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Supplemental Data | 12 Months Ended
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Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Data | Supplemental Data Supplemental Balance Sheet Data:
Summary of accrued expenses | December 31,
| 2024 |  | 2023 |  | 2022
(in thousands) | (As Restated) |  | (As Restated) |  | (As Restated)
Accrued payroll and fringe benefits | $ | 38,536 |  |  | $ | 41,182 |  |  | $ | 29,323 |
Accrued taxes | 17,074 |  |  | 16,172 |  |  | 14,345 |
Income taxes payable | 3,111 |  |  | 2,158 |  |  | 1,701 |
Accrued interest | 41,584 |  |  | 25,102 |  |  | 22,716 |
Accrued rebates and discounts | 12,298 |  |  | 9,868 |  |  | 8,948 |
Warranty payable | 1,121 |  |  | 1,258 |  |  | 1,347 |
Accrued inventory | 124,110 |  |  | 71,715 |  |  | 103,516 |
Customer deposits | 47,929 |  |  | 40,067 |  |  | 23,019 |
Deferred revenue | 8,284 |  |  | 7,350 |  |  | 7,093 |
Other accrued expenses | 24,429 |  |  | 22,945 |  |  | 20,640 |
Total | $ | 318,476 |  |  | $ | 237,817 |  |  | $ | 232,648 |
Warranty liability | Year ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Beginning balance | $ | 1,258 |  |  | $ | 1,347 |  |  | $ | 1,673 |
Accrual | 2,332 |  |  | 3,386 |  |  | 2,714 |
Warranty payments | (2,469) |  |  | (3,475) |  |  | (3,040) |
Ending balance | $ | 1,121 |  |  | $ | 1,258 |  |  | $ | 1,347 |
Supplemental Statement of Operations Data:
Other income (expense), net | Year ended December 31,
| 2024 |  | 2023 |  | 2022
(in thousands) | (As Restated) |  | (As Restated) |  | (As Restated)
Foreign currency gain (loss) | $ | 781 |  |  | $ | (819) |  |  | $ | (1,163) |
Loss on sale of capital assets | (885) |  |  | (890) |  |  | (2,576) |
Sublease income | 476 |  |  | 1,434 |  |  | 1,330 |
Loss on equity method investment | (1,709) |  |  | — |  |  | — |
Lugano expense (1) | (139,402) |  |  | (84,893) |  |  | (66,533) |
Other income (expense) | (2,565) |  |  | 2,054 |  |  | 95 |
| $ | (143,304) |  |  | $ | (83,114) |  |  | $ | (68,847) |
(1) Lugano expense represents losses recognized at Lugano related to losses resulting from the accounting for the transactions associated with the off-balance sheet arrangements. Supplemental Cash Flow Statement Data: The following table provides supplemental disclosure of cash flow information for the years ended December 31, 2024, 2023 and 2022:
| Year ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
| (As Restated) |  | (As Restated) |  | (As Restated)
Interest paid | $ | 115,726 |  |  | $ | 112,925 |  |  | $ | 79,365 |
Taxes paid | $ | 61,889 |  |  | $ | 79,142 |  |  | $ | 24,607 |
Non-cash financing and investing activities (1) | $ | 11,465 |  |  | $ | 8,560 |  |  | $ | 1,946 |
(1) Represents the non-cash settlement of Lugano financing arrangements. Investments Arnold Joint Venture Arnold is a 50% partner in a China rare earth mine-to-magnet joint venture. Arnold accounts for its activity in the joint venture utilizing the equity method of accounting. Gains and losses from the joint venture were not material for the years ended December 31, 2024, 2023 and 2022. Altor Solutions In September 2020, Altor invested $3.6 million in Rational Packaging, LLC, a designer and manufacturer of recyclable, paperboard-based structural packaging components. The investment was accounted for as an equity method investment. In 2024, Altor acquired the remaining equity interests in Rational Packaging, LLC and began accounting for Rational Packaging as a consolidated entity. Gains and losses from the investment were not material for the years ended December 31, 2024, 2023 and 2022.

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