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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Net (loss) income $ (52,235,000) $ (240,394,000) $ 137,240,000
Adjustments to net (loss) income:      
Goodwill impairment 102,560,000 236,000,000 0
Impairment of long-lived assets 0 91,904,000 0
Provision for credit losses 912,000 2,058,000 2,527,000
Deferred tax expense (benefit) 3,195,000 (37,650,000) (8,862,000)
Depreciation and amortization 29,768,000 38,221,000 40,268,000
Amortization of developed technology and backlog 17,520,000 14,558,000 14,558,000
Amortization of debt discount and issuance costs 5,216,000 6,087,000 10,570,000
Gain on extinguishment of debt, net (14,207,000) 0 0
Gain on debt refinancing 0 0 (457,000)
Equity-based compensation 15,571,000 10,349,000 14,540,000
Change in fair value of contingent consideration 177,000 125,000 2,964,000
Warranty provision 17,273,000 3,163,000 4,666,000
Inventory Valuation Reserves 3,515,000 2,923,000 6,431,000
Inventory reserve 29,516,000 0 0
Other non-cash (2,032,000) 0 0
Changes in operating assets and liabilities, net of business acquisition:      
Accounts receivable 31,008,000 41,423,000 92,800,000
Inventories 52,852,000 (44,787,000) 66,743,000
Income tax receivables (6,849,000) (4,112,000) 9,000
Prepaid expenses and other (25,844,000) (69,708,000) (10,840,000)
Accounts payable (35,868,000) 58,180,000 (37,654,000)
Accrued expenses and other (54,136,000) (436,000) 5,325,000
Income tax payable (540,000) (863,000) 1,936,000
Lease liabilities 2,202,000 (8,624,000) 1,177,000
Deferred revenue 489,000 55,563,000 (111,986,000)
Other operating assets and liabilities (18,278,000) 0 0
Net cash provided by operating activities 101,785,000 153,980,000 231,955,000
Investing activities:      
Purchase of property, plant and equipment (21,972,000) (7,305,000) (16,989,000)
Acquisition, net of cash acquired (164,916,000) 0 0
Retirement/disposal of property, plant and equipment 0 34,000 168,000
Cash payments for the acquisition of right-of-use assets 0 (11,276,000) 0
Investment in securities (1,000,000) (3,000,000) 0
Sale of equity investment 0 11,975,000 0
Net cash used in investing activities (187,888,000) (9,572,000) (16,821,000)
Financing activities:      
Proceeds from issuance of other debt 151,151,000 93,059,000 63,311,000
Proceeds from issuance of convertible notes 345,000,000 0 0
Premium paid on capped call (35,087,000) 0 0
Fees paid on issuance of convertible notes (10,434,000) 0 0
Repayments of other debt (174,392,000) (97,424,000) (88,063,000)
Repayments of term loan facility (233,875,000) (4,300,000) (74,300,000)
Repayments of convertible notes (78,363,000) 0 0
Contingent consideration payments (1,204,000) (1,427,000) (1,200,000)
Other financing (849,000) (1,752,000) (1,509,000)
Net cash used in financing activities (38,053,000) (11,844,000) (101,761,000)
Effect of exchange rate changes on cash and cash equivalent balances 5,999,000 (17,503,000) 1,806,000
Net change in cash and cash equivalents (118,157,000) 115,061,000 115,179,000
Cash and cash equivalents and restricted cash, beginning of period 364,141,000 249,080,000 133,901,000
Cash and cash equivalents and restricted cash, end of period $ 245,984,000 $ 364,141,000 $ 249,080,000