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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 348,324 $ 362,992
Restricted cash 1,169 1,149
Accounts receivable, net of allowance of $6,601 and $4,848, respectively 282,575 275,838
Inventories, net 186,875 200,818
Prepaid expenses and other 157,348 157,927
Total current assets 976,291 998,724
Property, plant and equipment, net 28,740 26,222
Goodwill 164,221 160,189
Other intangible assets, net 176,347 181,409
Deferred income tax assets 16,049 17,754
Other assets 64,110 41,701
Total assets 1,425,758 1,425,999
Current liabilities    
Accounts payable 153,781 172,368
Accrued expenses and other 77,576 91,183
Accrued warranty reserve 2,045 2,063
Income tax payable 8,734 5,227
Deferred revenue 120,225 119,775
Current portion of contingent consideration 2,528 1,193
Current portion of debt 34,472 30,714
Other current liabilities 9,132 15,291
Total current liabilities 408,493 437,814
Deferred income tax liabilities 21,634 21,398
Contingent consideration, net of current portion 5,179 7,868
Other long-term liabilities 17,311 18,684
Long-term warranty 5,021 4,830
Long-term debt, net of current portion 644,520 646,570
Total liabilities 1,102,158 1,137,164
Commitments and contingencies (Note 11)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value; 500,000 authorized; 468,122 and 460,920 shares issued as of March 31, 2025 and December 31, 2024, respectively; liquidation preference of $493.1 million at both dates 421,374 406,931
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; 152,512,805 and 151,951,652 shares issued at respective dates 151 151
Additional paid-in capital 286,079 297,780
Accumulated deficit (353,878) (370,624)
Accumulated other comprehensive income (30,126) (45,403)
Total stockholders’ equity (97,774) (118,096)
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,425,758 $ 1,425,999