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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
OPERATING ACTIVITIES:              
Net income $ 49,915 $ 32,901 $ 43,229 $ 45,394 $ 127,604 $ 123,691  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         88,803 89,090  
Non-cash impairment charges         0 2,754  
Deferred income tax provision (benefit)         1,439 (13,498)  
Share-based compensation         21,994 29,778  
Amortization of debt issuance costs and expenses associated with debt refinancing         5,142 5,308  
Non-cash lease expense         3,040 3,099  
Loss on disposal of property and equipment         914 2,029  
Gain from the sale of businesses (644)   230   (644) (41,967)  
Change in fair value of contingent consideration and others         (19,481) (544)  
Changes in assets and liabilities:              
Accounts receivable         (23,870) 17,437  
Inventories         (24,443) (3,598)  
Prepaid expenses and other current assets         1,629 (11,696)  
Other non-current assets         9,575 5,900  
Accounts payable, accrued expenses and other current liabilities         (803) 33,858  
Contract liabilities         2,524 0  
Other non-current liabilities         (14,288) 1,509  
Net cash provided by operating activities         179,135 243,150  
INVESTING ACTIVITIES:              
Purchases of property and equipment         (27,887) (20,595)  
Proceeds from sale of property and equipment         0 3  
Proceeds from sale of businesses         23,960 190,468  
Acquired in-process research and development milestone         (4,742) 0  
Net proceeds from swaps designated as net investment hedges         4,909 76  
Cash paid for business acquisitions, net of cash acquired         0 (303,910)  
Net cash used in investing activities         (3,760) (133,958)  
FINANCING ACTIVITIES:              
Proceeds from borrowings of long-term indebtedness         34,250 13,450  
Payments on debt         (40,750) (114,250)  
Payment of debt issuance costs         0 (249)  
Purchases of treasury stock         (125,000) 0  
Proceeds from exercised stock options         1,592 6,588  
Cash taxes paid in net equity settlement         (24,346) (4,286)  
Net cash used in financing activities         (154,254) (98,747)  
Effect of exchange rate changes on cash and cash equivalents         (22,632) (10,380)  
Net decrease in cash and cash equivalents         (1,511) 65  
Cash and cash equivalents at beginning of period   $ 513,448   $ 470,166 513,448 470,166 $ 470,166
Cash and cash equivalents at end of period $ 511,937   $ 470,231   $ 511,937 $ 470,231 $ 513,448