Balance Sheet Components

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance sheet details as of March 31, 2024 and December 31, 2023 are presented in the tables below:


	March 31, 2024		December 31, 2023

	(In thousands)
Inventories:
Raw materials	$	48,025	$	51,439
Work in process	4,689		1,327
Finished goods	50,752		57,333
Total inventories	$	103,466	$	110,099

Other current assets:
Funds held for customers, including restricted cash (1)	$	56,572	$	43,649

Net investment in sales-type leases, current portion	12,037		11,867
Prepaid income taxes	6,753		8,279
Other current assets (2)	23,629		7,714
Total other current assets	$	98,991	$	71,509

Other long-term assets:
External-use software development costs, net	$	63,540	$	66,659
Unbilled receivables, net	10,360		11,850
Deferred debt issuance costs	3,524		3,718
Other long-term assets	8,893		8,239
Total other long-term assets	$	86,317	$	90,466

Accrued liabilities:
Operating lease liabilities, current portion	$	10,549	$	10,518
Customer fund liabilities	56,572		43,649
Advance payments from customers	10,235		10,551
Rebate liabilities	53,857		51,277
Group purchasing organization fees	4,095		4,445
Taxes payable	4,716		2,191
Other accrued liabilities	27,163		26,645
Total accrued liabilities	$	167,187	$	149,276

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(1) Includes restricted cash of $37.6 million and $33.0 million as of March 31, 2024 and December 31, 2023, respectively.

(2) Includes deferred cost of sales of $15.3 million as of March 31, 2024.

The following table summarizes the changes in accumulated balances of other comprehensive income (loss), which consisted of foreign currency translation adjustments, for the three months ended March 31, 2024 and 2023:


	Three Months Ended March 31,
	2024		2023


	(In thousands)
Beginning balance	$	(13,432)	$	(17,087)
Other comprehensive income (loss)	(1,399)		1,479


Ending balance	$	(14,831)	$	(15,608)