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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 74,516 $ 48,454 $ (9,843)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 81,804 84,066 94,070
Loss (gain) on disposition of business 1,417   (517)
Loss on sale or abandonment of property and equipment 380 1,303 2,159
Write-off of certain intangible assets and other long-term assets 2,281 4,412 36,609
Acquired in-process research and development 6,671   250
Amortization of right-of-use operating lease assets 10,394 11,718 12,746
Adjustments related to contingent consideration liabilities 4,611 3,161 (7,960)
Amortization of deferred credits (107) (108) (130)
Amortization of long-term debt issuance costs 604 604 604
Deferred income taxes (14,924) (4,631) (11,295)
Stock-based compensation expense 18,042 16,090 14,339
Changes in operating assets and liabilities, net of acquisitions and divestitures:      
Trade receivables (15,116) (8,618) 10,425
Other receivables 4,154 (10,418) 1,668
Inventories (47,929) (25,183) 29,429
Prepaid expenses and other current assets (1,798) (3,555) (446)
Prepaid income taxes (379) 125 (162)
Income tax refund receivables 1,952 739 (339)
Other assets 657 (1,670) (3,511)
Trade payables 12,661 6,050 333
Accrued expenses (16,379) 36,462 4,603
Income taxes payable 4,521 (119) (86)
Liabilities related to unrecognized tax benefits (45) 314 (576)
Deferred compensation payable (2,848) 1,303 1,953
Operating lease liabilities (11,127) (12,410) (12,659)
Other long-term obligations 278 (858) 3,606
Total adjustments 39,775 98,777 175,113
Net cash, cash equivalents, and restricted cash provided by operating activities 114,291 147,231 165,270
Capital expenditures for:      
Property and equipment (45,029) (27,939) (45,988)
Intangible assets (3,175) (2,834) (3,288)
Proceeds from the sale of property and equipment 65 1,037 42
Proceeds (payments) from disposition of business (971)   1,285
Cash received for settlement of note receivable   2,000 250
Issuance of note receivable   (2,254)  
Cash paid in acquisitions, net of cash acquired (8,287) (7,171) (10,953)
Net cash, cash equivalents, and restricted cash used in investing activities (57,397) (37,161) (58,652)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 20,070 21,306 6,635
Proceeds from issuance of long-term debt 215,205 98,421 68,625
Payments on long-term debt (260,143) (206,921) (157,000)
Contingent payments related to acquisitions (32,918) (10,665) (13,100)
Payment of taxes related to an exchange of common stock (2,474) (576) (866)
Net cash, cash equivalents, and restricted cash used in financing activities (60,260) (98,435) (95,706)
Effect of exchange rates on cash, cash equivalents, and restricted cash (3,826) (801) 1,684
Net increase (decrease) in cash, cash equivalents and restricted cash (7,192) 10,834 12,596
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:      
Beginning of period 67,750 56,916 44,320
End of period 60,558 67,750 56,916
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:      
Cash and cash equivalents 58,408 67,750 56,916
Restricted cash reported in prepaid expenses and other current assets $ 2,150    
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 $ 60,558 67,750 56,916
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest (net of capitalized interest of $858, $480 and $813, respectively) 6,258 5,261 10,077
Income taxes 17,092 8,828 8,918
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Property and equipment purchases in accounts payable 3,702 2,558 2,180
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 3,526   4,358
Merit common stock surrendered (18, 3, and 39 shares, respectively) in exchange for exercise of stock options 1,140 180 1,467
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 11,130 $ 1,524 $ 10,938