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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 145,713 $ (110,489)
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 25,114 147,350
Unrealized losses on equity investments 28,077 0
Depreciation and amortization 39,349 53,361
Non-cash lease expense 19,484 23,644
Stock-based compensation 20,945 11,378
Inventory write-down 5,843 5,104
Foreign currency losses 4,468 2,238
Loss (gain) on disposal of assets 171 (337)
Deferred taxes (8,154) (7,625)
Changes in operating assets and liabilities:    
Accounts receivable, net 1,318 5,074
Inventories, net 11,003 24,948
Prepaid expenses and other 1,562 (21,174)
Other assets (9,508) (4,061)
Accounts payable (6,865) (10,556)
Accrued expenses (41,124) (19,032)
Other liabilities 2,431 (13,866)
Net cash provided by operating activities 63,665 85,957
Cash flows from investing activities:    
Purchases of property and equipment (23,517) (29,000)
Purchases of investments 0 (13,718)
Proceeds on investment sales 10,214 18,378
Proceeds from sale of business, net 193,725 0
Net cash provided by (used in) investing activities 180,422 (24,340)
Cash flows from financing activities:    
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards (1,171) (2,004)
Payment of cash dividends (8,928) (8,944)
Repurchase of shares of common stock (10,020) 0
Finance lease principal payments (1,755) (2,302)
Contingent consideration payments 0 (6,300)
Proceeds from debt 55,000 15,000
Payments of debt (220,000) (85,000)
Other, net 2,971 0
Net cash used in financing activities (183,903) (89,550)
Effect of exchange rate changes on cash 4,720 (373)
Net increase (decrease) in cash and cash equivalents 64,904 (28,306)
Cash and cash equivalents, beginning of period 186,883 256,057
Cash and cash equivalents, end of period $ 251,787 $ 227,751