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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net income (loss) $ 36,798 $ (76,579)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,008 12,435
Non-cash interest expense 613 514
Deferred income taxes (67) 778
Share-based compensation expense 17,315 14,959
Loss on extinguishment of debt   97,091
Provision for bad debts   490
Change in contingent consideration (131)  
Changes in operating assets and liabilities:    
Accounts receivable and contract assets (4,445) (10,145)
Inventories (6,680) (44,540)
Prepaid expenses and other current assets (1,160) (5,633)
Accounts payable and accrued expenses 2,946 7,230
Contract liabilities (37,470) 29,048
Other, net (2,911) (513)
Net cash provided by (used in) operating activities 17,816 25,135
Cash Flows from Investing Activities    
Capital expenditures (8,943) (10,836)
Acquisition of businesses, net of cash acquired   (30,373)
Proceeds from the sale of investments 81,695 112,895
Payments for purchases of investments (64,004) (69,320)
Proceeds from sale of productive assets 2,033  
Net cash provided by (used in) investing activities 10,781 2,366
Cash Flows from Financing Activities    
Restricted stock tax withholdings (14,588) (8,801)
Contingent consideration payment (1,818)  
Proceeds (net of tax withholdings) from option exercises and employee stock purchase plan 3,186 2,619
Proceeds from issuance of 2029 Notes, net of issuance costs   223,202
Extinguishment of convertible notes   (218,991)
Net cash provided by (used in) financing activities (13,220) (1,971)
Effect of exchange rate changes on cash and cash equivalents (44) (41)
Net increase (decrease) in cash, cash equivalents, and restricted cash 15,333 25,489
Cash, cash equivalents, and restricted cash - beginning of period 159,120 155,472
Cash, cash equivalents, and restricted cash - end of period 174,453 180,961
Supplemental Disclosure of Cash Flow Information    
Interest paid 4,679 6,628
Income taxes paid, net of refunds received 2,531 2,983
Non-cash activities    
Capital expenditures included in accounts payable and accrued expenses 590 3,938
Net transfer of inventory to property, plant and equipment   4,328
Right-of-use assets obtained in exchange for lease obligations $ 4,695 $ 630