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Condensed Consolidated Statements of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2025
USD ($)
Cash flows from operating activities:  
Net loss $ (27,206,000)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization 44,990,000
Goodwill impairment 0
Amortization of debt issuance cost 639,000
Gain on investments, net (1,506,000)
Net loss on disposal of property, plant and equipment 24,000
Stock-based compensation expense 5,888,000
Deferred income taxes 1,189,000
Inventory reserves 9,176,000
Changes in operating assets and liabilities:  
Accounts receivable, net 25,754,000
Other receivables 1,416,000
Income taxes receivable, net (2,349,000)
Inventory 29,594,000
Prepaid expenses, other current assets and other assets 6,095,000
Accounts payable (6,242,000)
Accrued expenses and other liabilities (11,305,000)
Income taxes payable (816,000)
Net cash provided by operating activities 75,341,000
Cash flows from investing activities:  
Purchases of property, plant and equipment (12,084,000)
Purchases of intangibles - developed technology (20,444,000)
Proceeds from sales and maturities of available-for-sale investments 727,000
Purchases of available-for-sale investments (243,000)
Payments for beneficial interest in securitized accounts receivable (49,000)
Net cash used in investing activities (32,093,000)
Cash flows from financing activities:  
Tax withholdings related to stock-based compensation settlements (1,223,000)
Proceeds from stock option exercises 1,163,000
Proceeds from draw on revolving credit agreements 24,000,000
Repayment of revolving credit agreements (24,000,000)
Payment for redemption of redeemable non-controlling interest (19,363,000)
Payment of debt issuance cost (64,000)
Net cash used in financing activities (19,487,000)
Net increase in cash and cash equivalents 23,761,000
Effect of exchange rate changes 6,489,000
Cash and cash equivalents, beginning of period 76,021,000
Cash and cash equivalents, end of period 106,271,000
Supplemental disclosure of cash financing activities:  
Cash paid for interest 8,049,000
Cash paid for income taxes, net of refunds 4,155,000
Cash used in operating activities related to operating leases 5,236,000
Supplemental disclosure of non-cash investing activities:  
Redemption of redeemable non-controlling interest 1,491,000
Right-of-use assets obtained in exchange for lease obligations 3,538,000
Purchases of property, plant and equipment included in accounts payable $ 1,450,000