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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net earnings $ 73,865 $ 1,316 $ 60,711
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 80,414 84,859 85,543
Other income from Navitor (see Note 4) 0 0 (12,888)
Intangible asset impairment charges 0 20,189 0
Amortization of deferred financing costs and debt discount 0 532 2,112
Realized gains from sales of marketable securities (9) 0 (14)
Amortization of premium/discount on marketable securities 1,823 (122) 3,233
Change in fair value of contingent consideration (6,110) (1,517) (510)
Share-based compensation expense 27,755 26,759 17,568
Deferred income tax benefit (20,136) (25,714) (26,324)
Inventory valuation write-down 8,876 8,023 10,442
Other noncash adjustments, net 7,525 5,897 1,196
Changes in operating assets and liabilities:      
Accounts receivable 2,078 18,765 (16,366)
Inventories 15,806 6,110 (17,858)
Prepaid expenses and other assets (19,352) (334) 12,303
Accrued product returns and rebates 14,431 2,609 18,941
Accounts payable and other liabilities (15,015) (36,287) (19,163)
Payment of contingent consideration 0 0 (2,100)
Net cash provided by operating activities 171,951 111,085 116,826
Cash flows from investing activities      
Purchases of marketable securities (688,013) (101,621) (406,990)
Maturities of marketable securities 498,871 370,901 190,739
Purchases of property and equipment (725) (551) (412)
Net cash provided by (used in) investing activities (189,867) 268,729 (216,663)
Cash flows from financing activities      
Proceeds from Credit Line 0 93,000 0
Payments on Credit Line 0 (93,000) 0
Payment on convertible notes 0 (402,500) 0
Proceeds from issuance of common stock 14,908 6,610 12,423
Employee taxes paid related to net share settlement of equity awards (2,715) (1,990) 0
Payment of contingent consideration 0 0 (22,900)
Net cash provided by (used in) financing activities 12,193 (397,880) (10,477)
Net change in cash and cash equivalents (5,723) (18,066) (110,314)
Cash and cash equivalents at beginning of year 75,054 93,120 203,434
Cash and cash equivalents at end of year 69,331 75,054 93,120
Supplemental cash flow information      
Cash paid for income taxes 53,254 36,602 16,200
Cash paid for interest on debt 0 1,946 2,516
Noncash investing and financing activities      
Property and equipment additions from utilization of tenant improvement allowance $ 0 $ 0 $ 580