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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 107,515 $ (533)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Gain on sale of business (176,162) 0
Impairment of goodwill, fixed assets and other intangibles 25,114 0
Unrealized losses on equity investments 28,077 0
Depreciation and amortization 14,206 18,437
Non-cash lease expense 6,438 7,987
Stock-based compensation 9,308 4,242
Inventory write-down 3,085 2,003
Foreign currency losses 931 1,639
Loss on disposal of assets 58 218
Deferred taxes 631 1,348
Changes in operating assets and liabilities:    
Accounts receivable, net (5,878) 7,447
Inventories, net (32) 6,999
Prepaid expenses and other 9,612 (13,352)
Other assets 1,796 (4,295)
Accounts payable (1,439) (10,575)
Accrued expenses (21,016) (4,227)
Other liabilities (1,855) (14,020)
Net cash provided by operating activities 389 3,318
Cash flows from investing activities:    
Purchases of property and equipment (13,584) (12,281)
Proceeds on investment sales 1,403 3,019
Proceeds from sale of business, net 193,725 0
Net cash provided by (used in) investing activities 181,544 (9,262)
Cash flows from financing activities:    
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards (1,162) (1,891)
Payment of cash dividends (3,002) (2,979)
Repurchase of shares of common stock (5,012) 0
Finance lease principal payments (621) (785)
Contingent consideration payments 0 (6,300)
Payments of debt (155,000) (20,000)
Other, net (1,498) 0
Net cash used in financing activities (166,295) (31,955)
Effect of exchange rate changes on cash 1,249 (5,626)
Net increase (decrease) in cash and cash equivalents 16,887 (43,525)
Cash and cash equivalents, beginning of period 186,883 256,057
Cash and cash equivalents, end of period $ 203,770 $ 212,532