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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
OPERATING ACTIVITIES:              
Net income (loss) $ 43,229 $ 45,394 $ 32,337 $ 9,180 $ 123,691 $ 41,148  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         89,090 89,853  
Non-cash impairment charges         2,754 0  
Deferred income tax (benefit) provision         (13,498) 4,784  
Share-based compensation         29,778 14,333  
Amortization of debt issuance costs and expenses associated with debt refinancing         5,308 10,499  
Non-cash lease expense         3,099 2,172  
Accretion of bond issuance discount         0 11,075  
Loss on disposal of property and equipment         2,029 559  
Gain from the sale of business 230   0   (41,967) 0  
Change in fair value of contingent consideration and others         (544) (45)  
Changes in assets and liabilities:              
Accounts receivable         17,437 57,863  
Inventories         (3,598) (45,531)  
Prepaid expenses and other current assets         (11,696) (865)  
Other non-current assets         5,900 10,868  
Accounts payable, accrued expenses and other current liabilities         33,858 (67,178)  
Contract liabilities         0 (548)  
Other non-current liabilities         1,509 (5,417)  
Net cash provided by operating activities         243,150 123,570  
INVESTING ACTIVITIES:              
Purchases of property and equipment         (20,595) (30,463)  
Proceeds from sale of Extremity Orthopedics business         190,468 0  
Proceeds from sale of property and equipment         3 3,311  
Cash paid for business acquisitions, net of cash acquired         (303,910) 0  
Acquired in-process research and development         0 (5,000)  
Net proceeds on swaps designated as net investment hedges         76 0  
Net cash used in investing activities         (133,958) (32,152)  
FINANCING ACTIVITIES:              
Proceeds from borrowings of long-term indebtedness         13,450 151,300  
Payments on debt         (114,250) (441,000)  
Purchase of option hedge on convertible notes         0 (104,248)  
Proceeds from convertible notes issuance         0 575,000  
Proceeds from sale of stock purchase warrants         0 44,563  
Payment of debt issuance costs         (249) (24,347)  
Purchases of treasury stock         0 (100,000)  
Proceeds from exercised stock options         6,588 3,821  
Cash taxes paid in net equity settlement         (4,286) (4,686)  
Net cash (used) provided by financing activities         (98,747) 100,403  
Effect of exchange rate changes on cash and cash equivalents         (10,380) 5,547  
Net increase in cash and cash equivalents         65 197,368  
Cash and cash equivalents at beginning of period   $ 470,166   $ 198,911 470,166 198,911 $ 198,911
Cash and cash equivalents at end of period $ 470,231   $ 396,279   $ 470,231 $ 396,279 $ 470,166