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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (9,843) $ 5,451 $ 42,017
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 94,070 92,100 69,546
Gain on sale of business (517)    
Loss on sales and/or abandonment of property and equipment 2,159 115 625
Write-off of certain intangible assets and other long-term assets 36,609 25,563 814
Acquired in-process research and development 250 525 644
Amortization of right-of-use operating lease assets 12,746 12,256  
Fair value adjustments to contingent consideration (7,960) (232) (698)
Amortization of deferred credits (130) (139) (142)
Amortization of long-term debt issuance costs 604 721 804
Deferred income taxes (11,295) (12,436) 2,052
Stock-based compensation expense 14,339 9,382 6,117
Changes in operating assets and liabilities, net of acquisitions and divestitures:      
Trade receivables 10,425 (17,900) (27,522)
Other receivables 1,668 1,787 (2,588)
Inventories 29,429 (27,044) (28,172)
Prepaid expenses and other current assets (446) (1,239) (2,000)
Prepaid income taxes (162) 128 (444)
Income tax refund receivables (339) (2,247) 232
Other assets (3,511) (5,141) 149
Trade payables 333 (2,295) 15,726
Accrued expenses 4,603 4,719 12,623
Income taxes payable (86) (351) 918
Long-term income taxes payable   (45) (4,454)
Liabilities related to unrecognized tax benefits (576) (794) 267
Deferred compensation payable 1,953 3,635 39
Operating lease liabilities (12,659) (11,970)  
Other long-term obligations 3,606 3,264 (20)
Total adjustments 175,113 72,362 44,516
Net cash provided by operating activities 165,270 77,813 86,533
Capital expenditures for:      
Property and equipment (45,988) (78,173) (63,324)
Intangible assets (3,288) (3,324) (3,012)
Proceeds from the sale of property and equipment 42 920 55
Proceeds from sale of business 1,285    
Cash received for settlement of current note receivable 250    
Issuance of note receivable     (10,750)
Cash paid in acquisitions, net of cash acquired (10,953) (53,904) (301,789)
Net cash used in investing activities (58,652) (134,481) (378,820)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 6,635 6,252 214,993
Offering costs     (366)
Proceeds from issuance of long-term debt 68,625 246,659 639,108
Payments on long-term debt (157,000) (202,159) (522,608)
Long-term debt issuance costs   (1,479)  
Contingent payments related to acquisitions (13,100) (15,740) (231)
Payment of taxes related to an exchange of common stock (866)   (2,616)
Net cash provided by (used in) financing activities (95,706) 33,533 328,280
EFFECT OF EXCHANGE RATES ON CASH 1,684 96 (970)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 12,596 (23,039) 35,023
CASH AND CASH EQUIVALENTS:      
Beginning of period 44,320 67,359 32,336
End of period 56,916 44,320 67,359
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest (net of capitalized interest of $813, $1,290 and $647, respectively) 10,077 12,434 10,324
Income taxes 8,918 12,069 8,692
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Property and equipment purchases in accounts payable 2,180 7,952 4,989
Current note receivable converted to equity investment 899    
Proceeds from sale of business in other receivables 321    
Acquisition purchases in accrued expenses and other long-term obligations 4,358 10,541 72,209
Merit common stock surrendered (39, 3 and 43 shares, respectively) in exchange for exercise of stock options 1,467 93 $ 2,261
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 10,938 $ 10,637