XML 97 R91.htm IDEA: XBRL DOCUMENT v3.25.1
Restatement of Quarterly Financial Information - Schedule of Restatement of Condensed Consolidated Statements of Cash Flows (Details) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net loss $ (8,948,000) $ (328,235,000)  
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 21,596,000 22,390,000  
Goodwill impairment 0 297,353,000  
Amortization of debt issuance cost 320,000 1,013,000  
Gain on investments, net 1,631,000 (2,621,000)  
Net loss on disposal of property, plant and equipment 13,000 150,000  
Stock-based compensation expense 3,210,000 3,954,000  
Deferred income taxes (157,000) (19,738,000)  
Other, net   545,000  
Inventory write down   3,992,000  
Inventory reserves 3,339,000 1,837,000  
Changes in operating assets and liabilities:      
Accounts receivable, net 16,011,000 22,504,000  
Other receivables (1,141,000) 5,605,000  
Income taxes receivable, net (690,000) (3,439,000)  
Inventory 10,345,000 32,366,000  
Prepaid expenses, other current assets and other assets 1,504,000 (19,290,000)  
Accounts payable (4,222,000) 553,000  
Accrued expenses and other liabilities 352,000 10,953,000  
Income taxes payable, net 18,000 1,155,000  
Net cash provided by operating activities 43,181,000 37,925,000  
Cash flows from investing activities:      
Purchases of property, plant and equipment (7,399,000) (13,510,000)  
Purchases of intangibles - developed technologies (11,296,000) (1,191,000)  
Proceeds from sales and maturities of available-for-sale investments 660,000 873,000  
Purchases of available-for-sale investments (170,000) (44,000)  
Net cash used in investing activities (18,338,000) (13,872,000)  
Cash flows from financing activities:      
Tax withholdings related to stock-based compensation settlements (420,000) (176,000)  
Proceeds from stock option exercises 756,000 219,000  
Proceeds from receivables purchase agreement   30,231,000  
Repayments on receivables purchase agreement   (32,437,000)  
Payment for redemption of redeemable non-controlling interest (12,000) (5,000)  
Payment of debt issuance cost   (1,994,000)  
Net cash provided by (used in) financing activities 324,000 (4,162,000)  
Net increase in cash and cash equivalents 25,167,000 19,891,000  
Effect of exchange rate changes 133,000 (301,000)  
Cash and cash equivalents, beginning of period 76,021,000 87,167,000 $ 87,167,000
Cash and cash equivalents, end of period 101,321,000 106,757,000 76,021,000
Supplemental disclosure of cash financing activities:      
Cash paid for interest 4,129,000 5,243,000  
Cash paid for income taxes 2,367,000 596,000  
Cash used in operating activities related to operating leases 2,696,000 2,384,000  
Supplemental disclosure of non-cash investing activities:      
Right-of-use assets obtained in exchange for lease obligations 1,893,000 842,000  
Purchases of property, plant and equipment included in accounts payable $ 1,162,000 1,689,000  
As Reported [Member]      
Cash flows from operating activities:      
Net loss   (321,670,000)  
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization   22,528,000  
Goodwill impairment   292,583,000  
Amortization of debt issuance cost   1,013,000  
Gain on investments, net   (2,621,000)  
Net loss on disposal of property, plant and equipment   150,000  
Stock-based compensation expense   3,957,000  
Deferred income taxes   (19,738,000)  
Other, net   545,000  
Inventory write down   3,992,000  
Inventory reserves   1,837,000  
Changes in operating assets and liabilities:      
Accounts receivable, net   26,002,000  
Other receivables   5,605,000  
Income taxes receivable, net   (1,296,000)  
Inventory   30,426,000  
Prepaid expenses, other current assets and other assets   (15,882,000)  
Accounts payable   553,000  
Accrued expenses and other liabilities   7,459,000  
Income taxes payable, net   1,155,000  
Net cash provided by operating activities   36,598,000  
Cash flows from investing activities:      
Purchases of property, plant and equipment   (12,183,000)  
Proceeds from sales and maturities of available-for-sale investments   873,000  
Purchases of available-for-sale investments   (44,000)  
Net cash used in investing activities   (12,545,000)  
Cash flows from financing activities:      
Tax withholdings related to stock-based compensation settlements   (176,000)  
Proceeds from stock option exercises   219,000  
Proceeds from receivables purchase agreement   30,231,000  
Repayments on receivables purchase agreement   (32,437,000)  
Payment for redemption of redeemable non-controlling interest   (5,000)  
Payment of debt issuance cost   (1,994,000)  
Net cash provided by (used in) financing activities   (4,162,000)  
Net increase in cash and cash equivalents   19,891,000  
Effect of exchange rate changes   (301,000)  
Cash and cash equivalents, beginning of period   87,167,000 $ 87,167,000
Cash and cash equivalents, end of period   106,757,000  
Supplemental disclosure of cash financing activities:      
Cash paid for interest   5,243,000  
Cash paid for income taxes   596,000  
Cash used in operating activities related to operating leases   2,384,000  
Supplemental disclosure of non-cash investing activities:      
Right-of-use assets obtained in exchange for lease obligations   842,000  
Purchases of property, plant and equipment included in accounts payable   1,689,000  
Adjustment [Member]      
Cash flows from operating activities:      
Net loss   (6,565,000)  
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization   (138,000)  
Goodwill impairment   4,770,000  
Stock-based compensation expense   (3,000)  
Changes in operating assets and liabilities:      
Accounts receivable, net   (3,498,000)  
Inventory   1,940,000  
Prepaid expenses, other current assets and other assets   3,408,000  
Accrued expenses and other liabilities   3,494,000  
Net cash provided by operating activities   1,327,000  
Cash flows from investing activities:      
Purchases of property, plant and equipment   (1,327,000)  
Purchases of intangibles - developed technologies   0  
Net cash used in investing activities   $ (1,327,000)