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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (146,594) $ 8,595 $ 104,778
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 69,810 70,923 72,506
Non-cash lease expense 26,600 33,321 44,518
Stock-based compensation 14,823 15,646 12,367
Inventory write-down 48,221 88,108 43,286
Foreign currency losses 1,709 1,039 8,245
(Gain) loss on disposal of assets (84) 780 33
Impairment of fixed assets, goodwill and other intangibles 181,069 0 9,916
Deferred taxes (55,477) (18,090) (51,626)
Changes in operating assets and liabilities:      
Accounts receivable, net (7,763) (22,679) (11,449)
Inventories, net 30,318 (13,222) (2,972)
Prepaid expenses and other 579 6,359 2,758
Other assets (1,054) 45 3,099
Accounts payable (7,294) (10,083) 9,263
Accrued expenses (27,582) (37,701) (120,833)
Other liabilities (15,539) (4,402) (15,827)
Net cash provided by operating activities 111,742 118,639 108,062
Cash flows from investing activities:      
Purchases of property and equipment (41,583) (58,490) (59,056)
Proceeds on investment sales 18,378 18,147 5,932
Purchases of investments (14,757) (16,883) (13,955)
Acquisitions (net of cash acquired) 0 (77,275) 0
Net cash used in investing activities (37,962) (134,501) (67,079)
Cash flows from financing activities:      
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards (2,063) 4,561 27,052
Payment of cash dividends (11,927) (77,622) (77,015)
Repurchase of shares of common stock 0 (13,011) (70,045)
Finance lease principal payments (2,886) (3,198) (1,919)
Contingent consideration payments (6,300) 0 0
Payment of debt issuance cost 0 0 (5,077)
Payments on debt (125,000) (10,000) (432,500)
Proceeds from debt 15,000 110,000 460,000
Net cash (used in) provided by financing activities (133,176) 10,730 (99,504)
Effect of exchange rate changes on cash (9,778) (3,536) (16,347)
Net decrease in cash and cash equivalents (69,174) (8,668) (74,868)
Cash and cash equivalents, beginning of period 256,057 264,725 339,593
Cash and cash equivalents, end of period $ 186,883 $ 256,057 $ 264,725