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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
OPERATING ACTIVITIES:              
Net income $ 35,068 $ 45,394 $ (369) $ 9,180 $ 80,462 $ 8,811  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         58,968 58,826  
Non-cash impairment charges         2,754 0  
Deferred income tax (benefit) provision         (4,907) (401)  
Share-based compensation         22,033 8,922  
Amortization of debt issuance costs and expenses associated with debt refinancing         3,569 5,551  
Non-cash lease expense         2,528 1,760  
Accretion of bond issuance discount         0 6,780  
Loss on disposal of property and equipment         86 517  
Gain from the sale of business 679   0   (42,197) 0  
Change in fair value of contingent consideration and others         (385) (708)  
Changes in assets and liabilities:              
Accounts receivable         10,802 95,293  
Inventories         2,893 (47,041)  
Prepaid expenses and other current assets         (8,061) 2,191  
Other non-current assets         4,067 6,149  
Accounts payable, accrued expenses and other current liabilities         27,277 (88,671)  
Other non-current liabilities         482 (4,048)  
Net cash provided by operating activities         160,371 53,931  
INVESTING ACTIVITIES:              
Purchases of property and equipment         (13,309) (23,736)  
Proceeds from sale of Extremity Orthopedics business         191,736 0  
Proceeds from sale of property and equipment         0 3,302  
Cash (paid) provided for business acquisitions, net of cash acquired         (303,910) 0  
Acquired in-process research and development         0 (5,000)  
Net cash used in investing activities         (125,483) (25,434)  
FINANCING ACTIVITIES:              
Proceeds from borrowings of long-term indebtedness         2,200 127,700  
Payments on debt         (102,200) (388,500)  
Purchase of option hedge on convertible notes         0 (104,248)  
Proceeds from convertible notes issuance         0 575,000  
Proceeds from sale of stock purchase warrants         0 44,563  
Payment of debt issuance costs         (249) (20,264)  
Purchases of treasury stock         0 (100,000)  
Proceeds from exercised stock options         3,603 3,598  
Cash taxes paid in net equity settlement         (3,844) (4,397)  
Net cash (used) provided by financing activities         (100,490) 133,452  
Effect of exchange rate changes on cash and cash equivalents         (7,150) 121  
Net increase in cash and cash equivalents         (72,752) 162,070  
Cash and cash equivalents at beginning of period   $ 470,166   $ 198,911 470,166 198,911 $ 198,911
Cash and cash equivalents at end of period $ 397,414   $ 360,981   $ 397,414 $ 360,981 $ 470,166