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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 155,966 $ 133,901
Accounts receivable, net of allowance of $1,651 and $1,888, respectively 502,363 421,183
Inventories 206,857 233,159
Income tax receivables 312 3,532
Prepaid expenses and other 42,740 39,434
Total current assets 908,238 831,209
Property, plant and equipment, net 30,674 23,174
Goodwill 441,255 416,184
Other intangible assets, net 375,527 386,364
Deferred income tax assets 0 16,466
Derivative assets 64,014 0
Other assets 33,076 32,655
Total assets 1,852,784 1,706,052
Current liabilities:    
Accounts payable 188,633 170,430
Accrued expenses and other 61,156 54,895
Accrued warranty reserve 1,540 3,690
Income tax payable 16,711 6,881
Deferred revenue 114,810 178,922
Current portion of contingent consideration 1,809 1,200
Current portion of debt 37,450 38,691
Other current liabilities 12,844 10,553
Total current liabilities 434,953 465,262
Deferred income tax liabilities 74,902 72,606
Contingent consideration, net of current portion 7,620 7,387
Other long-term liabilities 16,117 14,808
Long-term warranty 4,415 1,786
Long-term debt, net of current portion 702,485 720,352
Total liabilities 1,240,492 1,282,201
Commitments and contingencies (Note 11)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 419,259 and 406,389 shares issued as of June 30, 2023 and December 31, 2022, respectively; liquidation preference of $419.3 million and $406.4 million at respective dates 324,838 299,570
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; 151,048,790 and 150,513,104 shares issued at respective dates 151 150
Additional paid-in capital 417,624 383,176
Accumulated deficit (176,530) (267,470)
Accumulated other comprehensive income 46,209 8,425
Total stockholders’ equity 287,454 124,281
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,852,784 $ 1,706,052