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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 63,966 $ 40,948
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,690 42,316
Loss on sale or abandonment of property and equipment 79 4,677
Write-off of certain intangible assets and other long-term assets 280 328
Acquired in-process research and development   1,550
Amortization of right-of-use operating lease assets 6,063 5,935
Fair value adjustments related to contingent consideration liabilities 189 1,615
Amortization of deferred credits (52) (52)
Amortization of long-term debt issuance costs 2,954 462
Stock-based compensation expense 12,245 9,549
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Trade receivables (6,901) (5,980)
Other receivables (499) 287
Inventories 3,119 (35,502)
Prepaid expenses and other current assets (2,306) 78
Income tax refund receivables (3,621) (3,577)
Other assets (2,968) (1,558)
Trade payables (7,096) (7,253)
Accrued expenses (2,804) (10,295)
Income taxes payable (3,869) (4,896)
Deferred compensation payable 1,421 1,154
Operating lease liabilities (5,962) (5,711)
Other long-term obligations 2,794 (2,244)
Total adjustments 40,756 (9,117)
Net cash, cash equivalents, and restricted cash provided by operating activities 104,722 31,831
Capital expenditures for:    
Property and equipment (22,309) (18,556)
Intangible assets (1,576) (1,047)
Proceeds from the sale of property and equipment 2 201
Issuance of note receivables (6,162)  
Cash paid in acquisitions and investments, net of cash acquired (8,493) (138,349)
Net cash, cash equivalents, and restricted cash used in investing activities (38,538) (157,751)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 10,931 9,463
Proceeds from issuance of long-term debt   460,283
Payments on long-term debt (24,063) (318,471)
Long-term debt issuance costs   (5,240)
Contingent payments related to acquisitions (142) (3,434)
Payment of taxes related to an exchange of common stock (1,592) (1,592)
Net cash, cash equivalents, and restricted cash (used in) provided by financing activities (14,866) 141,009
Effect of exchange rates on cash, cash equivalents, and restricted cash (1,750) (1,497)
Net increase in cash, cash equivalents and restricted cash 49,568 13,592
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 589,144 60,558
End of period 638,712 74,150
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 636,658 72,084
Restricted cash reported in prepaid expenses and other current assets $ 2,054 $ 2,066
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration] Prepaid Expense and Other Assets, Current Prepaid Expense and Other Assets, Current
Total cash, cash equivalents and restricted cash $ 638,712 $ 74,150
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $428 and $597, respectively) 4,404 3,681
Income taxes 22,619 17,787
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 5,411 4,291
Acquisition purchases in accrued expenses and other long-term obligations 4,553 3,635
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 8,167 $ 3,399