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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 174,010 $ 133,901
Accounts receivable, net of allowance of $1,418 and $1,888, respectively 427,664 421,183
Inventories 216,018 233,159
Income tax receivables 367 3,532
Prepaid expenses and other 45,029 39,434
Total current assets 863,088 831,209
Property, plant and equipment, net 29,521 23,174
Goodwill 426,541 416,184
Other intangible assets, net 353,923 386,364
Deferred income tax assets 0 16,466
Derivative assets 64,130 0
Other assets 41,554 32,655
Total assets 1,778,757 1,706,052
Current liabilities:    
Accounts payable 171,730 170,430
Accrued expenses and other 72,638 54,895
Accrued warranty reserve 2,506 3,690
Income tax payable 6,143 6,881
Deferred revenue 100,757 178,922
Current portion of contingent consideration 1,814 1,200
Current portion of debt 38,767 38,691
Other current liabilities 6,155 10,553
Total current liabilities 400,510 465,262
Deferred income tax liabilities 69,928 72,606
Contingent consideration, net of current portion 7,805 7,387
Other long-term liabilities 21,820 14,808
Long-term warranty 3,421 1,786
Long-term debt, net of current portion 658,879 720,352
Total liabilities 1,162,363 1,282,201
Commitments and contingencies (Note 11)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 425,956 and 406,389 shares issued as of September 30, 2023 and December 31, 2022, respectively; liquidation preference of $493.1 million and $493.1 million at respective dates 337,929 299,570
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; 151,071,429 and 150,513,104 shares issued at respective dates 151 150
Additional paid-in capital 407,916 383,176
Accumulated deficit (153,316) (267,470)
Accumulated other comprehensive income 23,714 8,425
Total stockholders’ equity 278,465 124,281
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,778,757 $ 1,706,052