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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net income $ 49,438 $ 36,545  
Adjustments to reconcile net income to cash flows provided by (used in) operating activities:      
Depreciation and amortization 29,542 32,689  
Stock-based compensation expense 4,933 4,327  
Loss on extinguishment of debt 8,053 0  
Other non-cash items 2,181 1,107  
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable, net (149,644) (131,059)  
Inventories, net 39,121 32,892  
Prepaid expenses and other assets 5,800 (2,392)  
Accounts payable, trade 30,005 12,038  
Accrued expenses and other liabilities 23,289 6,199  
Net cash flows provided by (used in) operating activities 42,718 (7,654)  
Cash flows from investing activities:      
Capital expenditures (9,038) (8,608)  
Acquisition of business (29,579) 0  
Other investing activities (3,423) 173  
Net cash flows used in investing activities (42,040) (8,435)  
Cash flows from financing activities:      
Vesting of stock-based awards, net of shares tendered for payment of taxes (4,813) (9,040)  
Proceeds from revolving credit facility 0 86,248  
Repayments under revolving credit facility (19,261) (76,927)  
Proceeds from term loan borrowings 391,000 0  
Repayments under term loan and other borrowings (280,093) (5)  
Proceeds from issuance of convertible notes 448,500 0  
Repurchase of convertible notes (368,920) 0  
Purchases of convertible note hedge contracts (67,574) 0  
Proceeds from issuance of warrants concurrent with note hedge contracts 27,600 0  
Partial unwind of convertible note hedge and warrants 1,378 0  
Payment of debt issuance costs (3,122) 0  
Payment of dividends (29,352) (26,721)  
Payments for Repurchase of Common Stock (28,255) 0  
Other financing activities (217) (2)  
Net cash flows provided by (used in) financing activities 66,871 (26,447)  
Effect of exchange rate changes on cash and cash equivalents (2,062) (996)  
Net increase (decrease) in cash and cash equivalents 65,487 (43,532)  
Cash and cash equivalents at end of period 231,243 22,625 $ 165,756
Cash and cash equivalents at beginning of period 165,756 66,157 $ 66,157
Supplemental disclosure of cash flow information:      
Interest 7,218 7,391  
Income taxes, net of refunds 94 359  
Purchase of property and equipment in accrued expenses $ 993 $ 407