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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 49,685 $ 15,551
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 8,211 8,222
Amortization of deferred debt issuance costs 2,813 3,012
Amortization 27,666 27,777
Stock-based compensation 13,214 12,148
Deferred income taxes 3,106 (607)
Non-cash adjustments to fair value of contingent consideration liability (15,219) 3,799
Increase (decrease) in cash flows from changes in assets and liabilities:    
Accounts receivable 6 (35,184)
Inventories (5,795) 4,468
Accounts payable 13,300 4,453
Accrued compensation and benefits (13,970) (253)
Other assets (7,586) (11,907)
Other liabilities (3,004) (8,653)
Net cash provided by operating activities 72,427 22,826
Cash flows from investing activities:    
Purchases of property, plant and equipment (5,625) (8,783)
Other 0 (1,000)
Net cash used in investing activities (5,625) (9,783)
Cash flows from financing activities:    
Payments on revolving line of credit (398,000) (347,000)
Proceeds from revolving line of credit 458,000 331,000
Payments to redeem convertible notes (70,000) 0
Payments related to contingent consideration (39,429) 0
Dividends paid on common stock (12,311) (12,208)
Other, net 641 13,771
Net cash used in financing activities (61,099) (14,437)
Effect of exchange rate changes on cash and cash equivalents (1,130) 300
Net increase (decrease) in cash and cash equivalents 4,573 (1,094)
Cash and cash equivalents at beginning of period 24,296 28,942
Cash and cash equivalents at end of period 28,869 27,848
Non-cash financing activities:    
Dividends payable $ 6,163 $ 6,145