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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 287,620 $ 249,080
Accounts receivable, net of allowance of $4,614 and $3,824, respectively 229,224 332,152
Inventories 178,695 161,964
Prepaid expenses and other 78,884 89,085
Total current assets 774,423 832,281
Property, plant and equipment, net 26,689 27,893
Goodwill 425,414 435,591
Other intangible assets, net 339,177 354,389
Deferred income tax assets 13,854 15,870
Other assets 49,726 40,717
Total assets 1,629,283 1,706,741
Current liabilities    
Accounts payable 93,404 119,498
Accrued expenses and other 34,449 70,211
Accrued warranty reserve 2,279 2,790
Income tax payable 7,030 5,754
Deferred revenue 86,558 66,488
Current portion of contingent consideration 1,888 1,427
Current portion of debt 22,496 21,472
Other current liabilities 35,558 48,051
Total current liabilities 283,662 335,691
Deferred income tax liabilities 62,880 66,858
Contingent consideration, net of current portion 6,313 8,936
Other long-term liabilities 19,260 20,428
Long-term warranty 3,474 3,372
Long-term debt, net of current portion 657,708 660,948
Total liabilities 1,033,297 1,096,233
Commitments and contingencies (Note 11)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value; 500,000 authorized; 439,596 and 432,759 shares issued as of March 31, 2024 and December 31, 2023, respectively; liquidation preference of $493.1 million at both dates 364,762 351,260
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; 151,726,568 and 151,242,120 shares issued at respective dates 151 151
Additional paid-in capital 333,570 344,517
Accumulated deficit (128,065) (130,230)
Accumulated other comprehensive income 25,568 44,810
Total stockholders’ equity 231,224 259,248
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,629,283 $ 1,706,741