XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 549,310 $ 561,004 $ 1,117,959 $ 1,104,126
Cost of goods sold 356,983 393,411 733,591 767,706
Gross Profit 192,327 167,593 384,368 336,420
OPERATING EXPENSES:        
Selling, general and administrative 150,895 158,748 303,467 311,960
Research and development 22,302 22,562 42,063 46,433
Restructuring, strategic transaction and integration 12,354 13,525 23,367 47,430
Change in fair value of contingent earn-out 4,016 (27,194) 3,316 (27,194)
TOTAL OPERATING EXPENSES 189,567 167,641 372,213 378,629
(LOSS) INCOME FROM OPERATIONS 2,760 (48) 12,155 (42,209)
Interest Expense (24,121) (15,440) (46,636) (28,495)
OTHER (EXPENSE) INCOME, net (1,502) (1,366) (1,771) (951)
(Loss) Income from Continuing Operations before Income Taxes, Noncontrolling Interest (22,863) (16,854) (36,252) (71,655)
BENEFIT (PROVISION) FOR INCOME TAXES 12,929 9,380 16,506 26,113
NET (LOSS) INCOME $ (9,934) $ (7,474) $ (19,746) $ (45,542)
NET INCOME PER SHARE        
Basic (in dollars per share) $ (0.41) $ (0.31) $ (0.82) $ (1.91)
Diluted (in dollars per share) $ (0.41) $ (0.31) $ (0.82) $ (1.91)
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 24,075 23,897 24,045 23,787
Diluted (in shares) 24,075 23,897 24,045 23,787