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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income (loss) $ 182,557 $ 53,411
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 40,979 42,013
Non-cash operating lease expense 11,481 12,197
Stock-based compensation 32,067 20,531
Amortization of prepaid debt fees 3,669 2,761
Deferred taxes, net (17,509) 1,938
Loss on sale of business 656 675
Restructuring, non-cash (171) 910
Other adjustments, net (838) (318)
Changes in operating assets and liabilities, net of acquisition and sale of business:    
Accounts receivable (31,169) (37,832)
Inventories 5,532 (48,280)
Other current assets 4,102 (43,240)
Other long-term assets (1,391) 3,392
Accounts payable, other current liabilities, and taxes payable (39,054) 220
Wages and benefits payable (18,010) 17,361
Unearned revenue 33,453 38,619
Warranty (476) (2,177)
Restructuring (19,816) 23,966
Other operating, net (27,736) (9,071)
Net cash provided by operating activities 158,326 77,076
Investing activities    
Net proceeds (payments) related to the sale of business 405 (772)
Acquisitions of property, plant, and equipment (20,878) (18,304)
Business acquisitions, net of cash and cash equivalents acquired (34,126) 0
Other investing, net 212 73
Net cash used in investing activities (54,387) (19,003)
Financing activities    
Proceeds from borrowings 805,000 0
Issuance of common stock 4,317 2,366
Payments on call spread for convertible offering (108,997) 0
Repurchase of common stock (100,000) 0
Prepaid debt fees (21,617) (517)
Other financing, net (2,618) (4,488)
Net cash provided by (used in) financing activities 576,085 (2,639)
Effect of foreign exchange rate changes on cash and cash equivalents 434 (2,670)
Increase in cash and cash equivalents 680,458 52,764
Cash and cash equivalents at beginning of period 302,049 202,007
Cash and cash equivalents at end of period 982,507 254,771
Supplemental disclosure of cash flow information:    
Income taxes, net 59,212 29,031
Interest $ 4,062 $ 1,578