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Note 6 - Segment Reporting - Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Sales $ 942,121 $ 889,273  
Costs of goods sold 570,135 572,894  
Elimination of intersegment cost of goods sold 371,986 316,379  
Operating expenses 288,348 249,510  
Other segment items (1) [1] (65,908) (60,364)  
Adjusted EBITDA by reportable segment 149,546 127,233  
Interest expense (17,110) (23,605)  
Depreciation and amortization (46,141) (41,902)  
Non-cash write-down and other adjustments (2) [2] 13 (510)  
Non-cash share-based compensation expense (3) [3] (11,608) (12,440)  
Transaction costs and credit facility fees (4) [4] (760) (1,425)  
Business optimization and other charges (5) [5] (1,575) (486)  
Provision for legal, regulatory, and other matters (6) [6] (3,751) (2,535)  
Change in fair value of investment (7) [7] (9,947) (6,019)  
Other (153) 200  
Income before provision for income taxes 58,514 38,511  
Assets 5,060,454   $ 5,109,331
Depreciation and Amortization 46,141 41,902  
Capital expenditures 30,937 26,820  
External Net Sales [Member]      
Sales 942,121 889,273  
Intersegment Sales [Member]      
Sales 25,756 17,908  
Domestic [Member]      
Sales 774,642 712,337  
Assets 3,753,902   3,873,904
Depreciation and Amortization 37,821 34,148  
Capital expenditures 28,297 24,166  
International [Member]      
Sales 167,479 176,936  
Assets 1,306,552   $ 1,235,427
Depreciation and Amortization 8,320 7,754  
Capital expenditures 2,640 2,654  
Operating Segments [Member]      
Sales 967,877 907,181  
Costs of goods sold 595,891 590,802  
Operating Segments [Member] | Domestic [Member]      
Sales 782,336 720,473  
Costs of goods sold 460,972 455,321  
Operating expenses 254,709 215,648  
Other segment items (1) [1] (55,858) (49,671)  
Adjusted EBITDA by reportable segment 122,513 99,175  
Operating Segments [Member] | Domestic [Member] | External Net Sales [Member]      
Sales 774,642 712,337  
Operating Segments [Member] | Domestic [Member] | Intersegment Sales [Member]      
Sales 7,694 8,136  
Operating Segments [Member] | International [Member]      
Sales 185,541 186,708  
Costs of goods sold 134,919 135,481  
Operating expenses 33,639 33,862  
Other segment items (1) [1] (10,050) (10,693)  
Adjusted EBITDA by reportable segment 27,033 28,058  
Operating Segments [Member] | International [Member] | External Net Sales [Member]      
Sales 167,479 176,936  
Operating Segments [Member] | International [Member] | Intersegment Sales [Member]      
Sales 18,062 9,772  
Intersegment Eliminations [Member]      
Elimination of intersegment cost of goods sold (25,756) (17,908)  
Intersegment Eliminations [Member] | Intersegment Sales [Member]      
Sales $ (25,756) $ (17,908)  
[1] Other segment items primarily represent depreciation and amortization and the following items defined below: Non-cash write-down and other adjustments; Non-cash shared-based compensation expense; Transaction costs and credit facility fees; Business optimization and other charges; and Provision for legal, regulatory, and clean energy product charges.
[2] Includes gains (losses) on dispositions of assets other than in the ordinary course of business, gains (losses) on sales of certain investments, unrealized mark-to-market adjustments on commodity contracts, certain foreign currency related adjustments, and certain purchase accounting and contingent consideration adjustments.
[3] Represents share-based compensation expense to account for stock options, restricted stock, and other stock awards over their respective vesting periods.
[4] Represents transaction costs incurred directly in connection with any investment, as defined in the Company's credit agreement, equity issuance or debt issuance or refinancing, together with certain fees relating to the Company's senior secured credit facilities, such as administrative agent fees and credit facility commitment fees under the Company's Amended Credit Agreement.
[5] Represents severance and other restructuring charges related to the consolidation of certain operating facilities and organizational functions.
[6] Represents the following litigation, regulatory, and other matters that are not indicative of our ongoing operations: • A provision for judgments, settlements, and legal expenses related to certain patent lawsuits - $1,492 in the first quarter of 2025 and $2,170 in the first quarter of 2024. • Legal expenses related to certain class action lawsuits - $1,343 in the first quarter of 2025. • Legal expenses related to certain government inquiries and other significant matters - $916 in the first quarter of 2025. • Additional customer support costs related to a clean energy product customer that filed for bankruptcy in 2022 – $365 in the first quarter of 2024.
[7] Represents non-cash losses from changes in the fair value of the Company's investment in Wallbox warrants and equity securities.