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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:          
Net income $ 32,520 $ 15,611 $ 55,924 $ 29,818  
Adjustments to reconcile net income to net cash flows from operating activities:          
Provision for credit losses on accounts receivable 100 100 357 616  
Reserve for product returns     2,022 2,498  
Provision for credit losses on notes receivable     3,996 0  
Inventory write-down     0 1,181 $ 1,400
Amortization on patents and tooling     417 637  
Amortization and depreciation 7,080 7,860 14,417 15,533  
Amortization of debt issuance costs     1,811 1,570  
Amortization of operating leases     5,953 5,621  
Deferred income taxes     (24,992) (36,870)  
Change in fair value of contingent liability     44 27  
Stock-based compensation     22,481 24,617  
Loss from investment in unconsolidated entity     23 0  
Changes in operating assets and liabilities (net of business acquisitions):          
Accounts receivable     4,668 (583)  
Inventory     16,484 (523)  
Other current and non-current assets     601 432  
Accounts payable, accrued expenses and other current liabilities     (30,437) (4,696)  
Deferred revenue     3,022 3,105  
Operating lease liabilities     (6,751) (6,796)  
Other liabilities     2,776 (2,920)  
Cash flows from operating activities     72,816 33,267  
Cash flows used in investing activities:          
Business acquisition, net of cash acquired     0 (9,696)  
Additions to property and equipment     (5,058) (3,393)  
Issuances of notes receivable     (500) (300)  
Receipt of payments on notes receivable     26 28  
Capitalized software development costs     (632) (115)  
Purchase of investment in unconsolidated entities     (2,950) (200)  
Purchases of other intangible assets     (45) (5,915)  
Cash flows used in investing activities     (9,159) (19,591)  
Cash flows from / (used in) financing activities:          
Proceeds from issuance of convertible senior notes     500,000 0  
Payments of debt issuance costs     (13,946) 0  
Purchases of capped calls related to convertible senior notes     (63,050) 0  
Payments of deferred consideration for acquisitions     (4,569) (1,655)  
Purchases of treasury stock, including transaction costs     (75,000) (6,726)  
Payments of tax withholdings related to vesting of restricted stock units (3,400) 0 (3,401) 0  
Purchases of redeemable noncontrolling interest     0 (832)  
Payments of acquired debt     0 (389)  
Issuances of common stock from equity-based plans     6,734 1,513  
Cash flows from / (used in) financing activities     346,768 (8,089)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (133) (124)  
Net increase in cash, cash equivalents and restricted cash     410,292 5,463  
Cash, cash equivalents and restricted cash at beginning of the period     701,079 622,879 622,879
Cash, cash equivalents and restricted cash at end of the period 1,111,371 628,342 1,111,371 628,342 701,079
Reconciliation of cash, cash equivalents and restricted cash:          
Cash and cash equivalents 1,104,539 627,041 1,104,539 627,041 696,983
Restricted cash included in other current assets and other assets 6,832 1,301 6,832 1,301  
Total cash, cash equivalents and restricted cash $ 1,111,371 $ 628,342 $ 1,111,371 $ 628,342 $ 701,079