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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income (loss) $ 53,411 $ (31,497)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 42,013 50,612
Non-cash operating lease expense 12,197 12,250
Stock-based compensation 20,531 17,416
Amortization of prepaid debt fees 2,761 2,610
Deferred taxes, net 1,938 (6,428)
Loss on sale of business 675 3,182
Goodwill impairment 0 38,480
Restructuring, non-cash 910 (879)
Other adjustments, net (318) 2,148
Changes in operating assets and liabilities, net of acquisition and sale of business:    
Accounts receivable (37,832) 12,270
Inventories (48,280) (48,377)
Other current assets (43,240) (15,907)
Other long-term assets 3,392 (7,897)
Accounts payable, other current liabilities, and taxes payable 220 55,032
Wages and benefits payable 17,361 (30,877)
Unearned revenue 38,619 32,151
Warranty (2,177) (5,031)
Restructuring 23,966 (34,410)
Other operating, net (9,071) (7,318)
Net cash provided by operating activities 77,076 37,530
Investing activities    
Net proceeds (payments) related to the sale of business (772) 55,933
Acquisitions of property, plant, and equipment (18,304) (14,886)
Business acquisitions, net of cash and cash equivalents acquired 0 23
Other investing, net 73 2,424
Net cash provided by (used in) investing activities (19,003) 43,494
Financing activities    
Issuance of common stock 2,366 2,631
Repurchase of common stock 0 (16,972)
Prepaid debt fees (517) (697)
Other financing, net (4,488) (4,358)
Net cash used in financing activities (2,639) (19,396)
Effect of foreign exchange rate changes on cash and cash equivalents (2,670) (8,794)
Increase in cash and cash equivalents 52,764 52,834
Cash and cash equivalents at beginning of period 202,007 162,579
Cash and cash equivalents at end of period 254,771 215,413
Supplemental disclosure of cash flow information:    
Income taxes, net 29,031 9,954
Interest $ 1,578 $ 1,409