ADTRAN, Inc
(NASDAQ:ADTN)

ADTRAN, Inc. provides networking and communications platforms and services for service providers, cable/multiple system operators, small- to medium-sized business, and distributed enterprises in the United States, Germany, Mexico, and internationally. The company operates through two segments, Netwo...

Website: http://www.adtran.com

Founded: 1985

Full Time Employees: 1,790

Sector: Technology

Industry: Communication Equipment

Technology

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Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-03-31	2013-09-30	2008-12-31	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30

revenue								356,786,000	368,192,000		345,844,000	263,377,500	368,192,000
yoy								35.47%	0.00%
qoq								-3.10%			31.31%	-28.47%
network solutions	232,543,000	219,498,000								283,002,000				155,992,000	138,374,000	138,809,000	120,767,000	125,449,000	113,809,000	115,229,000	111,323,000	97,372,000	96,219,000	94,018,000	139,167,000
services & support	46,892,000	45,570,000								44,376,000				16,046,000	16,144,000	15,349,000	17,314,000	17,783,000	13,724,000	17,914,000	17,392,000	17,151,000	19,568,000	20,074,000	17,224,000
total revenue	279,435,000	265,068,000								327,378,000				172,038,000	154,518,000	154,158,000	138,081,000	143,232,000	127,533,000
cost of revenue
network solutions - charges and inventory write-down
total cost of revenue	172,309,000	166,144,000								234,825,000				109,532,000	100,202,000	99,723,000	90,408,000	80,564,000	73,932,000
gross profit	107,126,000	98,924,000								92,553,000				62,506,000	54,316,000	54,435,000	47,673,000	62,668,000	53,601,000	58,962,000	53,472,000	51,600,000	47,209,000	46,331,000	65,015,000	60,612,000	55,388,000	58,448,000	49,996,000	39,733,000	58,815,000	86,498,000	84,632,000	73,715,000	70,787,000	75,808,000	78,955,000	65,794,000	62,439,000	70,649,000	65,563,000	82,547,000		72,431,000	64,508,000	84,232,000	89,314,000	69,546,000	60,228,000	58,980,000	66,812,000	69,761,000	65,518,000	66,304,406	58,917,338	49,699,859	47,073,396	48,428,431	45,525,189
yoy										48.07%				-0.26%	1.33%	-7.68%	-10.84%	21.45%	13.54%	27.26%	-17.75%	-14.87%	-14.77%	-20.73%	30.04%	52.55%	-5.83%	-32.43%	-40.93%	-46.10%	-16.91%	14.10%	7.19%	12.04%	13.37%	7.30%	20.43%	-20.30%		-2.46%	1.64%	-2.00%		4.15%	7.11%	42.81%	33.68%	-0.31%	-8.07%	-11.05%	13.40%	40.36%	39.18%	36.91%	29.42%
qoq	8.29%													15.08%	-0.22%	14.18%	-23.93%	16.92%	-9.09%	10.27%	3.63%	9.30%	1.90%	-28.74%	7.26%	9.43%	-5.24%	16.91%	25.83%	-32.44%	-32.00%	2.20%	14.81%	4.14%	-6.62%	-3.99%	20.00%	5.37%	-11.62%	7.76%	-20.57%			12.28%	-23.42%	-5.69%	28.42%	15.47%	2.12%	-11.72%	-4.23%	6.48%	-1.19%	12.54%	18.55%	5.58%	-2.80%	6.38%
gross margin %	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	Infinity%	0%	0%	0%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
selling, general and administrative expenses	58,234,000	60,347,000								66,583,000				27,873,000	27,893,000	35,141,000	30,972,000	30,866,000	27,435,000	27,205,000	30,799,000	26,620,000	30,625,000	30,912,000	33,619,000	35,132,000	28,079,000	30,750,000	32,080,000	33,531,000	31,387,000	34,652,000	34,683,000	34,767,000	34,438,000	33,716,000	32,866,000	30,785,000	30,339,000	30,016,000	31,064,000	32,794,000		26,444,000	24,766,000	24,154,000	25,011,000	24,297,000	22,949,000	23,477,000	22,195,000	23,984,000	22,270,000	22,112,415	20,623,108	20,346,033	20,152,444	20,463,236	19,587,128
research and development expenses	51,680,000	51,895,000								70,598,000				26,500,000	26,491,000	26,532,000	26,759,000	27,871,000	27,501,000	27,223,000	28,712,000	29,859,000	30,654,000	31,835,000	32,064,000	31,647,000	31,092,000	29,877,000	30,729,000	32,849,000	31,489,000	33,528,000	33,501,000	31,916,000	32,077,000	31,962,000	31,277,000	29,488,000	29,300,000	32,561,000	32,536,000	32,543,000		17,469,000	17,766,000	14,857,000	15,087,000	16,367,000	16,343,000	17,812,000	18,859,000	15,896,000	14,817,000	15,245,204	14,989,448	13,638,856	14,270,491	13,814,756	14,008,528
goodwill impairment
operating income	-2,788,000	-13,318,000								-44,628,000				8,133,000	-68,000	-7,238,000	-10,058,000	3,931,000	-1,335,000	4,534,000	-6,039,000	-4,944,000	-14,070,000	-20,288,000	562,000	-6,167,000	-3,783,000	-2,179,000	-12,813,000	-26,647,000	-4,061,000	18,318,000	16,448,000	7,032,000	4,272,000	10,130,000	14,812,000	5,521,000	2,800,000	8,072,000	1,963,000	17,210,000		28,518,000	21,976,000	45,221,000	49,216,000	28,882,000	20,936,000	17,691,000	25,758,000	29,881,000	28,431,000	28,946,787	23,304,782	15,714,970	12,650,461	14,150,439	11,929,533
yoy										-648.73%				106.89%	-94.91%	-259.64%	66.55%	-179.51%	-90.51%	-122.35%	-1174.56%	-19.83%	271.93%	831.07%	-104.39%	-76.86%	-6.85%	-111.90%	-177.90%	-478.94%	-195.06%	80.83%	11.05%	27.37%	52.57%	25.50%	654.56%	-67.92%		-71.70%	-91.07%	-61.94%		-1.26%	4.97%	155.62%	91.07%	-3.34%	-26.36%	-38.88%	10.53%	90.14%	124.74%	104.56%	95.35%
qoq	-79.07%													-12060.29%	-99.06%	-28.04%	-355.86%	-394.46%	-129.44%	-175.08%	22.15%	-64.86%	-30.65%	-3709.96%	-109.11%	63.02%	73.61%	-82.99%	-51.92%	556.17%	-122.17%	11.37%	133.90%	64.61%	-57.83%	-31.61%	168.28%	97.18%	-65.31%	311.21%	-88.59%			29.77%	-51.40%	-8.12%	70.40%	37.95%	18.34%	-31.32%	-13.80%	5.10%	-1.78%	24.21%	48.30%	24.22%	-10.60%	18.62%
operating margin %	-Infinity%	-Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	-Infinity%	0%	0%	0%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
interest and dividend income	291,000	201,000								358,000				217,000	204,000	1,957,000	344,000	253,000	290,000	344,000	331,000	356,000	872,000	610,000	692,000	591,000	1,422,000	825,000	913,000	866,000	1,523,000	952,000	972,000	933,000	1,226,000	910,000	927,000	855,000	1,273,000	839,000	933,000	1,579,000
interest expense	-5,499,000	-4,564,000								-4,064,000				-94,000	-30,000	-16,000	-6,000	-6,000	-6,000			-1,000	-129,000	-128,000	-127,000	-127,000	-135,000	-134,000	-132,000	-132,000	-139,000	-139,000	-137,000	-141,000	-142,000	-143,000	-142,000	-145,000	-148,000	-151,000	-148,000	-581,000		-633,000	-634,000	-634,000	-693,000	-625,000	-583,000	-610,000	-644,000	-644,000	-644,000	-582,611	-631,944	-659,722	-659,722	-490,210.5	-645,834
net investment gain	2,186,000	3,075,000								1,262,000				-4,646,000	-3,415,000	-1,181,000	-63,000	2,009,000	996,000	2,844,000	9,852,000	-10,877,000	3,239,000	-216,000	2,485,000	5,926,000	-9,450,000	4,507,000
other income	-745,000	-2,636,000								2,494,000				681,000	-226,000	1,151,000	648,000	26,000	1,999,000	-1,679,000	-1,757,000	1,129,000	-768,000	1,616,000	-205,000	855,000	1,359,000	201,000		-57,000				51,000	-273,000	-246,000		119,000	-617,000	52,000	-353,000	22,000		510,000	18,000	-881,000	67,000	387,000	368,000	495,000	-33,000	530,000	360,000	-255,339	975,821	504,301	384,216	-6,523,665	2,607,647
income before income taxes	-6,555,000	-17,242,000								-44,578,000				4,291,000	-3,535,000	-5,327,000	-9,135,000	6,213,000	1,944,000	6,043,000	2,387,000	-14,337,000	-10,856,000	-18,406,000
income tax benefit	-1,202,000	-1,016,000								8,363,000				-2,148,000	2,408,000	1,137,000	-1,292,000	-1,127,000	-1,048,000	-562,000	-1,635,000	4,368,000	-768,000	-27,717,000
net income	-7,757,000	-18,258,000						-15,123,500	-48,084,000	-36,215,000	-73,489,000	51,606,000	-48,084,000	2,143,000	-1,127,000	-4,190,000	-10,427,000	5,086,000	896,000	5,481,000	752,000	-9,969,000	-11,624,000	-46,123,000	3,995,000	770,000	-8,447,000	7,589,000	-7,670,000	-10,814,000	-11,110,000	15,898,000	12,401,000	6,651,000	7,572,000	12,415,000	10,228,000	5,014,000	5,718,000	7,067,000	3,317,000	16,205,000		20,814,000	16,255,000	32,196,000	33,015,000	20,719,000	15,220,000	14,594,000	18,751,000	21,398,000	20,398,000	21,432,086	17,165,159	12,378,860	10,538,895	12,110,234	3,358,467
yoy								-129.31%	0.00%	-1789.92%	6420.76%	-1331.65%	361.15%	-57.86%	-225.78%	-176.45%	-1486.57%	-151.02%	-107.71%	-111.88%	-81.18%	-1394.68%	37.61%	-707.76%	-152.09%	-107.12%	-23.97%	-52.26%	-161.85%	-262.59%	-246.72%	28.05%	21.25%	32.65%	32.42%	75.68%	208.35%	-69.06%		-66.05%	-79.59%	-49.67%		0.46%	6.80%	120.61%	76.07%	-3.17%	-25.38%	-31.91%	9.24%	72.86%	93.55%	76.97%	411.10%
qoq	-57.51%							-68.55%	32.77%	-50.72%	-242.40%	-207.32%	-2343.77%	-290.15%	-73.10%	-59.82%	-305.01%	467.63%	-83.65%	628.86%	-107.54%	-14.24%	-74.80%	-1254.52%	418.83%	-109.12%	-211.31%	-198.94%	-29.07%	-2.66%	-169.88%	28.20%	86.45%	-12.16%	-39.01%	21.38%	103.99%	-12.31%	-19.09%	113.05%	-79.53%			28.05%	-49.51%	-2.48%	59.35%	36.13%	4.29%	-22.17%	-12.37%	4.90%	-4.82%	24.86%	38.67%	17.46%	-12.98%	260.59%
net income margin %	-Infinity%	-Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	-4.24%	-13.06%	-Infinity%	-21.25%	19.59%	-13.06%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
less: net income attributable to non-controlling interest	2,505,000	2,273,000
net loss attributable to adtran holdings, inc.	-10,262,000
weighted-average shares outstanding – basic	79,803,000	79,748,000								78,366,000		62,346,000		49,123,000	49,113,000	48,582,000	48,609,000	48,449,000	48,336,000	47,957,000	47,958,000	47,957,000	47,836,000	47,824,000	47,802,000	47,782,000	47,880,000	47,710,000	47,856,000	48,232,000	48,153,000	47,870,000	48,036,000	48,430,000	48,724,000	48,470,000	48,831,000	49,220,000	51,145,000	49,862,000	53,399,000	57,947,000	63,549,000	75,324,000	76,655,000
weighted-average shares outstanding – diluted	79,803,000	79,748,000								78,366,000		62,346,000		49,809,000	49,113,000	48,582,000	48,609,000	49,426,000	49,004,000	48,424,000	48,254,000	47,957,000	47,836,000	47,824,000	48,036,000	47,853,000	47,880,000	47,834,000	47,902,000	48,292,000	48,699,000	48,531,000	48,413,000	48,939,000	48,949,000	48,678,000	49,048,000	49,389,000	51,267,000	49,927,000	53,634,000	58,617,000	64,408,000	77,284,000	78,909,000
loss per common share attributable to adtran holdings, inc. – basic	-120	-240
loss per common share attributable to adtran holdings, inc. – diluted	-120	-240
other comprehensive income, net of tax	-3,700,000	46,723,000
defined benefit plan adjustments	-6,000	268,000
foreign currency translation gain	-3,694,000	46,455,000
comprehensive income, net of tax	-11,457,000	28,465,000
less: comprehensive income attributable to non-controlling interest	2,505,000	2,273,000
comprehensive income attributable to adtran holdings, inc., net of tax	-13,962,000	26,192,000
net income attributable to adtran holdings, inc.		-20,531,000								-33,334,000
weighted-average useful life
customer relationships			52,849,000		54,016,000	52,587,000	52,754,000
backlog			56,242,000		57,905,000	55,868,000	56,106,000
developed technology			372,948,000		332,245,000	320,849,000	322,176,000
licensed technology			5,900,000		5,900,000	5,900,000	5,900,000
licensed agreements			560,000
trade names			29,094,000		29,955,000	28,901,000	29,024,000
total			517,593,000	71,524,500	480,581,000	464,665,000	466,520,000
2025				-38,908,000
2026				-36,858,000
2027				-36,520,000
2028				-37,890,000
2029
thereafter				-82,879,000
wells fargo credit agreement			189,576,000
total non-current revolving credit facility			189,576,000
licensing agreements					560,000	560,000	560,000
patents
2024				3,726,250
less: net loss attributable to non-controlling interest										-2,881,000
earnings per common share attributable to adtran holdings, inc. – basic										-430
earnings per common share attributable to adtran holdings, inc. – diluted										-430
earnings per common share – basic														40	-20	-90	-210	100	20	110	20	-210	-240	-960	80	20	-170	160	-160	-220	-230	330	260	140	150	260	210	100	110	140	60	280		280	210	420	440	280	200	190	240	270	260	798.95	0.44	0.33	0.28	0.32	0.09
earnings per common share – diluted														40	-20	-90	-210	100	20	110	20	-210	-240	-960	80	20	-170	160	-160	-220	-230	330	260	140	160	260	210	100	110	140	60	280		270	210	222.5	420	270
asset impairments																						65,000		3,872,000
sales																																							139,013,000	158,078,000	142,835,000	177,404,000		122,296,000	108,648,000	140,595,000	149,170,000	118,873,000	104,577,000	104,625,000	115,251,000	120,601,000	114,039,000	113,815,846	106,200,640	90,437,013	86,222,501	88,418,513	88,180,461
total sales																				133,143,000	128,715,000	114,523,000	115,787,000	114,092,000	156,391,000	143,791,000	140,088,000	140,335,000	128,048,000	120,806,000	126,836,000	185,112,000	184,673,000	170,279,000	162,986,000	168,890,000	162,701,000	142,204,000
cost of sales																																							76,574,000	87,429,000	77,272,000	94,857,000		49,865,000	44,140,000	56,363,000	59,856,000	49,327,000	44,349,000	45,645,000	48,439,000	50,840,000	48,521,000	47,511,440	47,283,302	40,737,154	39,149,105	39,990,082	42,655,272
total cost of sales																				74,181,000	75,243,000	62,923,000	68,578,000	67,761,000	91,376,000	83,179,000	84,700,000	81,887,000	78,052,000	81,073,000	68,021,000	98,614,000	100,041,000	96,564,000	92,199,000	93,082,000	83,746,000	76,410,000
gain on contingency																									-1,230,000
gain on bargain purchase of a business																														11,322,000					-8,000	3,550,000
income before benefit for income taxes																									3,407,000																													14,628,858	25,708,460			4,037,855.75	3,336,025
benefit for income taxes																									588,000	-308,000	2,140,000	4,369,000	3,589,000	3,931,000																								-4,608,129.5	-8,543,301			-871,423.75	22,442
products																										125,822,000	116,873,000	121,043,000	115,063,000	105,253,000	95,789,000	145,467,000	155,543,000	143,597,000	126,793,000	136,277,000	138,549,000	123,883,000
services																										17,969,000	23,215,000	19,292,000	12,985,000	15,553,000	31,047,000	39,645,000	29,130,000	26,682,000	36,193,000	32,613,000	24,152,000	18,321,000
income before provision for income taxes																										1,078,000	-5,696,000	3,220,000	-11,259,000	-14,745,000	-734,000	19,207,000	17,869,000	8,345,000	6,844,000	15,517,000	16,456,000	8,078,000	5,215,000	10,872,000	5,510,000	19,981,000		32,282,000	25,458,000	47,291,000	51,630,000	31,252,000	23,201,000	20,845,000	27,251,000	31,700,000	30,219,000			17,962,311	14,844,661
dividend per share																										0.09	0.068	0.09	0.09	0.09	0.068	0.09	0.09	0.09	0.068	0.09	0.09	0.09	0.068	0.09	0.09	0.09		0.09	0.09									0.538	2.15
net realized investment gain																													990,000	-97,000	1,816,000	1,009,000	1,390,000	470,000	1,769,000	1,316,000	1,110,000	1,728,000	1,907,000	2,060,000	3,115,000	1,751,000		474,000	600,000	318,750	535,000	259,000	481,000	147,500	646,000	71,000	-126,000	56,613		224,675
other expense																													-217,000		127,000	-933,000	-804,000				-251,000
provision for income taxes																															-10,376,000	-3,309,000	-5,468,000	-1,694,000	728,000	-3,102,000	-6,228,000	-3,064,000	503,000	-3,805,000	-2,193,000	-3,776,000		-11,468,000	-9,203,000	89,353,000	-18,615,000	-10,533,000	-7,981,000	63,499,000	-8,500,000	-10,302,000	-9,821,000			-5,583,451	-4,305,766
interest income																																												3,413,000	3,498,000	1,713,250	2,505,000	2,349,000	1,999,000	1,396,250	1,524,000	1,862,000	2,198,000	1,676,454.25	2,059,801	2,178,087	2,467,929
weighted-average shares outstanding - basic																																															75,710,000	75,341,000
weighted-average shares outstanding - diluted																																															78,213,000	77,495,000
dividends per share																																														0.063	0.09	0.08	0.08	0.06	0.08	0.08	0.08
weighted-average shares outstanding																																														75,775,000			75,755,000	78,235,000	77,778,000	79,313,000	79,500,000	76,942,000	38,718,414	38,018,429	37,594,815	38,045,128	37,644,721
weighted-average shares outstanding assuming dilution																																														77,966,000			77,318,000	80,985,000	80,437,000	82,221,000	82,792,000	80,739,000	40,719,899	39,949,456	38,961,790	38,221,750	37,670,734
earnings per common share – assuming dilution																																																	200	190	230	260	250	759	0.42	0.31	0.27	0.32	0.09
net realized investment gains																																																									1,777
net realized investment loss																																																										-2,979,633.75	-10,555,321

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-03-31	2013-09-30	2008-12-31	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30

assets
current assets
cash and cash equivalents	88,270,000	95,696,000	93,682,000	106,271,000	101,321,000	77,567,000	88,456,000	111,185,000	106,757,000	87,167,000	116,092,000	124,294,000	136,457,000	108,644,000	111,099,000	43,368,000	53,979,000	56,603,000	75,503,000	69,927,000	63,777,000	71,081,000	69,059,000	71,285,000	73,773,000	96,407,000	106,817,000	109,119,000	105,504,000	94,173,000	100,319,000	82,623,000	86,433,000	128,253,000	88,798,000	72,558,000	79,895,000	66,292,000	70,914,000	91,609,000	84,550,000	83,687,000	87,009,000	54,311,000	41,909,000	34,668,000	110,160,000	112,794,000	70,585,000	53,433,000	48,892,000	57,602,000	144,239,000	230,904,000	171,166,000	132,072,000	74,922,049	126,645,119	138,678,211	125,092,393	84,917,178
accounts receivables	215,473,000	210,687,000	178,621,000	164,768,000	166,519,000	178,030,000	172,025,000	186,176,000	187,554,000	216,445,000	229,333,000	239,565,000	262,043,000	279,435,000	302,401,000	172,088,000	150,111,000	158,742,000	124,146,000	122,669,000	103,201,000	100,223,000	95,335,000	86,465,000	90,531,000	90,647,000	116,661,000	99,032,000	99,385,000	101,865,000	76,135,000	80,883,000	144,150,000	101,613,000	79,891,000	85,396,000	92,346,000	101,822,000	89,386,000	67,492,000	71,917,000	86,176,000	90,869,000	108,018,000	52,749,000	64,687,000	62,555,000	66,246,000	71,554,000	64,119,000	64,883,000	63,729,000	64,374,000	69,657,000	66,718,000	52,384,000	53,854,717	50,986,080	49,232,055	38,882,390	45,687,493
other receivables	10,292,000	7,046,000	8,709,000	8,354,000	9,613,000	9,775,000	12,871,000	11,436,000	12,116,000	17,450,000	24,337,000	32,394,000	30,938,000	32,831,000	14,350,000	8,413,000	17,373,000	11,228,000	9,867,000	20,187,000	22,669,000	22,899,000	26,026,000	23,121,000	16,566,000	18,927,000	24,984,000	34,583,000	36,699,000	30,084,000	28,163,000	35,124,000	26,578,000	18,541,000	14,561,000	13,398,000	15,137,000	12,159,000	11,676,000	9,199,000	19,321,000	20,858,000	29,962,000	20,268,000	2,896,000	4,694,000	3,066,000	3,214,000	7,260,000	7,985,000	4,571,000	4,335,000	4,655,000	7,273,000	5,044,000	6,988,000	7,568,533	2,921,778	4,252,322	4,459,734	9,407,733
inventory	209,003,000	215,736,000	223,755,000	240,081,000	253,639,000	269,337,000	282,926,000	287,860,000	322,147,000	362,295,000	373,971,000	416,802,000	416,291,000	427,531,000	416,163,000	196,916,000	171,121,000	139,891,000	127,241,000	119,012,000	122,862,000	120,260,000	106,131,000	99,515,000	98,305,000	104,941,000	95,110,000	93,609,000	99,848,000	106,060,000	120,537,000	120,021,000	122,542,000	116,230,000	113,995,000	112,774,000	105,117,000	96,034,000	86,936,000	92,107,000	91,533,000	100,705,000	93,123,000	92,972,000	47,406,000	47,201,000	48,160,000	50,266,000	53,629,000	46,738,000	40,426,000	42,316,000	43,629,000	43,649,000	44,380,000	39,975,000	38,281,261	39,313,898	37,381,944	39,926,384	41,446,326
income tax receivable	2,971,000	3,667,000	6,478,000	8,136,000	6,632,000	5,461,000	13,466,000	13,050,000	8,717,000	7,933,000																											760,000	540,000	2,405,000													2,442,000	2,679,000			11,586,000
prepaid expenses and other current assets	62,492,000	55,317,000	72,424,000	67,717,000	62,222,000	58,534,000	69,112,000	58,612,000	59,667,000	45,566,000	35,826,000	33,880,000	37,021,000	33,577,000	30,739,000	9,306,000	9,076,000	9,296,000	10,061,000	9,830,000	7,625,000	8,374,000	8,104,000	7,419,000	7,892,000	10,327,000	8,909,000	9,683,000	10,744,000	10,428,000	9,464,000	9,693,000	17,282,000	23,127,000	23,556,000	17,816,000	16,459,000	14,477,000	13,563,000	13,096,000	10,145,000
short-term investments - deferred compensation	33,813,000	35,174,000
assets held for sale	11,901,000	11,901,000	11,901,000	11,901,000	11,901,000	11,901,000
total current assets	634,215,000	635,224,000	603,117,000	607,228,000	611,847,000	610,605,000	638,856,000	668,319,000	696,958,000	736,856,000	779,559,000	850,024,000	883,808,000	882,358,000	875,555,000	431,864,000	402,141,000	376,325,000	349,530,000	344,497,000	324,345,000	329,339,000	314,874,000	293,789,000	320,310,000	350,003,000	383,369,000	377,316,000	355,426,000	348,522,000	340,687,000	344,746,000	413,114,000	419,149,000	368,132,000	354,400,000	352,902,000	364,803,000	344,235,000	320,773,000	330,786,000	356,959,000	401,112,000	430,396,000	252,864,000	320,635,000	392,626,000	395,354,000	393,268,000	328,547,000	300,254,000	302,386,000	292,042,000	373,911,000	315,135,000	260,378,000	198,414,751	247,674,481	275,524,436	235,556,535	229,940,419
property, plant and equipment	123,849,000	124,384,000	121,465,000	111,936,000	109,609,000	102,942,000	147,428,000	134,578,000	126,969,000	123,020,000	118,623,000	115,719,000	111,969,000	110,699,000	104,577,000	53,432,000	54,384,000	55,766,000	56,556,000	58,270,000	60,157,000	64,353,000	65,194,000	66,500,000	73,708,000	73,384,000	78,813,000	79,505,000	80,635,000	81,457,000	82,910,000	83,875,000	85,079,000	85,665,000	84,122,000	83,514,000	84,469,000	78,078,000	74,115,000	73,511,000	73,233,000	73,656,000	73,987,000	77,658,000	75,487,000	83,078,000	83,716,000	85,033,000	86,532,000	87,730,000	88,317,000	89,361,000	91,603,000	93,053,000	95,058,000	97,667,000	99,001,756	100,830,329	103,252,712	106,173,833	109,433,764
goodwill	59,003,000	59,983,000	59,919,000	60,194,000	55,261,000	52,918,000	56,884,000	54,897,000	55,129,000	353,415,000	339,083,000	388,163,000	385,755,000	381,724,000	357,869,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,968,000	6,982,000	7,106,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000	3,492,000
intangible assets	281,280,000		302,281,000	310,169,000
deferred tax assets	16,223,000	16,481,000	17,826,000	17,826,000	17,826,000	17,826,000	25,697,000	24,931,000	25,421,000	25,787,000	90,260,000	82,076,000	81,631,000	6,210,000		8,508,000	8,939,000	9,079,000	8,957,000	9,165,000	9,448,000	7,865,000	7,573,000	7,447,000	7,561,000	6,492,000	39,033,000	36,891,000	37,187,000	39,595,000	35,615,000	21,427,000	23,428,000	37,130,000	40,296,000	39,085,000	38,036,000	17,963,000	18,488,000	17,967,000	18,924,000	17,517,000	16,297,000	13,494,000	8,653,000	6,321,000	6,251,000	5,960,000	6,091,000	4,311,000	4,191,000	4,488,000	4,183,000	4,718,000	3,288,000	3,381,000	5,023,367	4,117,989	4,117,989	4,799,390	4,043,832
other non-current assets	69,560,000	73,352,000	69,021,000	75,826,000	75,659,000	78,128,000	86,677,000	87,105,000	87,729,000	87,706,000	60,770,000	60,634,000	63,152,000	66,998,000	56,347,000	29,637,000	30,542,000	30,971,000			26,195,000
long-term investments	937,000	1,022,000	35,279,000	33,116,000	29,973,000	32,060,000	31,506,000	30,159,000	29,252,000	27,743,000	25,179,000	31,238,000	32,994,000	32,665,000	50,131,000	52,297,000	67,713,000	70,615,000	83,935,000	82,778,000	81,266,000	78,016,000	84,383,000	79,136,000	94,489,000	90,632,000	87,280,000	85,227,000	108,822,000	144,241,000	144,437,000	156,472,000	130,256,000	136,987,000	159,634,000	174,413,000	176,102,000	178,379,000	186,249,000	195,683,000	198,026,000	204,513,000	236,678,000	298,122,000	141,241,000	190,299,000	185,132,000	170,836,000	148,620,000	157,730,000	161,022,000	167,609,000	173,058,000	144,269,000	210,984,000	233,734,000	238,845,301	216,525,118	158,864,919	176,330,988	172,126,523
total assets	1,185,067,000	1,204,493,000	1,208,908,000	1,216,295,000	1,193,239,000	1,179,372,000	1,273,146,000	1,290,782,000	1,327,906,000	1,682,512,000	1,742,169,000	1,882,938,000	1,938,595,000	1,881,865,000	1,838,054,000	600,179,000	589,092,000	569,017,000	557,912,000	551,426,000	530,763,000	531,415,000	522,672,000	498,270,000	545,118,000	579,875,000	639,786,000	632,623,000	628,027,000	648,830,000	639,570,000	642,647,000	669,094,000	695,558,000	668,981,000	667,178,000	667,235,000	655,563,000	636,558,000	621,494,000	632,904,000	671,854,000	744,180,000	832,984,000	473,615,000	594,511,000	661,972,000	652,618,000	629,766,000	574,590,000	550,177,000	559,942,000	557,235,000	611,729,000	624,250,000	593,900,000	537,493,025	568,879,680	542,963,391	521,212,820
liabilities and equity
current liabilities
accounts payable	170,605,000	167,337,000	188,947,000	178,287,000	171,912,000	170,451,000	173,354,000	158,550,000	159,083,000	162,922,000	148,913,000	171,735,000	198,596,000	237,699,000	276,026,000	144,432,000	127,111,000	102,489,000	79,074,000	66,499,000	55,476,000	59,886,000	62,465,000	47,685,000	44,870,000	52,842,000	63,827,000	60,116,000	61,054,000	65,032,000	60,150,000	50,653,000	60,632,000	73,127,000	66,161,000	74,300,000	77,342,000	67,399,000	59,211,000	42,635,000	48,668,000	69,372,000	73,696,000	73,672,000	20,313,000	26,997,000	19,334,000	25,682,000	36,224,000	31,030,000	22,226,000	22,856,000	23,222,000	26,024,000	25,453,000	24,821,000	25,584,986	19,542,071	19,949,460	17,788,964	25,952,964
unearned revenue	90,752,000	87,541,000	57,563,000	62,695,000	66,459,000	52,701,000	54,615,000	55,107,000	55,124,000	46,731,000	49,832,000	48,030,000	55,611,000	41,193,000	40,993,000	22,705,000	19,454,000	17,737,000	16,394,000	15,889,000	14,457,000	13,379,000	12,090,000	12,465,000	11,963,000	14,022,000	12,910,000	15,230,000	17,940,000	17,004,000	14,307,000	13,948,000	13,070,000	13,651,000	15,449,000	16,969,000	16,326,000	15,744,000	15,982,000	18,683,000	16,615,000	16,484,000	16,815,000	19,658,000	6,141,000	4,386,000	4,653,000	4,318,000	3,728,000	3,118,000	2,248,000	2,468,000	2,354,000	2,597,000	2,993,000	3,209,000
accrued expenses and other liabilities	31,736,000	33,690,000	30,544,000	38,127,000	38,161,000	35,704,000	34,482,000	36,307,000	36,404,000	37,607,000	29,708,000	26,807,000	27,424,000	35,235,000	25,554,000	16,759,000	18,736,000	13,673,000	15,392,000	15,655,000	14,601,000	13,173,000	12,466,000	12,748,000
accrued wages and benefits	23,449,000	32,203,000	29,245,000	29,532,000	25,910,000	32,853,000	40,366,000	37,520,000	25,869,000	27,030,000	35,957,000	36,843,000	30,333,000	44,882,000	41,595,000	13,276,000	13,953,000	14,900,000	17,270,000	15,681,000	15,856,000	17,228,000	17,683,000	13,247,000	13,890,000	16,569,000	19,126,000	15,105,000	14,752,000	12,604,000	14,913,000	15,863,000	15,948,000	15,345,000	16,303,000	12,199,000	20,433,000	16,468,000	15,702,000	11,064,000	12,857,000	14,842,000	15,605,000	16,594,000	9,868,000
deferred compensation liability	37,051,000	37,447,000	36,684,000	34,390,000	31,283,000	33,203,000	32,046,000	30,601,000	29,709,000	29,039,000	26,833,000	28,522,000	28,674,000	26,668,000	25,376,000	26,014,000	29,691,000	31,383,000	28,336,000	28,769,000	26,658,000	22,957,000	21,908,000	18,321,000	21,698,000
income tax payable	5,613,000	3,642,000	1,453,000	1,019,000	999,000	1,936,000	2,007,000	2,228,000	6,266,000	5,221,000	10,302,000	15,314,000	19,397,000	9,032,000	26,838,000	4,541,000	3,519,000	6,560,000	5,914,000	2,345,000	1,765,000	3,346,000	2,450,000	3,273,000	3,512,000	3,420,000	9,571,000	11,785,000	12,518,000	14,340,000	11,948,000	8,277,000	3,936,000	7,696,000	9,594,000	3,126,000				2,739,000	2,395,000	12,923,000	13,088,000	548,000	266,000	4,360,000	11,597,000	4,551,000	11,126,000	1,616,000	6,335,000			2,423,000	10,229,000
total current liabilities	359,206,000	361,860,000	307,752,000	309,660,000	303,441,000	293,645,000	304,824,000	289,712,000	282,746,000	279,511,000	285,292,000	309,641,000	522,204,000	488,575,000	525,291,000	201,713,000	182,773,000	155,359,000	134,044,000	116,069,000	102,155,000	107,012,000	107,154,000	89,418,000	112,711,000	128,150,000	145,365,000	141,875,000	118,010,000	123,528,000	116,103,000	102,567,000	106,818,000	124,918,000	120,940,000	121,629,000	126,535,000	115,621,000	103,021,000	88,634,000	92,643,000	127,048,000	131,977,000	126,999,000	40,124,000	49,947,000	47,114,000	51,049,000	63,138,000	47,359,000	39,494,000	36,015,000	35,255,000	41,864,000	50,338,000	40,309,000	38,251,107	31,198,242	36,870,541	32,045,464	44,527,231
non-current revolving credit agreement	25,000,000		25,023,000	190,180,000
non-current convertible senior notes, net of debt issuance costs	193,425,000	193,038,000	192,859,000
deferred tax liabilities	26,776,000	27,453,000	32,299,000	32,866,000	30,735,000	30,690,000	21,483,000	21,077,000	15,414,000	35,655,000	37,977,000	44,614,000	51,850,000		36,884,000																															1,576,000	3,615,000	5,330,000	3,978,000	3,692,000	3,770,000	4,825,000	1,052,000	2,980,000	7,397,000	8,882,000	6,503,571	6,122,516	5,145,552	3,955,229
non-current unearned revenue	26,227,000	27,143,000	23,196,000	24,429,000	24,082,000	22,065,000	24,901,000	26,584,000	22,884,000	25,109,000	23,501,000	24,111,000	24,907,000	19,239,000	18,269,000	10,133,000	9,381,000	9,271,000	7,426,000	7,030,000	7,040,000	6,694,000	6,166,000	4,476,000	6,012,000	4,581,000	4,265,000	4,514,000	5,296,000	3,846,000	3,639,000	4,154,000	4,556,000	4,918,000	5,351,000	5,675,000	6,333,000	7,105,000	6,437,000	7,288,000	7,965,000	8,685,000	10,088,000	26,373,000
non-current pension liability	6,305,000	6,277,000	9,725,000	9,686,000	8,886,000	8,983,000	12,149,000	11,505,000	11,692,000	12,543,000
non-current lease obligations	24,940,000	27,000,000	25,950,000	27,783,000	26,369,000	25,925,000	25,635,000	26,613,000	27,668,000	31,420,000	23,612,000	20,834,000	21,446,000	22,807,000	21,490,000
other non-current liabilities	16,646,000	17,564,000	11,749,000	15,599,000	16,531,000	17,928,000	26,489,000	34,445,000	35,375,000	28,657,000	17,408,000	16,401,000	15,986,000	10,339,000	9,697,000	3,893,000	4,264,000	4,500,000	7,365,000	6,477,000	6,956,000	8,877,000	7,601,000	6,794,000	8,385,000	52,189,000	44,181,000	42,687,000	33,842,000	32,255,000	34,601,000	34,590,000	34,209,000	34,756,000	32,527,000	30,861,000	28,050,000	26,740,000	25,476,000	25,283,000	24,236,000	29,680,000	30,646,000	20,459,000	9,422,000	4,567,000	4,671,000	4,068,000	5,161,000	2,766,000	2,674,000	2,465,000	1,285,000	1,544,000	1,303,000	888,000
total liabilities	678,525,000	685,335,000	665,237,000	644,593,000	631,412,000	622,015,000	637,376,000	630,810,000	620,488,000	636,934,000	625,355,000	655,006,000	675,765,000	578,252,000	653,227,000	251,642,000	236,776,000	211,915,000	194,159,000	175,911,000	160,388,000	161,822,000	158,478,000	134,555,000	164,692,000	184,920,000	193,811,000	189,076,000	181,748,000	185,229,000	179,943,000	166,911,000	171,183,000	191,392,000	185,618,000	184,965,000	187,718,000	177,366,000	162,834,000	149,105,000	152,744,000	194,213,000	201,511,000	220,331,000	97,796,000	106,090,000	105,400,000	110,447,000	122,277,000	103,817,000	95,938,000	93,305,000	87,592,000	96,388,000	109,038,000	100,079,000	94,754,678	87,320,758	92,016,093	86,000,693	98,523,001
commitments and contingencies
redeemable non-controlling interest	369,017,000	373,328,000	402,088,000	402,089,000	422,934,000	422,943,000	421,776,000	439,743,000	441,635,000	451,756,000	431,921,000	445,462,000	442,668,000
equity
common stock, par value 0.01 per share...	808,000	802,000	801,000	800,000	800,000	795,000	792,000	791,000	791,000	790,000	787,000	787,000	787,000	781,000	776,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	796,000	796,000	796,000	793,000	394,452	394,452	394,452
additional paid-in capital	803,031,000	801,269,000	799,949,000	814,749,000	812,071,000	808,913,000	806,187,000	802,737,000	798,897,000	795,304,000	770,565,000	766,428,000	762,035,000	895,834,000	883,210,000	292,727,000	290,839,000	288,946,000	286,923,000	285,081,000	283,273,000	279,688,000	278,078,000	276,423,000	274,632,000	272,854,000	270,983,000	269,529,000	267,670,000	265,757,000	264,118,000	262,333,000	260,515,000	258,655,000	256,821,000	254,965,000	252,957,000	251,217,000	249,851,000	248,305,000	246,879,000	246,577,000	243,476,000	231,146,000	172,704,000			135,582,000	138,264,000	141,130,000	141,944,000	142,243,000	142,565,000	142,764,000	141,919,000	135,814,000	110,310,511	99,850,159	97,334,804	96,982,075	96,289,534
accumulated other comprehensive income	70,046,000	78,877,000	74,655,000	78,355,000	31,632,000	10,897,000	47,377,000	28,274,000	29,656,000	47,461,000	32,800,000	62,208,000	55,251,000	46,713,000																														8,990,000	-1,009,000	1,248,000	3,459,000	4,172,000	4,788,000	4,290,000	4,203,000	5,235,000	6,731,000	7,860,000	11,261,000	10,012,000	7,764,206	5,255,340	1,803,071	3,096,669	1,304,763
retained deficit	-731,345,000	-730,010,000	-728,714,000	-719,183,000	-700,502,000	-680,993,000	-635,164,000	-606,375,000	-558,363,000
less treasury stock at cost: 257 and 262 shares as of march 31, 2026 and december 31, 2025, respectively	-5,015,000
total equity	137,525,000	145,830,000	141,583,000	169,613,000	138,893,000	134,414,000	213,994,000	220,229,000	265,783,000	593,822,000	684,893,000	782,470,000	820,162,000	1,303,613,000	1,184,827,000
total liabilities and equity	1,185,067,000	1,204,493,000	1,208,908,000	1,216,295,000	1,193,239,000	1,179,372,000				1,682,512,000				1,881,865,000	1,838,054,000
intangibles		294,047,000			293,064,000	284,893,000	286,098,000	290,793,000	306,448,000	327,985,000	328,695,000	355,084,000	379,286,000	401,211,000	393,575,000	17,473,000	18,405,000	19,293,000	20,291,000	21,354,000	22,384,000	24,465,000	25,455,000	26,472,000	27,821,000	29,113,000	30,503,000	31,817,000	33,183,000
non-current revolving credit agreement outstanding		25,000,000			190,085,000	189,576,000	189,849,000	190,273,000	195,000,000	195,000,000	200,000,000	200,000,000
non-current deferred compensation liability
less treasury stock at cost: 262 and 266 shares as of december 31, 2025 and 2024, respectively		-5,108,000
restricted cash			7,547,000														52,000	215,000	102,000	54,000	119,000	322,000	1,186,000
less treasury stock at cost: 262 and 266 shares as of september 30, 2025 and december 31, 2024, respectively			-5,108,000
less treasury stock at cost: 262 and 266 shares as of june 30, 2025 and december 31, 2024, respectively				-5,108,000
less treasury stock at cost: 262 and 266 shares as of march 31, 2025 and december 31, 2024, respectively					-5,108,000
less treasury stock at cost: 266 and 297 shares as of december 31, 2024 and 2023, respectively						-5,198,000
liabilities, redeemable non-controlling interest and equity
treasury stock							-5,198,000	-5,198,000	-5,198,000		-5,970,000	-5,943,000	-5,917,000		-4,083,000	-660,112,000	-660,013,000		-669,899,000	-673,277,000	-676,221,000	-686,508,000	-686,555,000	-686,545,000		-689,973,000
total liabilities, redeemable non-controlling interest and equity							1,273,146,000	1,290,782,000	1,327,906,000		1,742,169,000	1,882,938,000	1,938,595,000
short-term investments												3,089,000	1,058,000	340,000	803,000	1,773,000	429,000	350,000	2,610,000	2,818,000	4,092,000	6,180,000	9,033,000	5,984,000	33,243,000	28,754,000	30,888,000	31,290,000	3,246,000	5,912,000	6,069,000	16,402,000	16,129,000	31,385,000	47,331,000	52,458,000	43,188,000	55,516,000	50,867,000	29,303,000	34,396,000	42,081,000	78,760,000	136,640,000	96,277,000	159,605,000	160,031,000	154,080,000	180,758,000	147,979,000	134,110,000	124,831,000	25,036,000	15,037,000	21,550,000	11,865,000	16,702,697	21,582,788	39,566,321	19,747,205	39,769,165
revolving credit agreement outstanding
notes payable														24,598,000	29,782,000
retained (deficit) earnings										-243,908,000	-113,289,000	-41,010,000
less treasury stock at cost: 297 and 198 shares as of december 31, 2023 and 2022, respectively										-5,825,000
non-controlling interest														309,072,000	313,677,000
revolving credit agreements outstanding											10,580,000	10,912,000	190,843,000	95,936,000	84,503,000
pension liability											10,732,000	10,883,000	10,698,000	10,624,000	16,220,000	9,889,000	10,667,000	11,402,000	16,988,000	17,566,000	17,579,000	16,282,000	15,649,000	15,546,000	15,886,000
retained earnings													8,006,000	55,338,000	31,535,000	731,821,000	734,249,000	740,820,000	760,398,000	776,054,000	776,121,000	788,294,000	787,220,000	790,849,000	806,702,000	827,783,000	878,630,000	879,180,000	883,975,000	900,324,000	897,586,000	909,611,000	922,178,000	941,845,000	931,044,000	923,116,000	921,942,000	920,395,000	912,536,000	906,820,000	906,772,000	905,928,000	905,884,000	878,384,000	603,600,000	495,848,000	481,915,000	472,558,000	447,219,000	421,027,000	406,334,000	397,228,000	388,784,000	376,292,000	361,236,000	347,202,000	332,101,218	397,927,648	385,548,788	375,009,894	362,899,660
less treasury stock at cost: 198 and 30,590 shares as of december 31, 2022 and 2021, respectively														-4,125,000
accumulated other comprehensive loss															-40,288,000	-16,696,000	-13,556,000	-11,914,000	-14,466,000	-13,140,000	-13,595,000	-12,678,000	-15,346,000	-17,809,000	-16,417,000	-16,506,000	-14,095,000	-14,885,000	-14,416,000	-9,564,000	-9,118,000	-5,803,000	-3,295,000	-4,256,000	-6,816,000	-9,477,000	-12,188,000	-7,826,000	-8,695,000	-7,951,000	-8,969,000	-10,238,000	-3,828,000
liabilities and stockholders' equity
stockholders' equity
total stockholders' equity																348,537,000	352,316,000	357,102,000							380,426,000				446,279,000				497,911,000				479,517,000
total liabilities and stockholders' equity																600,179,000	589,092,000	569,017,000							545,118,000				628,027,000				669,094,000				667,235,000
less treasury stock at cost: 30,590 and 31,280 shares as of december 31, 2021 and 2020, respectively																		-661,547,000
other assets																			31,675,000	28,394,000		20,409,000	18,225,000	17,958,000	14,261,000	23,283,000	13,820,000	14,885,000	5,668,000	31,523,000	32,429,000	32,635,000	13,725,000	13,135,000	13,305,000	12,274,000	12,234,000	13,548,000	9,340,000	9,157,000	9,276,000	9,893,000	10,080,000	11,711,000	103,000	499,000	498,000	497,000	1,346,000	583,000	584,000	586,000	532,000	496,000	493,000	493,000	490,873	487,603	485,775	469,000	469,000
liabilities and stockholders’ equity
stockholders’ equity
total stockholders’ equity																			363,753,000	375,515,000	370,375,000	369,593,000	364,194,000	363,715,000		394,955,000	445,975,000	443,547,000		463,601,000	459,627,000	475,736,000		504,166,000	483,363,000	482,213,000		478,197,000	473,724,000	472,389,000	480,160,000	477,641,000	542,669,000	612,653,000	375,819,000	488,421,000	556,572,000	542,171,000	507,489,000	470,773,000	454,239,000	466,637,000	469,643,000	515,341,000	515,212,000	493,821,000	442,738,347	481,558,922	450,947,298	435,212,127	417,490,537
total liabilities and stockholders’ equity																			557,912,000	551,426,000	530,763,000	531,415,000	522,672,000	498,270,000		579,875,000	639,786,000	632,623,000		648,830,000	639,570,000	642,647,000		695,558,000	668,981,000	667,178,000		655,563,000	636,558,000	621,494,000	632,904,000	671,854,000	744,180,000	832,984,000	473,615,000	594,511,000	661,972,000	652,618,000	629,766,000	574,590,000	550,177,000	559,942,000	557,235,000	611,729,000	624,250,000	593,900,000	537,493,025	568,879,680	542,963,391	521,212,820
bonds payable																									24,600,000	25,600,000	25,600,000	25,600,000	24,600,000	25,600,000	25,600,000	25,600,000	25,600,000	26,800,000	26,800,000	26,800,000	26,800,000	27,900,000	27,900,000	27,900,000	27,900,000	28,800,000	28,800,000	46,500,000	48,250,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000
accrued expenses and other current liabilities																									13,876,000
less treasury stock at cost: 31,638 and 31,901 shares as of december 31, 2019 and 2018, respectively																									-685,288,000
accrued expenses																										15,697,000	14,331,000	14,039,000	11,746,000	14,548,000	14,785,000	13,826,000	13,232,000	15,099,000	13,433,000	15,035,000	12,434,000	16,010,000	12,126,000	13,513,000	12,108,000	13,427,000	12,773,000	16,527,000	3,536,000	4,721,000	4,548,000	4,820,000	3,884,000	3,026,000	2,850,000	2,344,000	3,492,000	3,367,000	3,104,000	2,476,000	12,459,118	9,359,295	10,788,459	8,449,617	9,927,059
less treasury stock at cost: 31,841 and 31,901 shares at june 30, 2019 and december 31, 2018, respectively																											-690,340,000
less treasury stock at cost: 31,875 and 31,901 shares at march 31, 2019 and december 31, 2018, respectively																												-691,074,000
less treasury stock at cost: 31,901 and 31,167 shares at december 31, 2018 and 2017, respectively																													-691,747,000
less treasury stock at cost: 31,941 and 31,167 shares at september 30, 2018 and december 31, 2017, respectively																														-693,713,000
less treasury stock at cost: 31,919 and 31,167 shares at june 30, 2018 and december 31, 2017, respectively																															-693,756,000
less treasury stock at cost: 31,738 and 31,167 shares at march 31, 2018 and december 31, 2017, respectively																																-691,202,000
less treasury stock at cost: 31,167 and 31,180 shares at december 31, 2017 and 2016, respectively																																	-682,284,000
less treasury stock at cost: 31,649 and 31,180 shares at september 30, 2017 and december 31, 2016, respectively																																		-692,875,000
less treasury stock at cost: 31,905 and 31,180 shares at june 30, 2017 and december 31, 2016, respectively																																			-698,483,000
less treasury stock at cost: 31,331 and 31,180 shares at march 31, 2017 and december 31, 2016, respectively																																				-687,188,000
less treasury stock at cost: 31,180 and 30,094 shares at december 31, 2016 and 2015, respectively																																					-683,991,000
less treasury stock at cost: 31,260 and 30,094 shares at september 30, 2016 and december 31, 2015, respectively																																						-686,386,000
less treasury stock at cost: 30,940 and 30,094 shares at june 30, 2016 and december 31, 2015, respectively																																							-680,765,000
less treasury stock at cost: 30,659 and 30,094 shares at march 31, 2016 and december 31, 2015, respectively																																								-675,582,000
less treasury stock at cost: 30,094 and 26,221 shares at december 31, 2015 and 2014, respectively																																									-665,319,000
prepaid expenses																																										5,935,000	5,092,000	4,693,000	2,974,000	3,459,000	2,403,000	2,794,000	3,391,000	3,982,000	3,181,000	2,643,000	3,247,000	2,673,000	2,989,000	2,127,000	2,062,127	2,106,829	2,295,594	2,649,039	2,807,769
less treasury stock at cost: 30,092 and 26,221 shares at september 30, 2015 and december 31, 2014, respectively																																										-665,423,000
less treasury stock at cost: 26,333 and 26,221 shares at march 31, 2015 and december 31, 2014, respectively																																											-603,660,000
less treasury stock at cost: 21,965 and 17,342 shares at september 30, 2013 and december 31, 2012, respectively																																												-506,664,000
less treasury stock at cost: 17,493 shares at december 31, 2008 and 14,739 shares at december 31, 2007																																													-400,273,000
accrued payroll																																														9,483,000	6,982,000	11,678,000	8,176,000	8,569,000	5,835,000	8,347,000	6,187,000	7,453,000	8,559,000	9,658,000
additional paid in capital																																														138,287,000	136,638,000
less treasury stock at cost: 6,209 shares at june 30, 2006 and 3,116 shares at december 31, 2005																																														-147,759,000
less treasury stock at cost: 2,927 shares at march 31, 2006 and 3,116 shares at december 31, 2005																																															-66,237,000
less treasury stock at cost: 3,116 shares at december 31, 2005 and 3,238 shares at december 31, 2004																																																-70,938,000
less treasury stock at cost: 3,673 shares at september 30, 2005 and 3,238 shares at december 31, 2004																																																	-83,579,000
less treasury stock at cost: 4,255 shares at june 30, 2005 and 3,238 shares at december 31, 2004																																																		-96,471,000
less treasury stock at cost: 4,368 shares at march 31, 2005 and 3,238 shares at december 31, 2004																																																			-99,039,000
less treasury stock at cost: 3,238 shares at december 31, 2004																																																				-78,866,000
less treasury stock at cost: 2,786 shares at september 30, 2004																																																					-69,233,000
less treasury stock at cost: 497 at june 30, 2004																																																						-12,371,000
other liabilities																																																								145,000
less treasury stock at cost: 4,125 shares in 2002
current assets:
current liabilities:
income taxes payable																																																									207,003	2,296,876	6,132,622	5,806,883	8,647,208
long term liabilities:
stockholders’ equity:
less treasury stock at cost: 394,127 and 2,062,621 shares at september 30, 2003 and december 31, 2002, respectively																																																									-7,832,040
less treasury stock at cost: 1,108,862 and 2,062,621 shares at june 30, 2003 and december 31, 2002, respectively																																																										-21,868,677
less treasury stock at cost: 1,748,218 and 2,062,621 shares at march 31, 2003 and december 31, 2002, respectively																																																											-34,133,817
common stock																																																												394,452	394,452
less treasury stock at cost: 2,062,621 and 910,236 shares in 2002 and 2001, respectively
deferred income taxes																																																													5,904,755
less treasury stock at cost: 2,222,811 and 910,236 shares at september 30, 2002 and december 31, 2001, respectively																																																													-43,397,872

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-03-31	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31

cash flows from operating activities:
net income	930,000														2,143,000	-1,127,000			5,086,000	896,000		752,000	-9,969,000			3,995,000	770,000	-8,447,000	7,589,000	-7,670,000	-10,814,000	-11,110,000	15,898,000	12,401,000	6,651,000	7,572,000	12,415,000	10,228,000	5,014,000	5,718,000	3,317,000	20,814,000	16,255,000	32,196,000	33,015,000	20,719,000	15,220,000	14,594,000	18,751,000	21,398,000	20,398,000	21,432,086	17,165,159	12,378,860	10,538,895	12,110,234
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	24,916,000	24,230,000	44,990,000	21,596,000	22,564,000	23,265,000	22,628,000	22,528,000	21,527,000	23,955,000	34,065,000	33,402,000	32,770,000	27,548,000	3,574,000	3,661,000	3,838,000	4,014,000	4,110,000	4,122,000	4,121,000	4,039,000	4,365,000	4,456,000	4,402,000	4,417,000	4,496,000	3,939,000	4,426,000	3,912,000	3,614,000	3,658,000	3,657,000	4,054,000	4,323,000	4,147,000	3,571,000	3,342,000	3,347,000	3,480,000	3,728,000
amortization of debt issuance cost	374,000		639,000	320,000	2,937,000	0	0	1,013,000	255,000	316,000	145,000	146,000	88,000
amortization of convertible notes issuance costs	386,000	396,000
loss on investments	822,000			1,631,000						1,214,000	-1,376,000	-3,154,000	-569,000	2,513,000	4,578,000	3,304,000			-2,094,000	-1,161,000
net loss on disposal of property, plant and equipment	60,000	190,000	24,000	13,000	1,168,000			150,000													53,000	0	52,000	9,000	0	64,000	-6,000	-1,000	0	1,000	67,000	-135,000	1,000	5,000	-16,000	1,000	16,000	2,000	3,000	455,000	8,000
stock-based compensation expense	1,819,000	1,324,000	5,888,000	3,210,000	3,925,000	3,624,000	3,836,000	3,957,000	3,787,000	4,126,000	4,291,000	3,812,000	12,410,000	12,131,000	1,888,000	1,893,000	2,023,000	1,842,000	1,808,000	1,807,000	1,610,000	1,655,000	1,791,000	1,778,000	1,871,000	1,454,000	1,859,000	1,912,000	1,640,000	1,784,000	1,819,000	1,860,000	1,834,000	1,856,000	1,883,000	2,094,000	1,492,000	1,551,000	1,558,000	1,924,000	1,639,000	2,062,000	1,967,000
deferred income taxes	-244,000	-4,562,000	1,189,000	-157,000	15,646,000	285,000	6,054,000	-19,738,000	61,499,000	-13,979,000	-7,943,000	-24,019,000	-36,022,000	-26,273,000			-2,221,000	-4,000			4,000	58,000	-63,000	-351,000	32,301,000	-2,115,000	235,000	3,111,000	-3,984,000	-14,507,000	-1,877,000			-825,000	-1,947,000	-2,238,000	-93,000	-789,000	435,000	1,640,000	-692,000	-459,000	-773,000	1,459,000	-2,575,000	-313,000	-215,000	4,383,000	-579,000	-2,314,000	-2,259,000	1,838,826	660,218	76,855	236,101
inventory reserves	143,000	-11,295,000	9,176,000	3,339,000	-2,687,000	2,945,000	1,885,000	1,837,000	-4,290,000	8,951,000	4,834,000	16,051,000	4,318,000	-2,385,000	-2,542,000	-1,754,000
changes in operating assets and liabilities:
accounts receivable	-6,192,000	-30,596,000	25,754,000	16,011,000	-13,338,000	32,533,000	911,000	26,002,000	18,265,000	6,372,000	23,317,000	17,658,000	35,323,000	-20,220,000	-23,012,000	8,697,000	-34,518,000	-2,024,000	-19,560,000	-4,762,000	-4,404,000	-7,779,000	3,052,000	679,000	24,891,000	-17,458,000	170,000	8,034,000	-25,765,000	3,027,000	63,904,000	-42,128,000	-20,886,000	6,664,000	7,247,000	8,068,000	-12,178,000	-21,944,000	4,752,000	14,075,000	-4,571,000	-2,131,000	3,927,000	5,308,000	-7,435,000	764,000	-1,154,000	645,000	5,283,000	-2,940,000	-14,333,000	1,470,327	-2,868,637	-1,754,025	-10,349,665	6,805,103
other receivables	-3,312,000	3,998,000	1,416,000	-1,141,000	5,838,000	-1,404,000	674,000	5,605,000	1,975,000	7,779,000	-1,419,000	1,980,000	-17,934,000	-4,760,000	8,811,000	-6,205,000	-1,400,000	9,740,000	2,632,000	-1,220,000	3,244,000	-2,761,000	-6,707,000	2,401,000	5,967,000	9,677,000	2,001,000	-6,680,000	-1,851,000	6,607,000	-6,598,000	-7,298,000	-3,495,000	-1,313,000	1,884,000	-3,374,000	-401,000	-2,324,000	10,200,000	1,172,000	511,000	-1,628,000	148,000	4,046,000	725,000	-3,414,000	-236,000	320,000	2,618,000	-2,229,000	1,944,000	580,799	-4,646,756	1,330,544	207,413	4,947,998
income taxes receivable	896,000	2,786,000	-2,349,000	-690,000	6,330,000	-29,000	-4,357,000	-1,296,000
inventory	4,671,000	19,068,000	29,594,000	10,345,000	5,759,000	7,261,000	31,725,000	30,426,000	20,001,000	7,456,000	-4,156,000	-2,764,000	3,056,000	-22,311,000	-24,297,000	-29,685,000	-7,969,000	-8,609,000	4,047,000	1,893,000	-13,292,000	-6,280,000	-1,598,000	7,250,000	-10,610,000	-1,362,000	5,974,000	7,649,000	14,480,000	-1,305,000	3,368,000	-6,035,000	-1,936,000	-148,000	-7,399,000	-10,204,000	-5,621,000	4,775,000	163,000	8,068,000	-7,784,000	859,000	2,543,000	3,363,000	-6,891,000	-6,312,000	1,890,000	1,313,000	20,000	731,000	-4,405,000	-1,694,123	1,032,637	-1,931,954	2,544,440	1,519,942
prepaid expenses, other current assets and other assets	-5,558,000	12,061,000	6,095,000	1,504,000	9,365,000	-5,352,000	1,151,000	-15,882,000	-31,699,000	-5,289,000	5,987,000	1,118,000		-61,000	1,841,000	-1,170,000		-3,747,000
accounts payable	366,000	17,397,000	-6,242,000	-4,222,000	2,087,000	13,663,000	-4,519,000	553,000	-4,004,000	-19,980,000	-27,556,000	-40,367,000	-42,276,000	27,413,000	18,150,000	24,818,000	23,656,000	12,800,000	11,185,000	5,629,000	-3,185,000	14,677,000	2,712,000	-7,925,000	-10,578,000	4,843,000	166,000	-9,022,000	4,540,000	10,916,000	-10,233,000	-13,015,000	6,183,000	-9,197,000	-1,713,000	10,359,000	6,009,000	16,874,000	-6,520,000	-19,513,000	20,084,000	7,663,000	-6,348,000	-10,542,000	5,194,000	8,804,000	-630,000	-366,000	-2,802,000	572,000	631,000	2,444,978	6,042,916	-407,388	2,160,494	-8,163,999
accrued expenses and other liabilities	-9,197,000	8,622,000	-11,305,000	352,000	-9,520,000	-4,113,000	11,693,000	7,459,000	11,453,000	6,366,000	-6,239,000	6,349,000	2,522,000	-25,184,000	-1,624,000	3,803,000	-329,000	3,393,000	3,682,000	3,317,000	3,521,000	8,777,000	-6,680,000	-15,162,000	9,924,000	2,995,000	-2,355,000	-3,382,000	-1,852,000	1,182,000	826,000	-2,635,000	-191,000	537,000	-3,166,000	1,485,000	5,833,000	572,000	902,000	-6,293,000	-282,000	2,303,000	-4,203,000	3,934,000	3,470,000	3,872,000	-2,017,000		-1,643,000	-999,000	-271,000
income taxes payable	1,790,000	435,000	-816,000	18,000	-1,495,000	-297,000	-4,033,000	1,155,000	-6,372,000	-3,783,000	-4,100,000	10,316,000	-23,013,000	22,459,000	-293,000	-1,304,000	672,000	3,729,000	572,000	497,000	805,000	-844,000	-188,000																													826,879	-2,089,872	-3,835,746	325,739	-2,840,325
net cash from operating activities	12,670,000	42,238,000	75,341,000	43,181,000	4,544,000	42,030,000	19,898,000	36,598,000	-16,290,000	6,846,000	-16,234,000	-19,926,000	-1,495,000	-36,815,000	-10,787,000	4,869,000	-25,883,000	10,678,000	7,528,000	10,685,000	-6,998,000	1,705,000	-24,000	-12,554,000	-925,000	1,295,000	9,712,000	6,761,000	-4,237,000	6,701,000	46,229,000	-64,404,000	1,446,000	11,542,000	9,037,000	14,168,000	7,215,000	4,941,000	15,676,000	-4,722,000	13,015,000	23,566,000	23,456,000	39,975,000	42,467,000	22,308,000	24,233,000	27,422,000	19,200,000	11,531,000	27,670,000	36,223,603	28,676,375	8,218,758	12,235,264	18,989,615
capital expenditures	-6,209,000	-12,867,000	-10,634,000	-6,237,000	17,412,000	-18,921,000	-16,625,000	-11,685,000	-10,657,000	-13,710,000	-13,371,000	-4,085,000	-6,803,000	-6,637,000	-1,398,000	-1,069,000	-1,559,000	-1,406,000	-1,524,000	-542,000	-1,690,000	-1,846,000	-1,104,000	-3,531,000	-1,771,000	-2,503,000	-1,599,000	-2,708,000	-1,366,000	-2,119,000	-1,855,000	-2,280,000	-4,977,000	-3,692,000	-3,363,000	-7,828,000	-5,385,000	-3,444,000	-2,681,000	-4,615,000	-1,658,000	-2,125,000	-1,422,000	0	-1,861,000	-2,938,000	-2,574,000	0	-2,259,000	-1,724,000	-1,083,000	0	-1,928,275	-1,406,133	-983,990	0
free cash flows	6,461,000	29,371,000	64,707,000	36,944,000	21,956,000	23,109,000	3,273,000	24,913,000	-26,947,000	-6,864,000	-29,605,000	-24,011,000	-8,298,000	-43,452,000	-12,185,000	3,800,000	-27,442,000	9,272,000	6,004,000	10,143,000	-8,688,000	-141,000	-1,128,000	-16,085,000	-2,696,000	-1,208,000	8,113,000	4,053,000	-5,603,000	4,582,000	44,374,000	-66,684,000	-3,531,000	7,850,000	5,674,000	6,340,000	1,830,000	1,497,000	12,995,000	-9,337,000	11,357,000	21,441,000	22,034,000	39,975,000	40,606,000	19,370,000	21,659,000	27,422,000	16,941,000	9,807,000	26,587,000	36,223,603	26,748,100	6,812,625	11,251,274	18,989,615
cash flows from investing activities:
purchases of property, plant and equipment	-7,505,000	-11,671,000	-12,084,000	-7,399,000	15,729,000	-18,814,000	-15,995,000	-13,374,000	-9,447,000	-13,556,000	-11,679,000	-8,439,000	-6,931,000	-6,856,000	-1,824,000	-1,461,000	-2,097,000	-1,362,000	-1,469,000	-741,000	-1,934,000	-1,742,000	-1,406,000	-3,486,000	-1,701,000	-2,435,000	-1,872,000	-2,415,000	-1,512,000	-2,233,000	-1,950,000	-2,416,000	-4,795,000	-3,637,000	-3,872,000	-8,757,000	-6,005,000	-3,513,000	-3,166,000	-3,910,000	-2,442,000	-2,125,000	-1,422,000		-1,861,000	-2,938,000	-2,574,000		-2,259,000	-1,724,000	-1,083,000		-1,928,275	-1,406,133	-983,990
purchases of intangibles - developed technology	-8,435,000	-8,037,000	-20,444,000
proceeds from sales and maturities of available-for-sale investments	736,000	59,000	727,000	660,000	45,000	239,000	83,000	873,000	22,000	8,471,000	1,144,000	930,000	21,187,000	5,403,000	14,806,000	10,265,000	22,161,000	7,708,000	10,510,000	10,087,000	22,827,000	16,878,000	46,440,000					36,892,000	30,321,000	37,362,000	49,074,000	36,480,000	55,381,000	57,420,000	24,471,000	83,972,000	31,110,000	49,407,000	60,586,000	90,707,000	58,075,000
purchases of available-for-sale investments	-75,000	-65,000	-243,000	-170,000	-73,000	-74,000	-77,000	-44,000	-61,000	-227,000	-64,000	-516,000	-1,684,000	-5,213,000	-5,498,000	-11,504,000	-6,178,000	-8,732,000	-8,771,000	-11,350,000	-10,744,000	-15,018,000	-16,879,000					-7,938,000	-25,470,000	-13,841,000	-75,960,000	-13,428,000	-14,573,000	-35,623,000	-29,517,000	-69,991,000	-26,278,000	-60,850,000	-52,053,000	-75,694,000	-44,584,000	-53,279,000	-104,074,000	-79,862,000	-69,867,000	-48,130,000	-44,768,000	-82,788,000	-63,149,000	276,000	-357,000
payments for beneficial interest in securitized accounts receivable	-574,000		-49,000
net cash from investing activities	-15,853,000	-20,021,000	-32,093,000	-18,338,000	-15,307,000	-18,367,000	-15,989,000	-12,545,000	-9,446,000	-5,290,000	-10,674,000	-6,794,000	12,450,000	38,597,000	7,484,000	-2,700,000	13,886,000	-1,886,000	270,000	-2,004,000	10,149,000	118,000	27,632,000	-6,134,000	-3,125,000	-381,000	-151,000	12,300,000	3,339,000	21,288,000	-36,642,000	20,771,000	36,013,000	18,160,000	-8,902,000	5,224,000	-2,116,000	-14,956,000	5,367,000	11,164,000	11,049,000	-10,774,000	-22,369,000	3,317,000	-24,357,000	-12,905,000	-6,268,000	-59,739,000	-42,728,000	66,567,000	14,079,000	10,930,771	-15,385,925	-35,215,392	-5,157,454
cash flows from financing activities:
tax withholdings related to stock-based compensation settlements	-1,645,000	-165,000	-1,223,000	-420,000	-954,000	0	-13,000	-176,000	-127,000	-16,000	-57,000	-6,258,000	-3,738,000	-182,000	-279,000	-54,000	-1,747,000	0	0	-113,000
proceeds from stock option exercises	1,369,000	395,000	1,163,000	756,000	605,000	0	0	219,000	353,000	24,000	105,000	58,000	1,470,000	4,798,000	68,000	568,000	320,000	2,559,000	2,308,000	1,244,000				0	0			162,000	952,000	0	369,000	6,806,000	4,884,000	345,000	1,377,000	3,641,000	535,000	294,000	247,000	54,000	280,000	562,000	2,732,000		9,023,000	1,314,000	265,000		613,000	555,000	3,878,000		18,014,382
payments on financing agreement	-1,400,000
redemption of redeemable non-controlling interest	-8,000	-48,585,000	1,491,000	-3,000	-20,374,000
net cash from financing activities	-1,684,000	-28,634,000	-19,487,000	324,000	-352,000	-44,827,000	-670,000	-4,162,000	-1,444,000	-7,868,000	12,551,000	55,628,000	-8,193,000	69,703,000	-4,650,000	-3,924,000	-5,832,000	-1,830,000	-2,066,000	-3,230,000	-4,328,000	-4,337,000	-28,928,000	-5,304,000	-4,304,000	-3,777,000	-4,485,000	-6,576,000	-4,756,000	-6,915,000	-14,169,000	1,369,000	535,000	-15,757,000	-8,551,000	-4,710,000	-10,173,000	-9,689,000	-15,209,000	-5,858,000	-7,557,000	-88,904,000	-3,473,000	-521,000	-1,137,000	-4,712,000	-26,586,000	-16,385,000	-63,483,000	-18,157,000	-2,487,000	9,866,837	-64,977,207	14,780,495	6,489,875
net increase in cash and cash equivalents	-4,867,000		23,761,000	25,167,000	-11,115,000	-21,164,000	3,239,000	19,891,000	-27,180,000	-6,312,000													-1,320,000	-23,992,000	-8,354,000	-2,863,000	5,076,000	12,485,000	-5,654,000			-42,264,000	37,994,000	13,945,000	-8,416,000	14,682,000	-5,074,000	-19,704,000	5,834,000	584,000	16,507,000			42,771,000	16,973,000	4,691,000	-8,621,000	-48,702,000	-87,011,000	59,941,000	39,262,000	57,021,211	-51,686,757	-12,216,139	13,567,685	40,175,215
effect of exchange rate changes	-2,559,000	884,000	6,489,000	133,000	226,000	-1,565,000	1,189,000	-301,000	-1,745,000	-1,890,000	2,194,000	-1,095,000	-5,217,000	-3,754,000	-2,710,000	-1,032,000	-958,000	-1,338,000	353,000	-1,734,000	2,335,000	1,474,000	-1,168,000	1,358,000	-2,056,000	561,000	-1,461,000	-1,154,000	-492,000	-3,378,000	772,000	444,000	1,461,000	2,295,000	1,079,000	-1,079,000	452,000	-991,000	1,225,000	279,000	-2,937,000	620,000	-248,000	-562,000	179,000	-150,000	-89,000	89,000	346,000	-203,000	-168,000	129,133	-36,313	183,047	18,133
cash and cash equivalents, beginning of period	95,696,000		76,021,000	76,021,000		0	0	87,167,000		0	0	108,644,000											73,773,000		0	0	105,504,000		0	0	86,433,000		0	0	79,895,000		0	0	84,550,000		73,439,000	0	112,794,000		0	0	57,602,000		0	0	132,072,000		0	0	125,092,393
cash and cash equivalents, end of period	88,270,000		106,271,000	101,321,000		-22,729,000	4,428,000	106,757,000		-8,202,000	-12,163,000	136,457,000											71,285,000		-10,410,000	-2,302,000	109,119,000		-6,146,000	17,696,000	82,623,000		39,455,000	16,240,000	72,558,000		-4,622,000	-20,695,000	91,609,000		87,009,000	-75,492,000	110,160,000		17,152,000	4,541,000	48,892,000		-86,665,000	59,738,000	171,166,000		-51,723,070	-12,033,092	138,678,211
supplemental disclosure of cash financing activities:
cash paid for interest	4,451,000		8,049,000	4,129,000	2,659,000	11,671,000	1,311,000	5,243,000	4,056,000	3,821,000	3,109,000	1,610,000	1,095,000
cash (refund) paid for income taxes	-814,000
cash from operating activities related to operating leases	2,425,000	2,479,000	5,236,000	2,696,000	1,894,000	2,600,000	2,396,000	2,384,000	2,304,000	2,296,000	1,025,000	4,057,000
supplemental disclosure of non-cash investing and financing activities:
right-of-use assets obtained in exchange for lease obligations	183,000	2,743,000	3,538,000	1,893,000	3,195,000	123,000	1,157,000	842,000	9,375,000	7,975,000	29,000	486,000	2,506,000	352,000	220,000	332,000		1,558,000	27,000	248,000
purchases of property, plant and equipment included in accounts payable	1,296,000	-1,158,000	1,450,000	1,162,000	1,683,000	-107,000	-630,000	1,689,000	-1,210,000	-154,000	-1,692,000	4,354,000	128,000	219,000	426,000	392,000	538,000	-44,000	-55,000	199,000	244,000	-104,000	302,000	-45,000	-70,000	-68,000	273,000	-293,000	146,000	114,000	95,000	136,000	-182,000	-55,000	509,000	929,000	620,000	69,000	485,000	-705,000	784,000
net loss		-1,280,000	-27,206,000	-8,948,000	-43,510,000			-321,670,000				-40,453,000
adjustments to reconcile net loss to net cash from operating activities:
goodwill impairment					0	0	0	292,583,000	0
amortization of revolving credit facility issuance costs		376,000
accretion on available-for-sale investments
gain on investments		-912,000	-1,506,000			-1,371,000	-246,000	-2,621,000									-1,807,000
inventory write down - business efficiency program					0	0
other						-141,000	-671,000	545,000	-3,146,000	74,000	131,000	-1,000		5,000	89,000	-62,000	23,000	36,000	-31,000	84,000
change in operating assets and liabilities:
(payments for) proceeds from beneficial interests in securitized accounts receivable
dividend payments									0	-7,081,000	-7,080,000	-7,076,000	-7,026,000	-6,982,000	-4,439,000	-4,438,000	-4,405,000	-4,389,000	-4,374,000	-4,361,000	-4,328,000	-4,337,000	-4,328,000	-4,304,000	-4,304,000	-4,303,000	-4,301,000	-4,291,000	-4,297,000	-4,312,000	-4,367,000	-4,337,000	-4,312,000	-4,350,000	-4,369,000	-4,353,000	-4,370,000	-4,407,000	-4,453,000	-4,460,000	-4,811,000	-6,881,000	-6,898,000	-6,857,000	-6,823,000	-6,026,000	-6,114,000	-6,151,000	-6,258,000	-6,341,000	-6,365,000	-5,935,411
proceeds from receivables purchase agreement					0	0	38,325,000	30,231,000
repayments on receivables purchase agreement					0	-17,373,000	-33,962,000	-32,437,000
proceeds from draw on revolving credit agreement		25,000,000
repayment of revolving credit agreement		-25,000,000
payment of annual recurring compensation to non-controlling interest		0
payment of debt issuance cost			-64,000		0	0	0	-1,994,000	0				0
proceeds from issuance of senior convertible notes
payments for capped call transactions related to convertible senior notes		0
repayment of notes payable									40,000	-46,000	-193,000	-24,692,000	-7,645,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
purchases of property, plant and equipment included in other non-current liabilities		-38,000
proceeds from issuance of convertible notes
payment for redemption of redeemable non-controlling interest			-19,363,000	-12,000		-17,370,000	-20,000	-5,000
payment of debt issuance costs on revolving credit facility and convertible notes
net increase in cash, cash equivalents and restricted cash												28,908,000		71,485,000	-7,953,000	-1,755,000		6,962,000	5,732,000	5,451,000
cash, cash equivalents and restricted cash, end of period														67,731,000	-10,663,000	54,031,000		5,624,000	6,085,000	63,896,000	1,158,000
cash paid for interest expense
cash paid for income taxes, net of refunds			4,155,000
debt issuance costs included in accrued expenses and other liabilities
proceeds from draw on revolving credit agreements			24,000,000						-27,000	31,000	25,493,000	138,236,000	8,746,000
repayment of revolving credit agreements			-24,000,000		-26,000,000	0			-15,754,000	-78,000	-5,691,000	-43,464,000	0
supplemental disclosure of non-cash investing activities:
purchases of intangibles - developed technologies				-11,296,000
payments for beneficial interests in securitized accounts receivable				-133,000
cash paid for income taxes				2,367,000		1,689,000	5,118,000	2,315,000
asset impairment
amortization on available-for-sale investments
(payments) for and proceeds from beneficial interests in securitized accounts receivable
proceeds from disposals of property, plant and equipment													0																			135,000	0	0	16,000					61,000
acquisition of business, net of cash acquired													46,000
cash, cash equivalents and restricted cash, beginning of year
cash, cash equivalents and restricted cash, end of year
supplemental disclosure of cash flow information:
adtran networks common shares exchanged in acquisition
adtran networks options assumed in acquisition
non-controlling interest related to adtran networks
proceeds from beneficial interests in securitized accounts receivable									40,000	22,000	-75,000	1,231,000	-168,000
payment for annual recurring compensation to non-controlling interest
net income on disposal of property, plant and equipment
inventory write down								3,992,000	3,270,000
payment for beneficial interests in securitized accounts receivable
(gain) loss on investments
insurance proceeds received																	0
supplemental disclosure of cash financing activities
supplemental disclosure of non-cash investing activities
non-controlling interest put option buyback										6,000	-26,000	-1,176,000
asset impairments																					0	0	65,000	0
amortization of net discount on available-for-sale investments
prepaid expenses other current assets and other assets
acquisition of note receivable																					0	0	-523,000
repayment of bonds payable																					0	0	-24,600,000
adva common shares exchanged in acquisition													0
adva options assumed in acquisition													0
non-controlling interest related to adva													0
cash, cash equivalents and restricted cash, beginning of period														0	0	56,818,000		0	0	60,179,000	0
proceeds from draw on line of credit															20,000,000	8,000,000
repayment of line of credit															-20,000,000	-8,000,000
gain on contingency payment
gain on life insurance proceeds																								0	0
prepaid expenses and other assets																				-417,000	-2,116,000	-762,000	2,206,000	12,820,000	-14,786,000	1,906,000	2,809,000	2,005,000	-1,435,000	-426,000	10,583,000	4,817,000	206,000	-7,440,000	-2,413,000	-1,928,000	-917,000	-1,180,000	-3,083,000	-3,405,000	-213,000	-1,057,000	390,000	598,000	590,000	-800,000	-536,000	550,000	-574,000	315,000	-863,000	-67,039	41,433	186,935	336,671	158,730
acquisition of business																									0				0	0	-7,806,000					0
purchases of treasury stock																								0	0	0	-184,000	-1,347,000	-1,411,000	-2,603,000	-10,171,000	0	-37,000	-11,752,000	-5,559,000	-2,900,000	-6,338,000	-5,576,000	-11,003,000	-352,000	-3,035,000				-3,337,000	0	-20,737,000		-57,838,000
payments on long-term debt
supplemental disclosure of cash flow information
cash paid during the year for interest
cash paid during the year for income taxes
supplemental cash flow information:
non-cash investing activities:
amortization of net premium on available-for-sale investments																					4,000	25,000	61,000			-63,000	6,000		-34,000	-22,000	42,000	73,000	114,000	114,000	124,000	154,000	113,000	156,000	220,000	317,000	910,000
net gain on long-term investments																									216,000
gain on contingency																									0
life insurance proceeds received																								0	0
net decrease in cash, cash equivalents and restricted cash
net loss on long-term investments																						-9,852,000	10,877,000				-5,926,000
amortization of net premium (discount) on available-for-sale investments																								-14,000
gain on bargain purchase of a business																												0	0	0	-11,322,000					8,000
contingent payment
income tax payable																									-2,243,000	-2,343,000	-487,000		2,516,000	4,192,000	2,753,000								413,000		-524,000	-7,237,000	7,046,000		9,510,000	-4,719,000	6,335,000		-2,422,000	-6,649,000	8,926,000
proceeds from sales and maturities of debt and equity investments																									14,255,000	7,267,000	17,039,000
purchases of debt and equity investments																									-15,679,000	-6,226,000	-15,318,000
contingent payments
net realized gain on long-term investments																																-1,816,000	-1,009,000	-1,390,000	-470,000				-1,728,000	-1,907,000	-3,115,000
net realized loss on long-term investments																															97,000
net decrease in cash and cash equivalents																															-4,582,000											-76,112,000	-2,386,000
cash flows from operating activities
tax impact of stock option exercises
cash flows from investing activities
cash flows from financing activities
income tax payable/receivable																																	-1,702,000	6,224,000	4,049,000		1,858,000
excess tax benefits from stock-based compensation arrangements																																								0	-9,000	-125,000	-693,000
net realized investment gain																																					-1,316,000
tax benefit from stock option exercises																																									8,000
depreciation																																										2,757,000	2,737,000	2,997,000	3,059,000	3,526,000	3,617,000	4,284,000	3,709,000	3,688,000	3,692,000	3,768,006	3,756,848	3,828,516	3,893,630	3,986,549
gain on sale of long-term investments																																										-474,000	-600,000	-437,000
loss on disposition of property, plant and equipment
tax benefits from stock option exercises																																										213,000	1,058,000
proceeds from disposition of property, plant and equipment																																													0	0	2,000		0	32,000	2,000		0
proceeds from sales of available-for-sale investments																																										44,530,000	83,627,000		47,371,000	38,163,000	41,072,000		22,375,000	67,037,000	14,463,000
loss on sale of property, plant and equipment																																											2,000	5,000	0			58,000	0	9,000	-2,000	-1,481	0	0	4,481	32,425
acquisition of business assets																																											-500,000
non-cash compensation expense
income tax benefit from exercise of non-qualified stock options																																												3,610,000	3,931,000			281,000	163,000	290,000	2,230,000	17,155,394
income tax receivable																																												0	0	0	2,442,000	237,000	-2,679,000	-270,000	11,856,000
expenditures for property, plant and equipment
proceeds from the disposition of property, plant and equipment
proceeds from sale of available-for-sale investments
proceeds from maturities of held-to-maturity investments																																																2,415,000	305,000	946,000	1,054,000
purchases of held-to-maturity investments
proceeds from issuance of common stock																																																							6,489,875	3,222,717
purchase of treasury stock
loss on sale of long-term investments																																														-259,000	-481,000			-71,000	126,000	451	0	-224,674	-1,777	93,796
gain on sale of property, plant and equipment																																															-2,000
loss on sale of short-term investments
write-down of equity and debt securities
accrued expenses and unearned revenue
write-down of other equity and debt securities
accrued expenses																																																				-326,500	3,099,823	-1,429,165	2,338,842	-1,477,442
gain on sale of short-term investments
impairment of investments
proceeds from sales of short-term investments																																																					10,745,660	-3,199,125	8,796,971
purchases of short-term investments																																																					-5,865,569	21,182,658	-28,616,087
proceeds from sales of long-term investments																																																					19,250,001	21,093,280	28,117,700
purchases of long-term investments																																																					-37,587,742	-72,886,072	-12,479,048
adjustments to reconcile net income to net cash provided by operating activities:
write-down of equity securities
proceeds from disposition of property, plant, and equipment																																																							7,000
income tax benefit from exercise of non-qualifying stock options
proceeds from sale of long-term investments
proceeds from sale of short-term investments

ADTRAN, Inc(NASDAQ:ADTN)

ADTRAN, Inc
(NASDAQ:ADTN)