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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income $ 75,561 $ 143,869
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 58,838 45,185
Amortization of debt issuance costs 250 111
Amortization of right of use assets 118 133
Provision for credit losses on accounts receivable, net of adjustments 92 815
Provision for excess and obsolete inventories, net of write-offs 1,025 1,848
Provision for credit losses on contract assets, net of adjustments 200 0
Share-based compensation 13,421 12,814
Gain on disposal of assets (32) (19)
Deferred 23,035 (4,112)
Changes in assets and liabilities:    
Accounts receivable (118,896) (6,513)
Income taxes (21,393) (2,295)
Inventories (64,116) 33,953
Contract assets (71,919) (49,926)
Prepaid expenses and other long-term assets (771) (304)
Accounts payable 59,891 1,733
Contract liabilities 5,061 2,634
Extended warranties 431 1,249
Accrued liabilities and other long-term liabilities 20,420 10,512
Net cash (used in) provided by operating activities (18,784) 191,687
Investing Activities    
Capital expenditures (128,067) (99,371)
Proceeds from sale of property, plant and equipment 275 21
Acquisition of intangible assets (10,868) (14,436)
Principal payments from note receivable 37 38
Net cash used in investing activities (138,623) (113,748)
Financing Activities    
Borrowings of debt 658,458 410,503
Payments of debt (453,449) (393,154)
Proceeds from financing obligation, net of issuance costs 0 4,186
Payment related to financing costs (1,395) (417)
Stock options exercised 13,275 25,645
Cash dividends paid to stockholders 24,437 19,571
Net cash provided by (used in) financing activities 153,160 (80,297)
Net (decrease) increase in cash, cash equivalents and restricted cash (4,247) (2,358)
Cash, cash equivalents and restricted cash, beginning of period 6,514 9,023
Cash, cash equivalents and restricted cash, end of period 2,267 6,665
Repurchases of stock - open market    
Financing Activities    
Repurchase of stock 29,992 100,034
Repurchases of stock - LTIP plans (Note 17)    
Financing Activities    
Repurchase of stock $ 9,300 $ 7,455