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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income $ 130,574 [1] $ 61,478
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,439 25,624
Amortization of debt issuance costs 57 32
Amortization of right of use assets 166 191
(Recoveries of) provision for credit losses on accounts receivable, net of adjustments (92) 300
Provision for excess and obsolete inventories, net of write-offs 2,979 1,380
Share-based compensation 12,102 10,229
Loss (gain) on disposal of assets (13) (12)
Foreign currency transaction loss 0 42
Interest income on note receivable (15) (17)
Deferred (3,917) (563)
Changes in assets and liabilities:    
Accounts receivable (32,040) (63,593)
Income taxes (12,472) 3,782
Inventories (18,547) (47,998)
Contract assets (10,155) (3,843)
Prepaid expenses and other (896) (70)
Accounts payable (15,631) 18,616
Contract liabilities (1,848) 24,249
Extended warranties 2,049 730
Accrued liabilities and other long-term liabilities 21,405 12,857
Net cash provided by operating activities 107,145 43,414
Investing Activities    
Capital expenditures (82,900) (41,586)
Cash paid for building (Note 18) 0 (22,000)
Cash paid in business combination, net of cash acquired 0 (249)
Proceeds from sale of property, plant and equipment 129 12
Principal payments from note receivable 39 41
Net cash used in investing activities (82,732) (63,782)
Financing Activities    
Proceeds from financing obligation, net of issuance costs 6,061 0
Payment related to financing costs (398) 0
Borrowings under revolving credit facility 444,072 151,103
Payments under revolving credit facility (436,656) (114,812)
Principal payments on financing lease 0 (115)
Stock options exercised 25,251 10,990
Repurchase of stock (25,009) (7,943)
Employee taxes paid by withholding shares (1,202) (978)
Cash dividends paid to stockholders 19,946 10,096
Net cash (used in) provided by financing activities (7,827) 28,149
Net increase in cash, cash equivalents and restricted cash 16,586 7,781
Cash, cash equivalents and restricted cash, beginning of period 5,949 3,487
Cash, cash equivalents and restricted cash, end of period $ 22,535 $ 11,268
[1] 1 Reflects three-for-two stock split effective August 16, 2023