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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 282,320 $ 249,080
Accounts receivable, net of allowance of $4,911 and $3,824, respectively 309,719 332,152
Inventories 165,639 161,964
Prepaid expenses and other 91,259 89,085
Total current assets 848,937 832,281
Property, plant and equipment, net 26,677 27,893
Goodwill 402,501 435,591
Other intangible assets, net 307,591 354,389
Deferred income tax assets 13,369 15,870
Other assets 52,447 40,717
Total assets 1,651,522 1,706,741
Current liabilities    
Accounts payable 112,489 119,498
Accrued expenses and other 57,265 70,211
Accrued warranty reserve 1,639 2,790
Income tax payable 3,368 5,754
Deferred revenue 90,982 66,488
Current portion of contingent consideration 1,918 1,427
Current portion of debt 29,221 21,472
Other current liabilities 40,697 48,051
Total current liabilities 337,579 335,691
Deferred income tax liabilities 54,512 66,858
Contingent consideration, net of current portion 6,786 8,936
Other long-term liabilities 18,613 20,428
Long-term warranty 4,035 3,372
Long-term debt, net of current portion 651,522 660,948
Total liabilities 1,073,047 1,096,233
Commitments and contingencies (Note 11)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value; 500,000 authorized; 446,541 and 432,759 shares issued as of June 30, 2024 and December 31, 2023, respectively; liquidation preference of $493.1 million at both dates 378,512 351,260
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; 151,875,097 and 151,242,120 shares issued at respective dates 151 151
Additional paid-in capital 320,379 344,517
Accumulated deficit (102,367) (130,230)
Accumulated other comprehensive income (18,200) 44,810
Total stockholders’ equity 199,963 259,248
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,651,522 $ 1,706,741