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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Consolidated net (loss) income $ (64,086) $ (37,153) $ 65,234
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 149,524 140,937 135,593
Purchase of in-process research and development   1,011  
Deferred income taxes (4,141) (18,007) 5,844
Amortization of non-cash interest 8,629 48,986 21,288
Stock-based compensation 25,292 18,145 30,297
Net (gain) loss on strategic investments (3,082) 268 4,767
Changes in fair value of contingent consideration 53,404 2,327 (6,297)
Net loss recognized on change in fair value of derivatives   12,301  
Net loss from foreign currency adjustment 28,709 4,218 785
Reserves on current assets 26,218 53,902 18,382
Other non-cash adjustments 11,006 10,331 11,162
Changes in operating assets and liabilities, net of effects from acquisitions:      
Accounts receivable (11,694) 3,030 (16,407)
Inventory (37,020) (40,765) (54,872)
Prepaid expenses and other current assets (3,366) (4,986) (4,622)
Accounts payable and accrued liabilities 533 8,756 (3,924)
Accrued payroll and related expenses 4,132 (23,654) 24,256
Income taxes (1,884) 6,264 3,804
Net cash provided by operating activities 182,174 185,911 235,290
Investing activities:      
Acquisition of Simplify Medical, net of cash acquired (149,463)    
Payment of contingent consideration for Simplify Medical (45,850)    
Acquisitions and investments (500)   (4,100)
Proceeds from other investments   1,143  
Purchases of intangible assets (1,344) (3,860) (7,501)
Purchases of property and equipment (111,112) (105,729) (122,883)
Purchases of marketable securities   (233,488)  
Proceeds from sales of marketable securities 127,023 60,000  
Proceeds from maturities of marketable securities 46,000    
Other investing activities (819)    
Net cash used in investing activities (136,065) (281,934) (134,484)
Financing activities:      
Proceeds from the issuance of common stock 6,218 6,170 6,415
Payment of contingent consideration (3) (7,053) (809)
Purchase of treasury stock (8,813) (80,665) (14,478)
Proceeds from issuance of convertible debt, net of issuance costs   873,848  
Proceeds from sale of warrants   93,915  
Purchases of convertible note hedges   (147,825)  
Payments upon settlement of senior convertible notes (649,426)    
Other financing activities (1,325) (1,734) 2,228
Net cash (used in) provided by financing activities (653,349) 736,656 (6,644)
Effect of exchange rate changes on cash (3,538) 3,202 131
(Decrease) increase in cash, cash equivalents and restricted cash (610,778) 643,835 94,293
Cash, cash equivalents and restricted cash at beginning of period 858,363 214,528 120,235
Cash, cash equivalents and restricted cash at end of period 247,585 858,363 214,528
Supplemental cash flow information:      
Interest paid 16,294 19,914 16,145
Income taxes paid $ 11,879 $ 1,873 $ 5,828