) 283
Operating lease right of use assets 3,349 1,514
Other assets (434) (204)
Accounts payable (1,194) 2,200
Accrued expenses (13,326) (9,999)
Operating lease Liabilities (2,870) (17)
Long-term liabilities 59 (230)
Total cash provided by operating activities 11,154 23,113
Cash flows from investing activities:    
Additions to capitalized software costs (924) (1,027)
Purchases of property, plant and equipment (8,509) (27,204)
Other investing activities 0 17
Total cash used in investing activities (9,433) (28,214)
Cash flows from financing activities:    
Proceeds from exercise of stock options 29 296
Payment of tax withholding obligation on vesting of restricted stock (9,592) (12,311)
Repayment of Convertible Senior Notes 0 (6)
Total cash used in financing activities (9,563) (12,021)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 993 (2,052)
Net decrease in cash, cash equivalents and restricted cash (6,849) (19,174)
Cash, cash equivalents and restricted cash, beginning of period 523,458 603,814
Cash and cash equivalents, end of period 516,609 584,640
Supplemental disclosure of non-cash investing and financing activities:    
Assets acquired under operating leases $ 179 $ 1,119