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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 147,756 $ 133,901
Accounts receivable, net 414,712 421,183
Inventories 254,624 233,159
Income tax receivables 3,163 3,532
Prepaid expenses and other 46,381 39,434
Total current assets 866,636 831,209
Property, plant and equipment, net 25,864 23,174
Goodwill 428,173 416,184
Other intangible assets, net 379,374 386,364
Deferred income tax assets 0 16,466
Derivative assets 63,320 0
Other assets 30,802 32,655
Total assets 1,794,169 1,706,052
Current liabilities    
Accounts payable 200,585 170,430
Accrued expenses and other 58,795 54,895
Accrued warranty reserve 1,443 3,690
Income tax payable 11,833 6,881
Deferred revenue 151,343 178,922
Current portion of contingent consideration 1,811 1,200
Current portion of debt 34,382 38,691
Other current liabilities 10,393 10,553
Total current liabilities 470,585 465,262
Deferred income tax liabilities 73,051 72,606
Contingent consideration, net of current portion 6,914 7,387
Other long-term liabilities 13,939 14,808
Long-term warranty 4,469 1,786
Long-term debt, net of current portion 705,827 720,352
Total liabilities 1,274,785 1,282,201
Commitments and contingencies (Note 12)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 412,739 and 406,389 shares issued as of March 31, 2023 and December 31, 2022, respectively; liquidation preference of $412.7 million and $406.4 million at respective dates 312,054 299,570
Stockholders’ equity    
Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued at respective dates 0 0
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 150,822,974 and 150,513,104 shares issued at respective dates 150 150
Additional paid-in capital 426,221 383,176
Accumulated deficit (241,338) (267,470)
Accumulated other comprehensive income 22,297 8,425
Total stockholders’ equity 207,330 124,281
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,794,169 $ 1,706,052