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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 40,948 $ 25,843
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,316 40,902
Loss on disposition of business   1,254
Loss on sale or abandonment of property and equipment 4,677 112
Write-off of certain intangible assets and other long-term assets 328 1,733
Acquired in-process research and development 1,550 6,671
Amortization of right-of-use operating lease assets 5,935 5,121
Adjustments related to contingent consideration liabilities 1,615 1,999
Amortization of deferred credits (52) (54)
Amortization of long-term debt issuance costs 462 302
Stock-based compensation expense 9,549 9,093
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Trade receivables (5,980) (9,472)
Other receivables 287 6,457
Inventories (35,502) (14,766)
Prepaid expenses and other current assets 78 (2,155)
Income tax refund receivables (3,577) (4)
Other assets (1,558) 1,768
Trade payables (7,253) 3,713
Accrued expenses (10,295) (20,966)
Income taxes payable (4,896) 1,114
Deferred compensation payable 1,154 (2,549)
Operating lease liabilities (5,711) (5,609)
Other long-term obligations (2,244) 287
Total adjustments (9,117) 24,951
Net cash, cash equivalents, and restricted cash provided by operating activities 31,831 50,794
Capital expenditures for:    
Property and equipment (18,556) (16,763)
Intangible assets (1,047) (912)
Proceeds from the sale of property and equipment 201 59
Payments from disposition of business   (971)
Cash paid in acquisitions, net of cash acquired (138,349) (4,712)
Net cash, cash equivalents, and restricted cash used in investing activities (157,751) (23,299)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 9,463 3,244
Proceeds from issuance of long-term debt 460,283 127,688
Payments on long-term debt (318,471) (124,563)
Long-term debt issuance costs (5,240)  
Contingent payments related to acquisitions (3,434) (32,798)
Payment of taxes related to an exchange of common stock (1,592) (1,015)
Net cash, cash equivalents, and restricted cash provided by (used in) financing activities 141,009 (27,444)
Effect of exchange rates on cash, cash equivalents, and restricted cash (1,497) (2,564)
Net increase (decrease) in cash, cash equivalents and restricted cash 13,592 (2,513)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 60,558 67,750
End of period 74,150 65,237
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 72,084 63,003
Restricted cash reported in prepaid expenses and other current assets $ 2,066 $ 2,234
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration] Prepaid Expense and Other Assets, Current Prepaid Expense and Other Assets, Current
Total cash, cash equivalents and restricted cash $ 74,150 $ 65,237
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $597 and $302, respectively) 3,681 2,317
Income taxes 17,787 7,863
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 4,291 3,555
Acquisition purchases in accrued expenses and other long-term obligations 3,635 3,526
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 3,399 $ 4,746