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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 25,843 $ 15,874
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,902 42,417
Loss on disposition of business 1,254  
Loss on sale or abandonment of property and equipment 112 242
Write-off of certain intangible assets and other long-term assets 1,733 4,368
Acquired in-process research and development 6,671  
Amortization of right-of-use operating lease assets 5,121 6,074
Adjustments and payments related to contingent consideration liability 1,999 2,207
Amortization of deferred credits (54) (54)
Amortization of long-term debt issuance costs 302 302
Stock-based compensation expense 9,093 6,732
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Trade receivables (9,472) (7,833)
Other receivables 6,457 (793)
Inventories (14,766) 3,185
Prepaid expenses and other current assets (2,155) (3,823)
Income tax refund receivables (4) (9)
Other assets 1,768 (685)
Trade payables 3,713 5,639
Accrued expenses (20,966) 9,206
Income taxes payable 1,114 (860)
Deferred compensation payable (2,549) 247
Operating lease liabilities (5,609) (6,259)
Other long-term obligations 287 263
Total adjustments 24,951 60,566
Net cash, cash equivalents, and restricted cash provided by operating activities 50,794 76,440
Capital expenditures for:    
Property and equipment (16,763) (12,817)
Intangible assets (912) (1,469)
Proceeds from the sale of property and equipment 59 884
Payments from disposition of business (971)  
Cash paid in acquisitions, net of cash acquired (4,712) (1,858)
Net cash, cash equivalents, and restricted cash used in investing activities (23,299) (15,260)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 3,244 11,780
Proceeds from issuance of long-term debt 127,688 32,657
Payments on long-term debt (124,563) (91,535)
Contingent payments related to acquisitions (32,798) (489)
Payment of taxes related to an exchange of common stock (1,015) (488)
Net cash, cash equivalents, and restricted cash used in financing activities (27,444) (48,075)
Effect of exchange rates on cash, cash equivalents, and restricted cash (2,564) (349)
Net increase (decrease) in cash, cash equivalents and restricted cash (2,513) 12,756
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 67,750 56,916
End of period 65,237 69,672
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 63,003 69,672
Restricted cash reported in prepaid expenses and other current assets $ 2,234  
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration] Prepaid Expense and Other Assets, Current  
Total cash, cash equivalents and restricted cash $ 65,237 69,672
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $126 and $120, respectively) 2,317 2,923
Income taxes 7,863 4,611
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 3,555 1,014
Acquisition purchases in other long-term obligations (3,526)  
Merit common stock surrendered (0 and 2 shares, respectively) in exchange for exercise of stock options   93
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 4,746 $ 361