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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:          
Net income (loss) $ (249,798) $ 21,119 $ (247,962) $ 128,634  
Adjustments to reconcile net income to cash flows from operating activities:          
Gain on sale of business 0 0 0 (176,162)  
Impairment of goodwill, fixed assets and other intangibles 78,875 0 80,714 25,114  
Unrealized losses on equity investments     0 28,077  
Depreciation and amortization 12,658 13,052 25,000 27,258  
Non-cash lease expense     12,508 13,055  
Stock-based compensation     4,812 15,126  
Inventory write-down     6,130 5,800  
Foreign currency losses (gains)     (254) 2,441  
Loss (gain) on disposal of assets     293 (72)  
Deferred taxes     165,952 (6,793)  
Changes in operating assets and liabilities:          
Accounts receivable, net     (10,007) (8,660)  
Inventories, net     (21,260) 10,909  
Prepaid expenses and other     12,728 6,251  
Other assets     (4,342) (7,356)  
Accounts payable     11,733 (6,824)  
Accrued expenses     (30,326) (20,334)  
Other liabilities     987 (280)  
Net cash provided by operating activities     6,706 36,184  
Cash flows from investing activities:          
Purchases of property and equipment     (19,352) (13,602)  
Purchases of investments     (573) 0  
Proceeds on investment sales     0 10,214  
Proceeds from sale of business, net     0 193,725  
Net cash (used in) provided by investing activities     (19,925) 190,337  
Cash flows from financing activities:          
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards     (4,136) (1,142)  
Payment of cash dividends     (5,786) (5,966)  
Repurchases of shares of common stock     (5,011) (5,012)  
Finance lease principal payments     (978) (1,120)  
Proceeds from debt     225,000 15,000  
Payments of debt     (235,000) (160,000)  
Payment of debt issuance costs     (1,369) 0  
Purchase of noncontrolling interest     (6,500) (1,498)  
Other, net       2,711  
Net cash used in financing activities     (33,780) (157,027)  
Effect of exchange rate changes on cash     (1,988) 7,782  
Net (decrease) increase in cash and cash equivalents     (48,987) 77,276  
Cash and cash equivalents, beginning of period     238,630 186,883 $ 186,883
Cash and cash equivalents, end of period $ 189,643 $ 264,159 $ 189,643 $ 264,159 $ 238,630