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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 40,995 $ 30,147
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,496 29,292
Gain on disposition of business (12,502)  
Share of equity investee loss 531  
Loss on sale or abandonment of property and equipment 67 87
Write-off of certain intangible assets and other long-term assets 137 32
Amortization of right-of-use operating lease assets 2,854 2,984
Fair value adjustments related to contingent consideration liabilities (179) 1,023
Amortization of deferred credits (26) (26)
Amortizationof long-term debt issuance costs 1,414 1,414
Stock-based compensation expense 8,961 9,078
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Trade receivables (3,577) (7,560)
Other receivables 2,067 (284)
Inventories (22,655) (10,599)
Prepaid expenses and other current assets 1,886 2,041
Income tax refund receivables 188 2,143
Other assets (723) (176)
Trade payables 4,493 4,453
Accrued expenses (33,269) (20,747)
Income taxes payable 7,459 1,918
Deferred compensation payable (169) (580)
Operating lease liabilities (2,766) (3,335)
Other long-term obligations 14,999 (733)
Total adjustments (314) 10,425
Net cash, cash equivalents, and restricted cash provided by operating activities 40,681 40,572
Capital expenditures for:    
Property and equipment (16,009) (21,061)
Intangible assets (757) (457)
Proceeds from asset and business dispositions 25,500  
Cash paid for notes receivable and other investments   (7,117)
Cash paid in acquisitions, net of cash acquired (1,000) (1,000)
Net cash, cash equivalents, and restricted cash provided by (used in) investing activities 7,734 (29,635)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 2,775 13,152
Contingent payments related to acquisitions (2,142) (52)
Payment of taxes related to an exchange of common stock (6,922) (6,145)
Net cash, cash equivalents, and restricted cash (used in) provided by financing activities (6,289) 6,955
Effect of exchange rates on cash, cash equivalents, and restricted cash (426) 936
Net increase in cash, cash equivalents and restricted cash 41,700 18,828
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 448,549 378,767
End of period 490,249 397,595
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 488,080 395,529
Restricted cash reported in prepaid expenses and other current assets $ 2,169 $ 2,066
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 $ 490,249 $ 397,595
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $495 and $282, respectively) 10,718 12,361
Income taxes 4,382 3,784
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 6,061 3,813
Acquisition purchases in accrued expenses and other long-term obligations 2,943 4,020
Merit common stock surrendered (0 and 18 shares, respectively) in exchange for exercise of stock options   1,882
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 1,784 $ 24,871