XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income (loss) $ 51,787 $ (12,037)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 12,744 14,463
Non-cash operating lease expense 3,814 3,972
Stock-based compensation 11,429 6,919
Amortization of prepaid debt fees 888 889
Deferred taxes, net (1,579) (4,272)
Loss on sale of business 23 18
Restructuring, non-cash (194) 1,070
Other adjustments, net (322) 56
Changes in operating assets and liabilities, net of acquisition and sale of business:    
Accounts receivable (36,826) (22,497)
Inventories (5,559) (34,791)
Other current assets (9,690) (17,129)
Other long-term assets (4,824) 3,002
Accounts payable, other current liabilities, and taxes payable 48,412 15,113
Wages and benefits payable (40,561) (12,895)
Unearned revenue 35,738 34,471
Warranty 1,489 (1,041)
Restructuring (7,166) 33,209
Other operating, net (18,295) (7,091)
Net cash provided by operating activities 41,308 1,429
Investing activities    
Net proceeds (payments) related to the sale of business 0 (772)
Acquisitions of property, plant, and equipment (7,145) (6,902)
Business acquisitions, net of cash and cash equivalents acquired (34,126) 0
Other investing, net 125 16
Net cash used in investing activities (41,146) (7,658)
Financing activities    
Issuance of common stock 1,564 607
Prepaid debt fees (206) (517)
Other financing, net (281) (185)
Net cash provided by (used in) financing activities 1,077 (95)
Effect of foreign exchange rate changes on cash and cash equivalents (2,682) 330
Decrease in cash and cash equivalents (1,443) (5,994)
Cash and cash equivalents at beginning of period 302,049 202,007
Cash and cash equivalents at end of period 300,606 196,013
Supplemental disclosure of cash flow information:    
Income taxes, net 14,014 1,432
Interest $ 322 $ 459