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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income (loss) $ (53,325) $ 19,968
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 48,230 57,068
Non-cash operating lease expense 9,909 9,481
Stock-based compensation 15,581 13,783
Amortization of prepaid debt fees 2,013 2,402
Deferred taxes, net 5,904 2,076
Restructuring, non-cash (1,146) (5,295)
Other adjustments, net 287 (3,471)
Changes in operating assets and liabilities    
Accounts receivable 52,031 (29,121)
Inventories (16,529) (9,202)
Other current assets (7,861) (14,413)
Other long-term assets (3,919) 6,616
Accounts payable, other current liabilities, and taxes payable (76,144) (2,801)
Wages and benefits payable (11,145) 13,484
Unearned revenue 23,099 14,961
Warranty (8,417) (3,270)
Other operating, net (9,697) 5,797
Net cash provided by operating activities 25,786 78,063
Investing activities    
Acquisitions of property, plant, and equipment (29,049) (26,511)
Other investing, net 3,520 9,773
Net cash used in investing activities (29,159) (16,738)
Financing activities    
Proceeds from borrowings 400,000 50,000
Payments on debt 0 (72,188)
Issuance of common stock 4,183 4,001
Repurchase of common stock 0 (25,000)
Prepaid debt fees (184) (175)
Other financing, net (2,036) (3,165)
Net cash provided by (used in) financing activities 401,963 (46,527)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (3,671) 727
Increase in cash, cash equivalents, and restricted cash 394,919 15,525
Cash, cash equivalents, and restricted cash at beginning of period 149,904 122,328
Cash, cash equivalents, and restricted cash at end of period 544,823 137,853
Supplemental disclosure of cash flow information:    
Income taxes, net (2,994) 6,571
Interest 32,149 23,333
Payments for (Proceeds from) Businesses and Interest in Affiliates (3,630) 0
Gain (Loss) on Disposition of Business $ 56,915 $ 0