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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 896 $ 13,580
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 16,837 21,810
Non-cash operating lease expense 4,113 4,330
Stock-based compensation 6,127 6,498
Amortization of prepaid debt fees 839 2,695
Deferred taxes, net (4,362) 2,109
Loss on sale of business 2,221 1,392
Restructuring, non-cash 390 (45)
Other adjustments, net 137 391
Changes in operating assets and liabilities, net of acquisition and sale of business:    
Accounts receivable (8,816) (2,078)
Inventories (6,345) 9,008
Other current assets (11,899) 15,692
Other long-term assets (2,887) (7,627)
Accounts payable, other current liabilities, and taxes payable 14,065 (26,978)
Wages and benefits payable (26,185) 5,458
Unearned revenue 35,320 18,050
Warranty (928) (1,382)
Other operating, net (11,932) (12,948)
Net cash provided by operating activities 7,591 49,955
Investing activities    
Proceeds from divestiture of businesses 55,933 2,842
Acquisitions of property, plant, and equipment (5,369) (11,412)
Business acquisitions, net of cash and cash equivalents acquired 23 0
Other investing, net 362 2,764
Net cash provided (used) in investing activities 50,949 (5,806)
Financing activities    
Proceeds from borrowings 0 460,000
Payments on debt 0 (475,000)
Issuance of common stock 784 2,238
Proceeds from common stock offering 0 389,419
Proceeds from sale of warrants 0 45,349
Purchases of convertible note hedge contracts 0 (84,139)
Repurchase of common stock (16,972) 0
Prepaid debt fees (695) (11,722)
Other financing, net (222) (1,564)
Net cash (used in) provided by financing activities (17,105) 324,581
Effect of foreign exchange rate changes on cash and cash equivalents (17) (1,071)
Increase in cash and cash equivalents 41,418 367,659
Cash and cash equivalents at beginning of period 162,579 206,933
Cash and cash equivalents at end of period 203,997 574,592
Supplemental disclosure of cash flow information:    
Income taxes, net 1,740 2,147
Interest $ 514 $ 3,193