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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 130,354 $ 180,485
Accounts receivable, net of allowances of $28,136 and $31,579, respectively 278,191 257,657
Inventories 368,687 356,254
Income taxes receivable 32,782 4,046
Other receivables 22,082 22,204
Prepaid expenses and other assets 53,787 51,623
Total current assets 885,883 872,269
Property and equipment, net 238,191 244,335
Intangible assets, net 1,324,680 1,777,080
Goodwill 404,689 711,491
Deferred tax assets, net 935,054 872,350
Restricted cash 3,557 3,193
Right-of-use assets 338,669 307,228
Other assets 44,027 24,207
Total assets 4,174,750 4,812,153
Current liabilities:    
Accounts payable 266,090 264,901
Accrued expenses and other liabilities 300,959 298,068
Income taxes payable 47,308 108,688
Current operating lease liabilities 85,772 68,551
Total current liabilities 700,129 740,208
Deferred tax liabilities, net 882 4,086
Long-term income taxes payable 649,057 595,434
Long-term borrowings 1,230,885 1,349,339
Long-term operating lease liabilities 297,192 283,406
Other liabilities 3,322 3,948
Total liabilities 2,881,467 2,976,421
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.001 per share, 110.7 million and 110.4 million issued, 50.2 million and 56.5 million shares outstanding, respectively 111 110
Treasury stock, at cost, 60.5 million and 53.9 million shares, respectively (3,040,416) (2,453,473)
Additional paid-in capital 896,605 859,904
Retained earnings 3,480,638 3,561,836
Accumulated other comprehensive loss (43,655) (132,645)
Total stockholders’ equity 1,293,283 1,835,732
Total liabilities and stockholders’ equity $ 4,174,750 $ 4,812,153