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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (22,212) $ 13,054
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 47,040 45,010
Loss on sales and/or abandonment of property and equipment 370 803
Write-off of certain intangible assets and other long-term assets 7,820 594
Acquired in-process research and development   525
Amortization of right-of-use operating lease assets 6,339 5,874
Fair value adjustments to contingent consideration 5,240 3,181
Amortization of deferred credits (69) (70)
Amortization of long-term debt issuance costs 302 402
Stock-based compensation expense 6,205 4,289
Changes in operating assets and liabilities, net of effects from acquisitions:    
Trade receivables 15,292 (21,206)
Other receivables 643 445
Inventories 2,255 (5,138)
Prepaid expenses and other current assets (1,349) (1,052)
Prepaid income taxes   (45)
Income tax refund receivables (7,329) (3,980)
Other assets 128 (2,845)
Trade payables (3,872) 1,338
Accrued expenses 19,664 1,079
Income taxes payable 1,572 (2,059)
Deferred compensation payable (661) 1,518
Operating lease liabilities (6,177) (5,882)
Other long-term obligations 2,015 (145)
Total adjustments 95,428 22,636
Net cash provided by operating activities 73,216 35,690
Capital expenditures for:    
Property and equipment (25,803) (35,959)
Intangible assets (1,790) (1,607)
Proceeds from the sale of property and equipment 27 22
Cash received for settlement of current note receivable 250  
Cash paid in acquisitions, net of cash acquired (100) (37,256)
Net cash used in investing activities (27,416) (74,800)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 3,670 3,374
Proceeds from issuance of long-term debt 38,567 125,746
Payments on long-term debt (67,692) (120,746)
Contingent payments related to acquisitions (12,861) (611)
Payment of taxes related to an exchange of common stock (866)  
Net cash provided by (used in) financing activities (39,182) 7,763
EFFECT OF EXCHANGE RATES ON CASH (1,236) (830)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,382 (32,177)
CASH AND CASH EQUIVALENTS:    
Beginning of period 44,320 67,359
End of period 49,702 35,182
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $551 and $540, respectively) 5,937 5,794
Income taxes 3,808 8,856
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 1,970 3,331
Current note receivable converted to equity investment 899  
Acquisition purchases in accrued expenses and other long-term obligations   8,400
Merit common stock surrendered (39 and 0 shares, respectively) in exchange for exercise of stock options 1,467  
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 7,029 $ 2,927