Crocs, Inc
(NASDAQ:CROX)

Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including sandals, wedges, flips, slides clogs, charms, and shoes under the Crocs brand ...

Website: http://www.crocs.com

Founded: 2002

Full Time Employees: 6,680 (Dec 2022)

Sector: Consumer Cyclical

Industry: Footwear & Accessories

Consumer Cyclical Shoes

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At a glance:

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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	2020-12-31	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	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31

revenues	921,457,000	957,640,000	996,301,000	1,149,373,000	937,333,000	989,773,000	1,062,200,000	1,111,502,000	938,633,000	960,097,000	1,045,717,000	1,072,367,000	884,166,000	945,162,000	985,094,000	964,581,000	660,148,000	586,626,000	625,919,000	640,773,000	460,098,000	411,506,000	361,736,000	331,549,000	281,160,000	262,979,000	312,766,000	358,899,000	295,949,000	215,989,000	261,064,000	328,004,000	283,148,000	199,112,000	243,273,000	313,221,000	267,907,000	187,417,000	245,888,000	323,828,000	279,140,000	274,088,000	345,671,000	262,193,000	302,401,000	376,920,000	312,429,000	288,524,000	363,827,000	311,656,000	224,992,000	295,569,000	330,942,000	271,798,000	203,714,000	274,897,000	295,585,000	226,708,000	215,605,000	228,046,000	166,852,000	224,273,000	142,002,000	112,904,000	111,345,000	85,635,000	44,844,000
yoy	-1.69%	-3.25%	-6.20%	3.41%	-0.14%	3.09%	1.58%	3.65%	6.16%	1.58%	6.15%	11.17%	33.93%	61.12%	57.38%	50.53%	43.48%	42.56%	73.03%	93.27%	63.64%	56.48%	15.66%	-7.62%	-5.00%	21.76%	19.80%	9.42%	4.52%	8.48%	7.31%	4.72%	5.69%	6.24%	-1.06%	-3.28%	-4.02%	-31.62%	-28.87%	23.51%	-7.69%	-27.28%	10.64%	-9.13%	-16.88%	20.94%	38.86%	-2.38%	9.94%	14.66%	10.45%	7.52%	11.96%	19.89%	-5.52%	20.54%	77.15%	1.09%	51.83%	101.98%	49.85%	161.89%	216.66%
qoq	-3.78%	-3.88%	-13.32%	22.62%	-5.30%	-6.82%	-4.44%	18.42%	-2.24%	-8.19%	-2.49%	21.29%	-6.45%	-4.05%	2.13%	46.12%	12.53%	-6.28%	-2.32%	39.27%	11.81%	13.76%	9.10%	17.92%	6.91%	-15.92%	-12.85%	21.27%	37.02%	-17.27%	-20.41%	15.84%	42.21%	-18.15%	-22.33%	16.91%	42.95%	-23.78%	-24.07%	16.01%	1.84%	-20.71%	31.84%	-13.30%	-19.77%	20.64%	8.29%	-20.70%	16.74%	38.52%	-23.88%	-10.69%	21.76%	33.42%	-25.89%	-7.00%	30.38%	5.15%	-5.46%	36.68%	-25.60%	57.94%	25.77%	1.40%	30.02%	90.96%
cost of sales	398,512,000	433,978,000	413,293,000	440,537,000	395,784,000	416,847,000	428,861,000	429,586,000	416,556,000	429,400,000	464,081,000	451,060,000	407,796,000	448,839,000	443,792,000	466,848,000	335,224,000	214,602,000	226,123,000	245,592,000	206,879,000	182,422,000	154,967,000	151,616,000	146,998,000	136,741,000	148,942,000	169,520,000	158,334,000	116,167,000	122,005,000	146,604,000	143,275,000	108,745,000	119,810,000	143,414,000	134,323,000	108,693,000	123,454,000	154,188,000	149,774,000	153,267,000	155,801,000	134,823,000	146,801,000	174,349,000	156,202,000	134,943,000	162,960,000	145,807,000	118,642,000	134,826,000	134,857,000	126,999,000	825,084,000	-127,722,000		107,502,000	96,797,000	96,127,000	80,148,000	92,329,000	57,517,000	47,810,000	46,521,000	38,665,000	21,163,000
gross profit	522,945,000	523,662,000	583,008,000	708,836,000	541,549,000	572,926,000	633,339,000	681,916,000	522,077,000	530,697,000	581,636,000	621,307,000	476,370,000	496,323,000	541,302,000	497,733,000	324,924,000	372,024,000	399,796,000	395,181,000	253,219,000	229,084,000	206,769,000	179,933,000	134,162,000	126,238,000	163,824,000	189,379,000	137,615,000	99,822,000	139,059,000	181,400,000	139,873,000	90,367,000	123,463,000	169,807,000	133,584,000	78,724,000	122,434,000	169,640,000	129,366,000	120,821,000	189,870,000	127,370,000	155,017,000	202,571,000	156,227,000	153,581,000	200,867,000	165,849,000	106,350,000	160,743,000	196,085,000	144,799,000	99,812,000	147,175,000	170,218,000	119,206,000	118,808,000	131,919,000	86,704,000	131,944,000	84,485,000	65,094,000	64,824,000	46,970,000	23,681,000
yoy	-3.44%	-8.60%	-7.95%	3.95%	3.73%	7.96%	8.89%	9.76%	9.59%	6.93%	7.45%	24.83%	46.61%	33.41%	35.39%	25.95%	28.32%	62.40%	93.35%	119.63%	88.74%	81.47%	26.21%	-4.99%	-2.51%	26.46%	17.81%	4.40%	-1.61%	10.46%	12.63%	6.83%	4.71%	14.79%	0.84%	0.10%	3.26%	-34.84%	-35.52%	33.19%	-16.55%	-40.36%	21.53%	-17.07%	-22.83%	22.14%	46.90%	-4.46%	2.44%	14.54%	6.55%	9.22%	15.20%	21.47%	-15.99%	11.56%	96.32%	-9.65%	40.63%	102.66%	33.75%	180.91%	256.76%
qoq	-0.14%	-10.18%	-17.75%	30.89%	-5.48%	-9.54%	-7.12%	30.62%	-1.62%	-8.76%	-6.39%	30.43%	-4.02%	-8.31%	8.75%	53.18%	-12.66%	-6.95%	1.17%	56.06%	10.54%	10.79%	14.91%	34.12%	6.28%	-22.94%	-13.49%	37.62%	37.86%	-28.22%	-23.34%	29.69%	54.78%	-26.81%	-27.29%	27.12%	69.69%	-35.70%	-27.83%	31.13%	7.07%	-36.37%	49.07%	-17.83%	-23.48%	29.66%	1.72%	-23.54%	21.11%	55.95%	-33.84%	-18.02%	35.42%	45.07%	-32.18%	-13.54%	42.79%	0.33%	-9.94%	52.15%	-34.29%	56.17%	29.79%	0.42%	38.01%	98.34%
gross margin %	56.75%	54.68%	58.52%	61.67%	57.78%	57.88%	59.63%	61.35%	55.62%	55.28%	55.62%	57.94%	53.88%	52.51%	54.95%	51.60%	49.22%	63.42%	63.87%	61.67%	55.04%	55.67%	57.16%	54.27%	47.72%	48.00%	52.38%	52.77%	46.50%	46.22%	53.27%	55.30%	49.40%	45.39%	50.75%	54.21%	49.86%	42.00%	49.79%	52.39%	46.34%	44.08%	54.93%	48.58%	51.26%	53.74%	50.00%	53.23%	55.21%	53.22%	47.27%	54.38%	59.25%	53.27%	49.00%	53.54%	57.59%	52.58%	55.10%	57.85%	51.96%	58.83%	59.50%	57.65%	58.22%	54.85%	52.81%
selling, general and administrative expenses	322,101,000	377,265,000	375,348,000	398,237,000	318,575,000	373,011,000	363,510,000	356,178,000	295,648,000	311,896,000	307,784,000	302,818,000	241,442,000	276,271,000	277,239,000	249,769,000	206,247,000	212,036,000	196,728,000	199,859,000	128,533,000	143,382,000	134,683,000	123,338,000	113,350,000	117,882,000	123,940,000	141,548,000	105,037,000	111,577,000	125,164,000	144,336,000	113,951,000	115,460,000	120,778,000	140,361,000	118,002,000	117,062,000	122,719,000	148,463,000	114,930,000	135,110,000	168,636,000	126,069,000	143,719,000	153,370,000	139,405,000	135,674,000	150,246,000	128,199,000	110,656,000	120,729,000	124,718,000	104,136,000	710,627,000	-111,597,000		88,614,000	92,192,000	94,047,000	74,778,000
income from operations	200,844,000	146,397,000	207,660,000	-427,516,000	222,974,000	199,915,000	269,829,000	325,738,000	226,429,000	209,514,000	273,852,000	318,489,000	234,928,000	220,052,000	264,063,000	247,964,000	118,677,000	159,988,000	203,068,000	195,322,000	124,686,000	64,631,000	72,086,000	56,595,000	20,812,000	8,356,000	39,884,000	47,831,000	32,578,000	-13,937,000	13,895,000	37,064,000	25,922,000	-30,377,000	2,685,000	29,446,000	15,582,000	-39,787,000		20,605,000	14,243,000		16,349,000		1,113,000	41,911,000	16,822,000	17,907,000	50,419,000	37,650,000	-4,897,000	40,014,000	71,261,000	39,796,000	6,416,000	37,068,000	64,774,000	28,248,000			9,395,000	68,472,000	37,158,000	30,215,000	31,480,000	23,658,000	9,992,000
yoy	-9.92%	-26.77%	-23.04%	-231.25%	-1.53%	-4.58%	-1.47%	2.28%	-3.62%	-4.79%	3.71%	28.44%	97.96%	37.54%	30.04%	26.95%	-4.82%	147.54%	181.70%	245.12%	499.11%	673.47%	80.74%	18.32%	-36.12%	-159.96%	187.04%	29.05%	25.68%	-54.12%	417.50%	25.87%	66.36%	-23.65%		42.91%	9.40%				1179.69%		-2.81%		-97.79%	11.32%	-443.52%	-55.25%	-29.25%	-5.39%	-176.32%	7.95%	10.01%	40.88%			589.45%	-58.75%			-70.16%	189.42%	271.88%
qoq	37.19%	-29.50%	-148.57%	-291.73%	11.53%	-25.91%	-17.16%	43.86%	8.07%	-23.49%	-14.02%	35.57%	6.76%	-16.67%	6.49%	108.94%	-25.82%	-21.21%	3.97%	56.65%	92.92%	-10.34%	27.37%	171.93%	149.07%	-79.05%	-16.61%	46.82%	-333.75%	-200.30%	-62.51%	42.98%	-185.33%	-1231.36%	-90.88%	88.97%	-139.16%			44.67%					-97.34%	149.14%	-6.06%	-64.48%	33.92%	-868.84%	-112.24%	-43.85%	79.07%	520.26%	-82.69%	-42.77%	129.30%				-86.28%	84.27%	22.98%	-4.02%	33.06%	136.77%
operating margin %	21.80%	15.29%	20.84%	-37.20%	23.79%	20.20%	25.40%	29.31%	24.12%	21.82%	26.19%	29.70%	26.57%	23.28%	26.81%	25.71%	17.98%	27.27%	32.44%	30.48%	27.10%	15.71%	19.93%	17.07%	7.40%	3.18%	12.75%	13.33%	11.01%	-6.45%	5.32%	11.30%	9.15%	-15.26%	1.10%	9.40%	5.82%	-21.23%	0%	6.36%	5.10%	0%	4.73%	0%	0.37%	11.12%	5.38%	6.21%	13.86%	12.08%	-2.18%	13.54%	21.53%	14.64%	3.15%	13.48%	21.91%	12.46%	0%	0%	5.63%	30.53%	26.17%	26.76%	28.27%	27.63%	22.28%
foreign currency gains	-1,625,000	1,579,000	2,957,000	434,000	4,873,000			-1,323,000				551,000	-403,000	4,343,000	-393,000		480,000	-21,000	537,000			306,000	-516,000			-430,000	585,000	-261,000	-1,217,000	-269,000	233,000	283,000	1,071,000
interest income	335,000	609,000	531,000	371,000	333,000	576,000	1,366,000	1,126,000	416,000	1,181,000	506,000	548,000	171,000	801,000	31,000	86,000	102,000	62,000	615,000	71,000	27,000	26,000	43,000	49,000	97,000	108,000	167,000	131,000	195,000	434,000	422,000	146,000	279,000	294,000	269,000	157,000	150,000	134,000	178,000	164,000	216,000	268,000	196,000	288,000
interest expense	-20,459,000	-21,287,000	-21,711,000	-22,523,000	-22,766,000	-23,337,000	-26,203,000	-29,161,000	-30,563,000	-36,444,000	-39,207,000	-43,063,000	-42,637,000	-49,801,000	-34,142,000	-32,963,000	-19,252,000	-8,817,000	-6,486,000	-4,712,000	-1,632,000	-1,149,000	-1,502,000	-2,170,000	-1,921,000	-1,893,000	-2,505,000	-2,421,000	-1,817,000	-584,000	-126,000	-132,000	-113,000	-330,000	-167,000	-188,000	-184,000								366,000	128,000	191,000	44,000	266,000	209,000	281,000	377,000	132,000	47,000	1,485,000	-204,000		188,000	153,000	163,000	129,000	51,000	63,000	34,000	162,000	92,000	279,000
other expense	-251,000												-293,000																																			13,000	195,000		-436,750	-80,000	-1,069,000	-572,000				328,000	137,000
income before income taxes	178,844,000	127,218,000	189,428,000	-448,607,000	204,939,000	175,234,000	244,897,000	296,425,000	194,029,000	173,859,000	233,405,000	277,242,000	191,766,000	175,569,000	229,575,000	214,304,000	99,060,000	152,959,000	197,736,000	190,566,000	122,588,000	63,423,000	70,084,000	54,694,000	18,778,000	6,220,000	38,097,000	44,676,000	30,329,000	-14,016,000	14,584,000	37,377,000	27,212,000	-29,938,000	2,584,000	29,586,000	15,948,000	-39,067,000	157,000	18,646,000	13,051,000		15,988,000		98,000	41,996,000	14,481,000	17,660,000	49,661,000	35,175,000	-4,044,000	39,696,000	73,825,000	36,071,000	7,096,000	36,827,000	64,778,000	27,989,000			9,109,000	68,820,000	37,611,000	30,718,000	31,975,000	23,932,000	10,000,000
income tax expense	41,288,000	22,053,000	43,612,000	43,675,000	44,836,000	-193,675,000	45,096,000	67,518,000	41,575,000	-79,727,000	56,380,000	64,830,000	42,223,000	37,834,000	60,226,000	53,989,000	26,300,000	-14,987,750	44,247,000	-128,388,000	24,190,000	-119,907,000	8,195,000	-1,857,000	7,687,000	-13,693,000	2,421,000	5,478,000	5,619,000	-3,130,000	4,092,000	3,000,000	10,758,000	-5,577,000	955,000	7,627,000	-4,938,000									18,719,000	5,357,000	4,624,000	14,305,000	6,214,000	-437,000	-5,384,000	12,301,000	7,725,000				6,485,000	2,179,000	6,602,000	3,392,000	20,369,000	12,666,000	9,934,000	10,449,000	8,266,000	3,560,000
net income	137,556,000	105,165,000	145,816,000	-492,282,000	160,103,000	368,909,000	199,801,000	228,907,000	152,454,000	253,586,000	177,025,000	212,412,000	149,543,000	137,735,000	169,349,000	160,315,000	72,760,000	154,853,000	153,489,000	318,954,000	98,398,000	183,330,000	61,889,000	56,551,000	11,091,000	19,913,000	35,676,000	39,198,000	24,710,000	-10,886,000	10,492,000	34,377,000	16,454,000	-24,361,000	1,629,000	21,959,000	11,010,000	-40,644,000	-1,533,000	15,537,000	10,146,000	-24,024,000	13,426,000		15,767,000	23,277,000	9,124,000	13,036,000	35,356,000	28,961,000	-3,607,000	45,080,000	61,524,000	28,346,000	5,571,000	30,207,000	55,506,000	21,504,000	24,996,000	32,284,000	5,717,000	48,451,000	24,945,000	20,784,000	21,526,000	15,666,000	6,440,000
yoy	-14.08%	-71.49%	-27.02%	-315.06%	5.02%	45.48%	12.87%	7.77%	1.95%	84.11%	4.53%	32.50%	105.53%	-11.05%	10.33%	-49.74%	-26.06%	-15.53%	148.01%	464.01%	787.19%	820.65%	73.48%	44.27%	-55.12%	-282.92%	240.03%	14.02%	50.18%	-55.31%	544.08%	56.55%	49.45%	-40.06%	-206.26%	41.33%	8.52%	69.18%	-111.42%		-35.65%	-203.21%	47.15%		-55.41%	-19.63%	-352.95%	-71.08%	-42.53%	2.17%	-164.75%	49.24%	10.84%	31.82%	-77.71%	-6.43%	870.89%	-55.62%	0.20%	55.33%	-73.44%	209.27%	287.34%
qoq	30.80%	-27.88%	-129.62%	-407.48%	-56.60%	84.64%	-12.72%	50.15%	-39.88%	43.25%	-16.66%	42.04%	8.57%	-18.67%	5.64%	120.33%	-53.01%	0.89%	-51.88%	224.15%	-46.33%	196.22%	9.44%	409.88%	-44.30%	-44.18%	-8.99%	58.63%	-326.99%	-203.76%	-69.48%	108.93%	-167.54%	-1595.46%	-92.58%	99.45%	-127.09%	2551.27%	-109.87%	53.13%	-142.23%	-278.94%			-32.26%	155.12%	-30.01%	-63.13%	22.08%	-902.91%	-108.00%	-26.73%	117.05%	408.81%	-81.56%	-45.58%	158.12%	-13.97%	-22.57%	464.70%	-88.20%	94.23%	20.02%	-3.45%	37.41%	143.26%
net income margin %	14.93%	10.98%	14.64%	-42.83%	17.08%	37.27%	18.81%	20.59%	16.24%	26.41%	16.93%	19.81%	16.91%	14.57%	17.19%	16.62%	11.02%	26.40%	24.52%	49.78%	21.39%	44.55%	17.11%	17.06%	3.94%	7.57%	11.41%	10.92%	8.35%	-5.04%	4.02%	10.48%	5.81%	-12.23%	0.67%	7.01%	4.11%	-21.69%	-0.62%	4.80%	3.63%	-8.77%	3.88%	0%	5.21%	6.18%	2.92%	4.52%	9.72%	9.29%	-1.60%	15.25%	18.59%	10.43%	2.73%	10.99%	18.78%	9.49%	11.59%	14.16%	3.43%	21.60%	17.57%	18.41%	19.33%	18.29%	14.36%
net income per common share:
basic	2,740	1,880	2,720	-8,820	2,850	6,310	3,380	3,790	2,520	4,170	2,900	3,420	2,420	2,230	2,750	2,600	1,220	2,660	2,470	5,020	1,500	2,720	920	840	160	300	520	550	340	150	80	370	150	65	-30	210	80			130			110	-80	120	190	60	150	400	330	-40	500	680	320	302.5	340	620	240	290	380	70
diluted	2,710	1,880	2,700	-8,820	2,830	6,260	3,360	3,770	2,500	4,140	2,870	3,390	2,390	2,200	2,720	2,580	1,190	2,600	2,420	4,930	1,470	2,670	910	830	160	280	510	550	330	145	70	350	150	65	-30	200	80			130			110	-80	120	190	60	150	400	330	-40	490	680	310	295	330	610	240	280	370	70
weighted-average common shares outstanding:
basic	50,282,000	54,208,000	53,641,000	55,783,000	56,110,000	59,381,000	59,046,000	60,320,000	60,564,000	61,386,000	61,143,000	62,037,000	61,836,000	61,220,000	61,693,000	61,590,000	59,823,000	62,464,000	62,033,000	63,595,000	65,458,000	67,386,000	67,473,000	67,416,000	67,931,000	70,357,000	69,097,000	70,936,000	73,009,000	68,421,000	67,821,000	68,153,000	68,705,000	72,255,000																											84,485,728,000	80,253,555,000	39,631,981,000	37,229,200,000	38,773,362,000	38,286,877,000	32,897,743,000
diluted	50,707,000	54,208,000	53,989,000	55,783,000	56,502,000	59,832,000	59,501,000	60,766,000	61,054,000	61,952,000	61,615,000	62,603,000	62,629,000	62,006,000	62,367,000	62,236,000	60,896,000	63,718,000	63,324,000	64,640,000	66,848,000	68,544,000	68,385,000	68,038,000	69,218,000	71,771,000	70,176,000	71,915,000	74,875,000	68,421,000	72,774,000	71,467,000	71,668,000	72,255,000																											87,218,802,000	83,686,108,000	41,219,824,000	40,085,256,000	40,465,723,000	40,427,703,000	38,259,456,000
goodwill impairment
asset impairments				738,115,000
other income		-80,000	-9,000	627,000	-475,000	929,000	237,000	45,000	20,000	-774,000	24,000	717,000		174,000	16,000	419,000	-947,000	1,782,000	2,000	2,000	11,000	-391,000	-27,000	907,000	21,000	79,000	-34,000	-604,000	590,000	340,000	160,000	16,000	53,000	93,000	54,000	9,000	124,000													-334,000					-133,500	-98,000					241,000		-516,000
foreign currency losses						-982,000	-332,000		-2,273,000	-405,500	-1,770,000					-1,202,000				-117,000	-504,000			-687,000	-231,000
dividends on series a convertible preferred stock																														-99,224,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000
dividend equivalents on series a convertible preferred stock related to redemption value accretion and beneficial conversion feature																														-8,575,000	-972,000
net income attributable to common stockholders																										19,913,000	35,676,000	39,198,000	24,710,000	12,367,250	6,520,000	30,426,000	12,523,000	5,744,500	-2,263,000	18,086,000	7,155,000			11,735,000			9,690,000	-5,979,000	12,009,000	19,523,000	6,373,000
dividend equivalents on series a convertible preferred shares related to redemption value accretion and beneficial conversion feature																																-951,000	-931,000	-911,000	-892,000	-873,000	-855,000								691,000	721,000	618,000
foreign currency gain																																		382,000	-257,000	162,000	276,000
weighted-average common shares outstanding - basic																																			71,895,000	73,953,000
weighted-average common shares outstanding - diluted																																			71,895,000	74,572,000
asset impairment charges																																						423,750	930,000	572,000	193,000	5,460,000	2,075,000		2,600,000	3,230,000
restructuring charges																																												3,663,000	583,000	4,060,000															2,539,000
foreign currency transaction gain																																							1,379,000					494,000
other income (expense)																																									82,000
net income (loss) loss attributable to common stockholders																																						3,186,000	-5,352,000
net income (loss) per common share:
basic																																						37.5	-70		70
diluted																																						35	-70		70
net income (loss) attributable to common stockholders																																									6,361,000	-27,776,000
foreign currency transaction loss
other income (loss)																																										405,000
income tax benefit																																																							46,279,000	-6,620,000
net income (loss) attributable to common stockholders																																									6,361,000	-27,776,000
basic																																										-370
diluted																																										-370
net income per common share
basic	2,740	1,880	2,720	-8,820	2,850	6,310	3,380	3,790	2,520	4,170	2,900	3,420	2,420	2,230	2,750	2,600	1,220	2,660	2,470	5,020	1,500	2,720	920	840	160	300	520	550	340	150	80	370	150	65	-30	210	80			130			110	-80	120	190	60	150	400	330	-40	500	680	320	302.5	340	620	240	290	380	70
diluted	2,710	1,880	2,700	-8,820	2,830	6,260	3,360	3,770	2,500	4,140	2,870	3,390	2,390	2,200	2,720	2,580	1,190	2,600	2,420	4,930	1,470	2,670	910	830	160	280	510	550	330	145	70	350	150	65	-30	200	80			130			110	-80	120	190	60	150	400	330	-40	490	680	310	295	330	610	240	280	370	70
dividends on series a convertible preferred shares																																													3,067,000	3,033,000	2,133,000
foreign currency transaction losses																																													1,290,000	220,000	2,768,000	1,043,000	814,000	2,600,000	-170,000	21,000	-1,627,000	4,276,000				1,315,000
asset impairment																																																	202,000		204,750		106,000	713,000	-131,750	-495,000		32,000
charitable contributions expense																																																						154,000	3,945,000	-75,000		997,000
gain on charitable contributions																																																						-26,000
foreign currency transaction gains																																																							946,750	2,060,000	3,042,000
gain on charitable contribution																																																							167,750	61,000	353,000
impairment charges																																																													141,000
charitable contributions																																																											78,000	275,000	143,000
income (loss) from operations																																																											27,446,000	38,726,000
income (loss) before income taxes																																																											27,175,000	38,886,000
foreign currency transaction losses (gains)
selling, general and administrative expense																																																														63,472,000	47,327,000	17,586,250	33,344,000	23,312,000	13,689,000
other income—net
dividends on redeemable convertible preferred shares																																																																8,250			33,000
income attributable to common stockholders																																																														48,451,000	24,945,000	10,900,000	21,526,000	15,666,000	6,407,000
income per common share:
basic																																																														600	630	540	560	410	190
diluted																																																														580	610	510	530	390	170
weighted-average common shares:
basic	50,282,000	54,208,000	53,641,000	55,783,000	56,110,000	59,381,000	59,046,000	60,320,000	60,564,000	61,386,000	61,143,000	62,037,000	61,836,000	61,220,000	61,693,000	61,590,000	59,823,000	62,464,000	62,033,000	63,595,000	65,458,000	67,386,000	67,473,000	67,416,000	67,931,000	70,357,000	69,097,000	70,936,000	73,009,000	68,421,000	67,821,000	68,153,000	68,705,000	72,255,000																											84,485,728,000	80,253,555,000	39,631,981,000	37,229,200,000	38,773,362,000	38,286,877,000	32,897,743,000
diluted	50,707,000	54,208,000	53,989,000	55,783,000	56,502,000	59,832,000	59,501,000	60,766,000	61,054,000	61,952,000	61,615,000	62,603,000	62,629,000	62,006,000	62,367,000	62,236,000	60,896,000	63,718,000	63,324,000	64,640,000	66,848,000	68,544,000	68,385,000	68,038,000	69,218,000	71,771,000	70,176,000	71,915,000	74,875,000	68,421,000	72,774,000	71,467,000	71,668,000	72,255,000																											87,218,802,000	83,686,108,000	41,219,824,000	40,085,256,000	40,465,723,000	40,427,703,000	38,259,456,000
other expense (income)—net																																																																-327,500	-657,000
other (income) expense—net
other expense—net

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	2020-12-31	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	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

assets
current assets:
cash and cash equivalents	130,881,000	130,354,000	153,970,000	200,611,000	166,460,000	180,485,000	186,122,000	167,734,000	159,286,000	149,288,000	127,320,000	166,235,000	125,687,000	191,629,000	142,971,000	187,352,000	171,969,000	213,197,000	436,601,000	197,853,000	255,869,000	135,802,000	123,562,000	151,370,000	107,038,000	108,253,000	87,909,000	107,822,000	86,333,000	123,367,000	203,046,000	171,514,000	101,953,000	172,128,000	178,189,000	156,962,000	88,884,000	147,565,000	150,216,000	146,662,000	89,080,000	168,466,000	197,279,000	180,698,000	350,371,000	408,953,000	411,806,000	332,491,000	289,354,000	232,673,000	294,348,000	312,580,000	278,827,000	206,603,000	257,587,000	220,388,000	179,979,000	115,499,000	143,057,000	96,867,000	53,800,000				61,262,000	38,577,000	42,656,000	57,880,000	67,017,000	67,861,000
accounts receivable	442,320,000	278,191,000	335,317,000	417,426,000	445,705,000	257,657,000	361,651,000	420,199,000	481,521,000	305,747,000	391,207,000	409,594,000	418,959,000	295,594,000	397,657,000	423,490,000	375,750,000	182,629,000	229,298,000	233,262,000	228,717,000	149,847,000	139,474,000	160,279,000	172,398,000	108,199,000	121,716,000	168,933,000	176,288,000	97,627,000	110,478,000	149,496,000	169,954,000	83,518,000	92,708,000	135,893,000	148,624,000	78,297,000	101,651,000	134,155,000	157,159,000	117,767,000	172,762,000	174,099,000	158,664,000	195,902,000	206,213,000	120,079,000	162,263,000	177,360,000	92,278,000	121,396,000	132,331,000	165,045,000	84,760,000	95,305,000	115,651,000	123,022,000	81,303,000	93,974,000	97,421,000				117,345,000	97,838,000
inventories	397,557,000	368,687,000	397,073,000	405,136,000	391,298,000	356,254,000	367,191,000	376,599,000	391,953,000	385,054,000	390,163,000	436,269,000	476,112,000	471,551,000	513,748,000	501,527,000	407,589,000	213,520,000	212,496,000	209,089,000	196,477,000	175,121,000	174,119,000	146,804,000	195,755,000	172,028,000	139,839,000	134,602,000	139,209,000	124,491,000	117,684,000	129,903,000	148,187,000	130,347,000	140,282,000	155,749,000	178,467,000	147,029,000	169,376,000	169,853,000	186,113,000	190,819,000	182,626,000	184,720,000	202,819,000	191,648,000	192,376,000	176,118,000	160,763,000	177,814,000	164,804,000	187,527,000	166,013,000	169,071,000	129,627,000	151,109,000	156,464,000	153,844,000	142,531,000	113,553,000	107,183,000				118,647,000	94,432,000	86,210,000	49,128,000	40,839,000	40,686,000
income taxes receivable	2,443,000	32,782,000	6,437,000	6,500,000	4,513,000	4,046,000	2,913,000	2,502,000	2,972,000	4,413,000	3,047,000	2,331,000	3,083,000	14,752,000	2,464,000	2,223,000	24,536,000	22,301,000	1,255,000	1,352,000	3,830,000	1,857,000	8,426,000	3,809,000	3,174,000	1,341,000	7,380,000	5,873,000	3,755,000	3,041,000	11,872,000	9,946,000	7,781,000	3,652,000
other receivables	25,315,000	22,082,000	17,232,000	22,192,000	19,703,000	22,204,000	21,618,000	20,282,000	26,352,000	21,071,000	23,419,000	27,991,000	31,481,000	18,842,000	23,560,000	16,742,000	16,599,000	12,252,000	16,990,000	14,438,000	19,912,000	10,816,000	9,593,000	10,433,000	12,533,000	8,711,000	9,523,000	10,837,000	9,073,000	7,703,000	9,387,000	13,076,000	11,554,000	10,664,000	14,547,000	14,219,000	16,991,000	14,642,000	17,793,000	21,266,000	16,925,000	11,508,000	12,069,000	11,775,000	17,196,000	17,295,000	17,025,000	17,201,000	17,293,000	17,621,000	24,821,000	26,105,000	22,938,000	22,268,000	20,295,000	18,488,000	17,127,000	15,039,000	11,008,000	11,715,000	12,337,000
prepaid expenses and other assets	66,687,000	53,787,000	61,162,000	49,942,000	46,267,000	51,623,000	50,923,000	39,586,000	44,313,000	45,129,000	44,024,000	58,794,000	59,338,000	33,605,000	42,770,000	36,941,000	42,061,000	22,605,000	22,000,000	21,052,000	20,904,000	17,856,000	15,570,000	19,545,000	21,508,000	25,350,000	23,427,000	19,893,000	14,980,000	22,123,000	25,856,000	25,865,000	21,981,000	22,596,000	24,416,000	25,052,000	21,955,000	32,413,000	29,925,000	31,270,000	35,477,000	29,782,000	33,308,000
total current assets	1,065,203,000	885,883,000	971,191,000	1,101,807,000	1,073,946,000	872,269,000	990,420,000	1,026,904,000	1,106,399,000	910,704,000	979,182,000	1,101,216,000	1,114,662,000	1,025,975,000	1,123,172,000	1,168,307,000	1,038,538,000	666,569,000	920,052,000	678,515,000	727,182,000	492,841,000	472,309,000	493,930,000	514,001,000	425,382,000	391,263,000	449,765,000	431,516,000	380,298,000	480,231,000	501,841,000	463,769,000	425,049,000	459,738,000	496,166,000	462,522,000	425,475,000	475,940,000	513,390,000	494,755,000	539,130,000	617,438,000	594,152,000	789,722,000	870,734,000	880,504,000	699,071,000	678,659,000	646,703,000	613,115,000	688,292,000	639,705,000	605,148,000	525,343,000	534,538,000	513,955,000	443,717,000	409,745,000	349,842,000	302,980,000				343,645,000	258,227,000	237,691,000	204,928,000	160,089,000	141,500,000
property and equipment	236,874,000	238,191,000	242,139,000	249,145,000	245,814,000	244,335,000	243,358,000	244,067,000	242,859,000	238,315,000	223,061,000	213,844,000	190,492,000	181,529,000	163,374,000	140,278,000	135,649,000	108,398,000	91,318,000	76,949,000	70,150,000	57,467,000	56,321,000	52,136,000	47,019,000	47,405,000	42,266,000	36,237,000	29,874,000	22,211,000	24,216,000	27,038,000	30,746,000	35,032,000	38,412,000	41,018,000	43,801,000	44,090,000	45,820,000	46,409,000	50,047,000	50,188,000	59,501,000	68,277,000	73,575,000	83,316,000	86,413,000	94,233,000	88,770,000	85,746,000	82,241,000	76,577,000	68,585,000	67,636,000	67,684,000	66,115,000	69,337,000	69,455,000	65,882,000	66,731,000	68,054,000				55,994,000	43,395,000
intangible assets, net of accumulated amortization of 190,442 and 184,490, respectively	1,320,658,000
goodwill	404,662,000	404,689,000	404,688,000	404,695,000	711,557,000	711,491,000	711,602,000	711,542,000	711,553,000	711,588,000	711,885,000	711,570,000	711,560,000	714,814,000	714,380,000	714,143,000	642,467,000	1,600,000	1,630,000	1,669,000	1,651,000	1,719,000	1,649,000	1,581,000	1,552,000	1,578,000	1,534,000	1,600,000	1,579,000	1,614,000	1,634,000	1,644,000	1,734,000	1,688,000	1,663,000	1,615,000	1,506,000	1,480,000	2,586,000	2,561,000	2,611,000	2,030,000	2,227,000	2,227,000	2,235,000	2,479,000																			22,931,000	12,596,000	11,552,000	350,000	351,000	335,000
deferred tax assets	920,050,000	935,054,000	964,397,000	971,974,000	893,610,000	872,350,000	659,861,000	640,587,000	647,748,000	667,972,000	527,678,000	539,545,000	533,480,000	528,278,000	481,897,000	513,582,000	547,733,000	567,201,000	517,929,000	515,667,000	336,590,000	350,784,000	23,273,000	24,218,000	24,108,000	24,747,000	10,174,000	8,446,000	8,510,000	8,663,000	12,567,000	12,202,000	10,097,000	10,174,000	7,098,000	7,079,000	6,930,000		6,699,000	6,612,000	6,746,000	3,855,000	3,951,000	3,971,000	4,278,000	4,587,000	4,521,000	5,647,000	5,628,000	5,868,000	6,284,000	8,042,000	7,809,000	7,795,000	7,047,000	14,134,000	13,822,000	13,372,000	7,973,000	7,569,000	7,352,000				3,694,000	3,983,000	3,690,000	1,636,000	1,636,000	1,636,000
restricted cash	3,467,000	3,557,000	3,553,000	3,570,000	3,277,000	3,193,000	3,421,000	3,292,000	3,734,000	3,807,000	3,707,000	3,348,000	3,240,000	3,254,000	2,980,000	3,187,000	3,365,000	3,663,000	3,731,000	3,857,000	3,904,000	1,929,000	1,810,000	1,759,000	1,959,000	2,292,000	1,757,000	1,924,000	2,129,000	2,217,000	2,244,000	2,143,000	2,513,000	2,783,000	2,895,000	2,856,000	3,430,000	2,547,000																					577,000	590,000	1,148,000				3,726,000	3,595,000	2,890,000
right-of-use assets	345,137,000	338,669,000	343,100,000	349,268,000	335,783,000	307,228,000	303,758,000	292,089,000	280,182,000	287,440,000	313,608,000	228,076,000	233,981,000	239,905,000	248,548,000	236,077,000	199,805,000	160,768,000	170,957,000	175,378,000	179,785,000	167,421,000	197,402,000	183,490,000	193,070,000	182,228,000	183,040,000	163,808,000	163,266,000
other assets	47,363,000	44,027,000	40,182,000	34,645,000	29,148,000	24,207,000	17,053,000	16,014,000	15,530,000	31,446,000	28,539,000	9,650,000	9,302,000	7,875,000	6,241,000	7,001,000	7,123,000	8,067,000	7,814,000	8,036,000	8,299,000	8,926,000	9,134,000	9,997,000	8,138,000	8,075,000	8,259,000	7,366,000	7,608,000	8,208,000	8,858,000	10,360,000	11,001,000	12,542,000	13,342,000	13,449,000	13,296,000	13,273,000	18,388,000	20,031,000	21,676,000	23,587,000	23,259,000	23,640,000	34,220,000	40,983,000	40,930,000	50,672,000	54,167,000	49,135,000	40,239,000	32,804,000	29,221,000	22,678,000	23,410,000	24,806,000	19,629,000	19,121,000	15,054,000	14,832,000	17,672,000				9,128,000	7,866,000	1,875,000	902,000	777,000	279,000
total assets	4,343,414,000	4,174,750,000	4,299,764,000	4,450,566,000	5,066,116,000	4,812,153,000	4,713,150,000	4,719,798,000	4,795,605,000	4,643,834,000	4,581,364,000	4,603,125,000	4,595,635,000	4,501,797,000	4,543,168,000	4,586,642,000	4,470,660,000	1,545,068,000	1,745,065,000	1,493,802,000	1,362,323,000	1,118,723,000	802,045,000	810,884,000	836,240,000	738,802,000	685,515,000	714,141,000	689,206,000	468,901,000	577,946,000	604,374,000	572,883,000	543,695,000	589,653,000	630,594,000	601,156,000	566,390,000	625,173,000	666,396,000	655,486,000	721,925,000	810,448,000	795,216,000	1,006,932,000	1,101,873,000	1,108,950,000	946,586,000	918,961,000	876,838,000	829,638,000	891,604,000	815,720,000	773,265,000	695,453,000	704,254,000	683,514,000	613,387,000	554,671,000	497,053,000	447,266,000				452,309,000	338,951,000	299,457,000	240,531,000	190,196,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	242,474,000	266,090,000	217,269,000	263,339,000	244,881,000	264,901,000	240,891,000	244,853,000	236,289,000	260,978,000	209,890,000	261,909,000	232,383,000	230,821,000	190,097,000	225,302,000	202,919,000	162,145,000	133,446,000	166,817,000	141,942,000	112,778,000	119,108,000	83,221,000	104,893,000	95,754,000	85,938,000	100,705,000	89,555,000	77,231,000	57,125,000	79,101,000	87,751,000	66,381,000	55,181,000	82,980,000	81,387,000	61,927,000	50,881,000	73,429,000	83,331,000	79,160,000	84,510,000	81,455,000	66,133,000	92,014,000	89,130,000	66,198,000	76,666,000	85,145,000	63,976,000	78,103,000	62,965,000	78,010,000	66,517,000	57,354,000	66,186,000	68,141,000	66,763,000	51,841,000	56,187,000				59,806,000	42,429,000	43,794,000	30,459,000	15,466,000	17,657,000
accrued expenses and other liabilities	259,430,000	300,959,000	275,395,000	272,571,000	247,048,000	298,068,000	277,982,000	285,095,000	247,268,000	285,771,000	248,160,000	241,530,000	201,821,000	239,424,000	228,971,000	242,754,000	185,969,000	166,887,000	149,206,000	156,565,000	111,159,000	126,704,000	100,294,000	94,233,000	71,309,000	108,677,000	88,762,000	99,942,000	78,204,000	102,171,000	99,793,000	105,788,000	85,448,000	84,446,000	84,836,000	84,900,000	73,516,000	78,282,000	90,194,000	105,404,000	96,265,000	85,394,000	98,206,000
income taxes payable	43,764,000	47,308,000	114,740,000	96,021,000	135,574,000	108,688,000	106,753,000	92,550,000	82,247,000	65,952,000	108,716,000	84,845,000	109,632,000	89,211,000	76,990,000	58,702,000	67,310,000	16,279,000	22,315,000	11,814,000	24,317,000	5,038,000	9,467,000	6,357,000	9,803,000	4,207,000	13,266,000	12,281,000	9,466,000	5,089,000	24,683,000	21,666,000	15,142,000	5,515,000	14,096,000	14,978,000	9,103,000	6,593,000	9,173,000	8,793,000	7,682,000	10,558,000	10,389,000	6,186,000	29,218,000	32,576,000	16,924,000	27,868,000	25,363,000	11,535,000	8,147,000	25,260,000	21,781,000	18,233,000	8,273,000	22,373,000	16,076,000	18,050,000	18,188,000	20,120,000	8,923,000				6,084,000	7,212,000	12,465,000	6,424,000	5,214,000	4,940,000
current borrowings	5,550,000									23,328,000	20,000,000	20,000,000	32,970,000	24,362,000	20,000,000	25,403,000	25,173,000
current operating lease liabilities	88,298,000	85,772,000	84,331,000	82,918,000	77,693,000	68,551,000	66,900,000	63,918,000	62,757,000	62,267,000	61,111,000	57,656,000	57,560,000	57,456,000	55,102,000	49,983,000	49,414,000	42,932,000	45,248,000	45,726,000	48,330,000	47,064,000	49,741,000	49,168,000	50,026,000	48,585,000	45,486,000	45,394,000	44,618,000
total current liabilities	639,516,000	700,129,000	691,735,000	714,849,000	705,196,000	740,208,000	692,526,000	686,416,000	628,561,000	698,296,000	647,877,000	665,940,000	634,366,000	641,274,000	571,160,000	602,144,000	530,785,000	388,243,000	350,215,000	380,922,000	325,748,000	291,584,000	278,610,000	232,979,000	236,031,000	257,223,000	233,452,000	258,322,000	221,843,000	184,491,000	181,612,000	206,570,000	188,622,000	157,018,000	155,183,000	184,580,000	168,465,000	149,140,000	153,841,000	192,619,000	199,936,000	194,590,000	213,900,000	193,373,000	220,316,000	255,160,000	241,566,000	199,988,000	198,411,000	187,033,000	157,938,000	201,277,000	174,623,000	194,655,000	155,303,000	171,759,000	172,125,000	170,711,000	153,872,000	136,038,000	118,079,000				120,507,000	82,022,000	87,909,000	59,416,000	37,645,000	35,248,000
deferred tax liabilities	902,000	882,000	1,035,000	1,139,000	1,212,000	4,086,000	12,824,000	12,841,000	12,874,000	12,912,000	299,296,000	301,902,000	301,968,000	302,030,000	312,813,000	312,821,000																										11,675,000	11,726,000	11,853,000	11,129,000	11,197,000	11,193,000	2,383,000	2,388,000	2,440,000	2,405,000	3,497,000	3,480,000	3,453,000	2,889,000	15,237,000	15,337,000	15,242,000	2,085,000	1,867,000	2,058,000				1,844,000	1,702,000	1,688,000	1,880,000	1,884,000	1,800,000
long-term income taxes payable	640,521,000	649,057,000	617,817,000	618,082,000	601,088,000	595,434,000	572,362,000	557,581,000	558,913,000	565,171,000	226,006,000	231,577,000	228,165,000	224,837,000	204,769,000	216,042,000	226,188,000	219,744,000	193,990,000	200,969,000	198,769,000	205,974,000	5,098,000	4,133,000	4,039,000	4,522,000	5,633,000	4,415,000	4,344,000	4,656,000	4,334,000	4,315,000	6,195,000	6,081,000
long-term borrowings	1,330,271,000	1,230,885,000	1,318,498,000	1,379,112,000	1,481,725,000	1,349,339,000	1,421,952,000	1,529,566,000	1,727,153,000	1,640,996,000	1,918,668,000	2,007,485,000	2,250,288,000	2,298,027,000	2,595,767,000	2,743,507,000	2,851,256,000	771,390,000	685,955,000	386,383,000	341,103,000	180,000,000	135,000,000	275,000,000	350,000,000	205,000,000	185,000,000	215,000,000	215,000,000	120,000,000
long-term operating lease liabilities	301,325,000	297,192,000	303,059,000	311,549,000	303,284,000	283,406,000	285,155,000	277,112,000	267,785,000	269,769,000	286,910,000	204,088,000	209,817,000	215,119,000	225,395,000	217,586,000	181,065,000	149,237,000	157,874,000	162,552,000	165,818,000	146,401,000	155,349,000	141,887,000	152,139,000	140,148,000	143,632,000	124,329,000	125,055,000
other liabilities	3,489,000	3,322,000	4,480,000	4,698,000	4,018,000	3,948,000	3,213,000	3,071,000	3,264,000	2,767,000	2,349,000	2,443,000	2,531,000	2,579,000	2,462,000	2,577,000	2,246,000	2,372,000	4,200,000	4,212,000	4,654,000	4,131,000	1,000	1,000	2,000	4,000	274,000	139,000	19,000	9,446,000	9,679,000	10,947,000	11,218,000	12,298,000	13,931,000	13,766,000	13,615,000	13,462,000	13,848,000	13,606,000	13,623,000	12,430,000	11,209,000	9,753,000	15,685,000	16,745,000	15,934,000	14,571,000	13,913,000	13,546,000	13,361,000	18,894,000	15,472,000	7,414,000	6,705,000	5,749,000	5,046,000	4,896,000	32,532,000	31,803,000	31,601,000				7,122,000	6,719,000	1,486,000	260,000	286,000	306,000
total liabilities	2,916,024,000	2,881,467,000	2,936,624,000	3,029,429,000	3,096,523,000	2,976,421,000	2,988,032,000	3,066,587,000	3,198,550,000	3,189,911,000	3,381,106,000	3,413,435,000	3,627,135,000	3,683,866,000	3,912,366,000	4,094,677,000	4,121,490,000	1,530,986,000	1,392,234,000	1,135,038,000	1,036,092,000	828,090,000	574,058,000	654,000,000	742,211,000	606,897,000	567,991,000	602,205,000	566,261,000	318,593,000	195,625,000	221,832,000	206,035,000	175,397,000	174,075,000	203,251,000	186,977,000	167,106,000	172,681,000	211,364,000	219,144,000	213,942,000	233,188,000	216,276,000	258,657,000	306,689,000	304,367,000	256,361,000	251,352,000	243,024,000	212,238,000	250,620,000	232,040,000	243,946,000	203,673,000	214,005,000	214,509,000	207,216,000	189,724,000	171,245,000	153,426,000				129,544,000	90,532,000	91,199,000	63,106,000	41,557,000	38,434,000
commitments and contingencies
stockholders’ equity:
common stock, par value 0.001 per share...	111,000	111,000	111,000	111,000	111,000	110,000	110,000	110,000	110,000	110,000	110,000	110,000	110,000	110,000	109,000	109,000	109,000	106,000	106,000	106,000	106,000	105,000	105,000	105,000	105,000	104,000	104,000	104,000	104,000	103,000	96,000	96,000	96,000	95,000	95,000	95,000	94,000	94,000	94,000	95,000	94,000	93,000	93,000	93,000	93,000
treasury stock	-3,042,686,000	-3,040,416,000	-2,858,413,000	-2,653,423,000	-2,518,065,000	-2,453,473,000	-2,226,193,000	-2,071,289,000	-1,894,782,000	-1,888,869,000	-1,863,567,000	-1,707,136,000	-1,705,896,000	-1,695,501,000	-1,695,463,000	-1,690,780,000	-1,690,312,000	-1,684,262,000	-1,236,003,000	-1,078,857,000	-783,926,000	-688,849,000	-587,983,000	-587,940,000	-587,940,000	-546,208,000	-532,220,000	-507,193,000	-452,196,000	-397,491,000	-371,107,000	-360,032,000	-355,209,000	-334,312,000	-311,302,000	-294,252,000	-284,477,000	-284,237,000												-56,837,000	-44,214,000	-19,211,000	-19,930,000	-19,568,000	-19,759,000	-20,103,000
additional paid-in capital	907,212,000	896,605,000	888,416,000	879,940,000	868,681,000	859,904,000	851,228,000	844,595,000	834,433,000	826,685,000	821,120,000	813,466,000	805,078,000	797,614,000	791,750,000	783,862,000	774,562,000	496,036,000	540,948,000	530,357,000	525,289,000	482,385,000	508,055,000	502,958,000	500,197,000	495,903,000	492,399,000	488,730,000	484,932,000	481,133,000	383,090,000	379,571,000	376,808,000	373,045,000	370,567,000	368,036,000	367,008,000	364,397,000	361,688,000	359,554,000	356,271,000	353,174,000	351,094,000	348,807,000	343,768,000	341,858,000	325,441,000	319,516,000	316,111,000	311,916,000	307,823,000	305,204,000	301,262,000	296,541,000	293,959,000	291,609,000	286,968,000	281,166,000	273,418,000	272,146,000	268,757,000				169,399,000	145,635,000	131,834,000	123,278,000	117,202,000	115,088,000
retained earnings	3,618,194,000	3,480,638,000	3,375,473,000	3,229,657,000	3,721,939,000	3,561,836,000	3,192,927,000	2,993,126,000	2,764,219,000	2,611,765,000	2,358,179,000	2,181,154,000	1,968,742,000	1,819,199,000	1,681,464,000	1,512,115,000	1,351,800,000	1,279,040,000	1,124,187,000	970,698,000	651,744,000	553,346,000	370,016,000	308,127,000	251,576,000	240,485,000	220,572,000	184,896,000	145,698,000	121,215,000	239,900,000	233,380,000	202,954,000	190,431,000	218,703,000	220,966,000	202,880,000	195,725,000	241,205,000	246,557,000	233,824,000	301,401,000	329,180,000	319,491,000	382,337,000	370,328,000	350,805,000	411,365,000	398,329,000	362,973,000	334,012,000	337,620,000	292,539,000	231,015,000	202,669,000	197,098,000	166,891,000	111,385,000	85,152,000	60,156,000	27,872,000				154,477,000	106,026,000	81,081,000	60,297,000	38,771,000	23,104,000
accumulated other comprehensive loss	-55,441,000	-43,655,000	-42,447,000	-35,148,000	-103,073,000	-132,645,000	-92,954,000	-113,331,000	-106,925,000	-95,768,000	-115,584,000	-97,904,000	-99,534,000	-103,491,000	-147,058,000	-113,341,000	-86,989,000	-76,838,000	-76,407,000	-63,540,000	-66,982,000	-56,354,000	-62,206,000	-66,366,000	-69,909,000	-58,379,000	-63,331,000	-54,601,000	-55,593,000	-54,652,000	-54,946,000	-54,789,000	-41,165,000	-43,394,000	-44,007,000	-48,131,000	-51,082,000	-55,596,000
total stockholders’ equity	1,427,390,000	1,293,283,000	1,363,140,000	1,421,137,000	1,969,593,000	1,835,732,000	1,725,118,000	1,653,211,000	1,597,055,000	1,453,923,000	1,200,258,000	1,189,690,000	968,500,000	817,931,000	630,802,000	491,965,000	349,170,000	14,082,000	352,831,000	358,764,000	326,231,000	290,633,000	227,987,000	156,884,000	94,029,000	131,905,000	117,524,000	111,936,000	122,945,000	150,308,000	197,033,000	198,226,000	183,484,000	185,865,000	234,056,000	246,714,000	234,423,000		274,429,000	277,788,000	259,900,000	333,095,000	403,124,000	405,540,000	576,302,000	623,902,000	621,745,000	690,225,000	667,609,000	633,814,000	617,400,000	640,984,000	583,680,000	529,319,000	491,780,000	490,249,000	469,005,000	406,171,000	364,947,000	325,808,000	293,840,000				322,765,000	248,419,000	208,258,000	177,425,000	148,639,000	129,103,000
total liabilities and stockholders’ equity	4,343,414,000	4,174,750,000	4,299,764,000	4,450,566,000	5,066,116,000	4,812,153,000	4,713,150,000	4,719,798,000	4,795,605,000	4,643,834,000	4,581,364,000	4,603,125,000	4,595,635,000	4,501,797,000	4,543,168,000	4,586,642,000	4,470,660,000	1,545,068,000	1,745,065,000	1,493,802,000	1,362,323,000	1,118,723,000	802,045,000	810,884,000	836,240,000	738,802,000	685,515,000	714,141,000	689,206,000	468,901,000	577,946,000	604,374,000	572,883,000	543,695,000	589,653,000	630,594,000	601,156,000		625,173,000	666,396,000								946,586,000	918,961,000	876,838,000	829,638,000	891,604,000	815,720,000	773,265,000	695,453,000	704,254,000	683,514,000	613,387,000	554,671,000	497,053,000	447,266,000				452,309,000	338,951,000	299,457,000
intangible assets		1,324,680,000	1,330,514,000	1,335,462,000		1,777,080,000				1,792,562,000				1,800,167,000				28,802,000				37,636,000				47,095,000	47,222,000	44,995,000	44,724,000	45,690,000	48,196,000	49,146,000	53,023,000	56,427,000	66,505,000	68,411,000	69,671,000	72,700,000	75,740,000	77,393,000	79,651,000	87,420,000	90,336,000	89,384,000	89,599,000	85,747,000	81,415,000	69,081,000	64,082,000	61,532,000	59,931,000	61,049,000	47,360,000	47,642,000	48,641,000	47,372,000	48,164,000	46,232,000	42,416,000	41,335,000	38,597,000				19,020,000	15,698,000
intangible assets, net of accumulated amortization of 166,861 and 161,042, respectively					1,772,981,000
restricted cash — current										2,000				2,000				65,000				1,542,000				1,500,000
restricted cash - current							2,000	2,000	2,000		2,000	2,000	2,000		2,000	32,000	34,000		1,412,000	1,469,000	1,473,000		1,565,000	1,690,000	1,595,000		1,469,000	1,805,000	1,878,000	1,946,000	1,908,000	2,041,000	2,359,000	2,144,000	2,175,000	2,461,000	2,539,000	2,534,000
intangible assets, net of accumulated amortization of 155,943 and 138,611, respectively							1,783,677,000
intangible assets, net of accumulated amortization of 150,026 and 138,611, respectively								1,785,303,000
intangible assets, net of accumulated amortization of 144,384 and 138,611, respectively									1,787,600,000
intangible assets, net of accumulated amortization of 142,661 and 125,014, respectively											1,793,704,000
intangible assets, net of accumulated amortization of 136,490 and 125,014, respectively												1,795,876,000
intangible assets, net of accumulated amortization of 130,768 and 125,014, respectively													1,798,918,000
intangible assets, net of accumulated amortization of 121,717 and 108,167, respectively															1,802,576,000
preferred stock, par value 0.001 per share...
intangible assets, net of accumulated amortization of 116,500 and 108,167, respectively																1,804,067,000
intangible assets, net of accumulated amortization of 112,011 and 108,167, respectively																	1,895,980,000
long-term deferred tax liability																	329,950,000
intangible assets, net of accumulated amortization of 108,014 and 95,426, respectively																			31,634,000
intangible assets, net of accumulated amortization of 103,741 and 95,426, respectively																				33,731,000
intangible assets, net of accumulated amortization of 99,513 and 95,426, respectively																					34,762,000
intangible assets, net of accumulated amortization of 94,627 and 82,760, respectively																							40,147,000
intangible assets, net of accumulated amortization of 90,677 and 82,760, respectively																								43,773,000
intangible assets, net of accumulated amortization of 86,722 and 82,760, respectively																									46,393,000
current portion of borrowings
commitments and contingencies:
series a convertible preferred stock, 0.0 million and 0.2 million shares outstanding, liquidation preference 0 million and 203 million, respectively
current portion of borrowings and capital lease obligations																															11,000	15,000	281,000	676,000	1,070,000	1,722,000	4,459,000		3,593,000	4,993,000
series a convertible preferred stock, par value 0.001 per share...																															185,288,000								178,063,000	177,244,000	176,442,000	174,888,000	174,136,000	173,400,000	171,973,000
series a convertible preferred stock, 1.0 million shares authorized, 0.2 million outstanding, liquidation preference 203 million																																184,316,000	183,364,000
series a convertible preferred stock, 0.2 million shares outstanding, liquidation preference 203 million																																		182,433,000
income tax receivable																																			7,421,000	5,830,000	5,062,000	2,995,000	6,979,000	10,184,000	10,001,000	16,933,000	15,443,000	11,833,000	19,677,000	14,426,000	14,004,000	16,666,000	12,307,000	8,320,000	5,613,000	5,829,000	4,133,000	8,814,000	5,828,000	16,460,000	10,620,000	7,845,000	9,597,000	11,297,000	11,467,000
long-term income tax payable																																			4,926,000	4,865,000	4,854,000	4,464,000	4,965,000	4,810,000	4,684,000	4,335,000	4,172,000	7,832,000	14,632,000
long-term capital lease obligations																																			35,000	40,000	43,000
series a convertible preferred stock, 1.0 million authorized, 0.2 million shares outstanding, liquidation preference 203 million																																			181,522,000	180,629,000	179,756,000	178,901,000
deferred taxes																																						6,825,000
liabilities and stockholders' equity
current portion of long-term borrowings and capital lease obligations																																						2,338,000			12,658,000	5,383,000	5,350,000	5,284,000	5,259,000	5,434,000	5,192,000	4,262,000	3,031,000	2,250,000	2,039,000
long-term borrowings and capital lease obligations																																						40,000	27,000	329,000	901,000	2,350,000	3,691,000	5,074,000	7,714,000	9,040,000	10,359,000	9,345,000	6,899,000	7,112,000	4,596,000
stockholders' equity:
total stockholders' equity																																						220,383,000
total liabilities and stockholders' equity																																						566,390,000
commitments and contingent liabilities:
total liabilities, commitments and contingencies and stockholders’ equity																																									655,486,000	721,925,000	810,448,000	795,216,000	1,006,932,000	1,101,873,000	1,108,950,000
accrued restructuring																																										2,420,000	3,719,000	4,708,000	3,435,000	3,839,000
long-term accrued restructuring																																										237,000	216,000	244,000	310,000
prepaid expenses and other current assets																																												27,056,000	36,717,000	37,923,000	34,559,000	30,869,000	31,051,000	27,047,000	24,967,000	26,813,000	27,654,000	25,552,000	20,199,000	18,654,000	20,292,000	15,096,000	13,699,000	14,277,000	12,272,000				14,581,000	10,412,000	9,617,000	10,233,000	3,345,000	4,139,000
accrued expenses and other current liabilities																																												83,887,000	105,142,000	110,100,000	119,127,000	99,277,000	90,963,000	85,663,000	81,371,000	94,389,000	86,336,000	70,633,000	76,506,000	75,563,000	71,269,000	61,680,000	65,216,000	58,544,000	47,965,000				54,337,000	31,633,000	31,109,000	21,716,000	16,101,000	10,729,000
accumulated other comprehensive income																																														13,893,000	13,672,000	15,450,000	9,420,000	15,670,000	19,688,000	17,280,000	9,718,000	21,241,000	14,821,000	21,555,000	36,269,000	35,319,000	29,900,000	18,382,000	22,469,000				2,590,000	1,467,000	1,006,000	957,000	814,000	613,000
long term income tax payable																																														25,744,000	36,508,000	32,457,000	32,129,000	35,333,000	36,343,000	30,449,000	41,945,000	41,877,000	41,665,000	35,427,000	35,429,000	30,498,000
series a convertible preferred shares, par value 0.001 per share...																																														171,282,000	182,838,000
preferred shares, par value 0.001 per share...
common shares, par value 0.001 per share...																																														93,000	92,000	92,000	92,000	92,000	91,000	91,000	91,000	90,000	90,000	90,000	90,000	89,000	87,000	87,000	86,000				81,000	40,000	39,000	39,000	38,000	38,000
bank borrowings and current portion of capital lease obligations																																																				28,000	61,000	24,326,000	1,118,000
note payable, current portion of long-term debt and capital lease obligations																																																								1,232,000	3,257,000	7,305,000	1,861,000	1,556,000	1,366,000				280,000			817,000	864,000
accrued restructuring charges																																																										293,000	1,844,000	3,977,000	3,638,000
marketable securities																																																											1,040,000	5,444,000
long term debt and capital lease obligations																																																											1,235,000	1,434,000	1,611,000
long term restructuring																																																												103,000	77,000
short-term investments																																																																	24,390,000	9,390,000	22,325,000	25,400,000
prepaid income tax																																																																			4,715,000
long-term debt and capital lease obligations, net of current portion																																																																	71,000	89,000		1,550,000	1,742,000	1,080,000
deferred compensation																																																																	-3,782,000	-4,749,000		-7,146,000	-8,186,000
note payable and current portion of long-term debt and capital lease obligations																																																																		748,000				1,922,000
accounts receivables																																																																			65,588,000
property and equipment—net																																																																			34,849,000	24,713,000	19,924,000	17,037,000
intangible assets—net																																																																			12,210,000	8,106,000	7,523,000	6,854,000
deferred tax assets—net																																																																			1,280,000
notes payable and current installments of long-term debt																																																																			541,000
long-term debt, less current installments of long-term debt																																																																			116,000
redeemable common shares, 8,410,320 shares issued and outstanding in 2005
redeemable convertible preferred shares, par value 0.001 per share...
accounts receivable—net																																																																				60,651,000	47,252,000	27,178,000
total																																																																				240,531,000	190,196,000	167,537,000
preferred share, par value 0.001 per share...

Cashflow Statements:

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	2020-12-31	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	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31

cash flows from operating activities:
net income	137,556,000	105,165,000	145,816,000	-492,282,000	160,103,000	368,909,000	199,801,000	228,907,000	152,454,000	253,586,000	177,025,000	212,412,000	149,543,000	137,735,000	169,349,000	160,315,000	72,760,000	154,853,000	153,489,000	318,954,000	98,398,000	183,330,000	61,889,000	56,551,000	11,091,000	19,913,000	35,676,000	39,198,000	24,710,000	-10,886,000	10,492,000	34,377,000	16,454,000	-24,361,000	1,629,000	21,960,000	11,010,000	-40,644,000	-1,533,000	15,537,000	10,146,000	-24,024,000	13,426,000	-2,425,000	15,767,000	23,277,000	9,124,000	13,036,000	35,356,000	28,961,000	-3,607,000	45,080,000	61,524,000	28,346,000	5,571,000	30,207,000	55,506,000	21,504,000	24,996,000	32,284,000	5,717,000	48,451,000	24,945,000	20,784,000	21,526,000	15,667,000	6,440,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	20,240,000	20,945,000	20,326,000	19,474,000	18,537,000	17,950,000	18,185,000	17,544,000	16,161,000	13,773,000	14,751,000	12,644,000	13,136,000	12,731,000	9,744,000	8,859,000	7,895,000	8,144,000	8,083,000	7,695,000	8,054,000	7,368,000	6,752,000	6,592,000	6,907,000	6,705,000	5,643,000	5,729,000	6,136,000	7,715,000	6,661,000	7,231,000	7,643,000	8,429,000	7,886,000	8,369,000	8,446,000	8,570,000	8,442,000	8,436,000	8,595,000	8,911,000	9,389,000	9,719,000	10,593,000	11,378,000	9,373,000	10,645,000	10,258,000	10,264,000	9,879,000	9,558,000	8,904,000	8,353,000	8,474,000	9,382,000	9,564,000	9,843,000	9,094,000	8,811,000	8,799,000	4,018,000	3,505,000	2,815,000	2,020,000	1,806,000	1,412,000
operating lease cost	28,053,000	27,699,000	26,876,000	25,552,000	24,186,000	22,921,000	21,555,000	20,410,000	20,244,000	22,663,000	20,288,000	18,393,000	18,199,000	18,067,000	17,058,000	16,656,000	14,231,000	14,216,000	14,309,000	14,926,000	14,832,000	15,765,000	15,605,000	15,219,000	14,994,000	15,366,000	15,097,000	14,749,000	14,930,000
share-based compensation	10,607,000	8,189,000	8,476,000	11,259,000	8,777,000	8,676,000	6,633,000	10,162,000	7,582,000	5,565,000	7,655,000	8,388,000	7,464,000	5,840,000	7,888,000	9,300,000	8,275,000	8,183,000	10,591,000	11,294,000	8,054,000	5,552,000	4,867,000	1,978,000	3,964,000	3,392,000	3,619,000	3,767,000	3,634,000	3,785,000	3,305,000	3,341,000	2,674,000	2,922,000	2,906,000	1,334,000	2,611,000	2,730,000	2,108,000	3,072,000	2,826,000	2,394,000	3,543,000	2,949,000	2,142,000	3,710,000	4,621,000	2,447,000	4,000,000	3,540,000	2,350,000	2,842,000	3,983,000	2,146,000		2,527,000	2,444,000	1,467,000	1,641,000	2,221,000	1,649,000	5,225,000	4,503,000		2,796,000	2,709,000	1,690,000
asset impairment	3,301,000		0				0	0	24,081,000																																															495,000	0	32,000	0	-3,000	136,000
deferred taxes	954,000	30,036,000	3,101,000	367,000	13,589,000
other non-cash items	4,568,000	-128,000	-2,369,000	8,783,000	-355,000	-12,900,000	7,596,000	6,567,000	11,950,000	-4,010,000	6,642,000	386,000	383,000	-2,621,000	7,252,000	-4,379,000	9,695,000	1,648,000	-2,220,000	2,680,000	-1,844,000	1,209,000	1,603,000	-3,848,000	5,877,000	-275,000	-54,000	277,000	-911,000	-6,110,000	4,875,000	2,288,000	941,000	-1,198,000	1,664,000	-2,183,000	-689,000	249,000	136,000	56,000	62,000	253,000	-56,000	219,000		683,000	49,000	132,000	516,000	419,000	725,000	1,116,000	-583,000	134,000
changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
accounts receivable	-165,459,000		82,190,000	36,365,000	-183,607,000		60,649,000	60,740,000	-179,899,000		13,926,000	8,306,000	-122,144,000		14,290,000	-50,493,000	-130,661,000		1,640,000	-1,435,000	-81,186,000		23,209,000																											-87,946,000	25,093,000	16,194,000	28,992,000	-79,754,000	8,991,000
inventories	-30,959,000	26,323,000	9,659,000	-13,191,000	-36,633,000	4,072,000	12,811,000	13,481,000	-8,309,000	8,435,000	43,031,000	40,104,000	-5,220,000	48,068,000	-18,230,000	-93,328,000	-28,124,000	-1,870,000	-5,094,000	-12,304,000	-23,795,000	1,411,000	-26,113,000	40,508,000	-29,268,000	-30,978,000	-7,223,000	5,144,000	-15,099,000	-6,455,000	10,974,000	14,347,000	-20,853,000	10,884,000	17,178,000	23,848,000	-28,591,000	16,621,000	1,602,000											-16,055,000	21,687,000	-19,017,000	-237,000	-37,926,000	20,543,000
prepaid expenses and other assets	-20,246,000	-4,945,000	-5,212,000	-15,676,000	3,516,000	-4,536,000	-11,603,000	10,090,000	-7,843,000	-1,125,000	1,699,000	3,446,000	-35,859,000	6,091,000	-11,217,000	5,275,000	-14,584,000	-1,143,000	-9,128,000	-12,540,000	16,599,000	-2,699,000	6,704,000	-2,292,000	3,294,000	-511,000	-2,589,000	-7,787,000	6,875,000	4,432,000	6,360,000	-6,201,000	5,112,000	5,910,000	430,000	2,949,000	9,618,000							2,541,000			2,514,000			-4,354,000	-5,699,000	-3,676,000	-10,850,000	-5,265,000	-1,908,000				1,784,000	-1,699,000	3,003,000		3,337,000				499,000
accounts payable, accrued expenses and other liabilities	-64,574,000		-41,992,000	44,627,000	-71,094,000		-13,813,000	43,529,000	-62,563,000		-32,754,000	59,643,000	-31,824,000		-33,483,000	78,601,000	6,490,000		-44,523,000	69,188,000	6,332,000		40,559,000	902,000	-16,218,000		-24,593,000	30,206,000	-3,658,000		-33,138,000	19,344,000	29,065,000		-37,437,000	21,762,000	13,766,000
right-of-use assets and operating lease liabilities	-27,786,000	-27,713,000	-27,759,000	-25,920,000	-23,901,000	-24,277,000	-22,426,000	-21,804,000	-20,265,000	-20,820,000	-19,111,000	-17,755,000	-17,421,000	-17,531,000	-15,897,000	-15,185,000	-14,742,000	-15,029,000	-14,964,000
income taxes	22,811,000	-62,297,000	20,224,000	-51,673,000	19,647,000	44,588,000	17,499,000	11,610,000	18,833,000	291,196,000	16,961,000	-25,285,000	33,674,000	1,083,000	16,948,000																							-11,781,000	3,585,000	928,000	1,498,000	4,297,000	6,270,000	7,101,000	26,984,000	-4,083,000	7,213,000	-1,397,000	6,709,000	-443,000	-10,201,000	-11,553,000	12,384,000	4,463,000	5,218,000	6,082,000	5,002,000	10,330,000	2,615,000	2,192,000	4,482,000	4,520,000	5,696,000	5,206,000	5,377,000	6,850,000	7,356,000
cash from operating activities	-80,934,000	252,530,000	239,336,000	285,800,000	-67,235,000	321,937,000	296,887,000	401,236,000	-27,574,000	349,718,000	250,113,000	320,682,000	9,931,000	356,457,000	161,941,000	153,509,000	-68,765,000	212,000,000	112,799,000	212,216,000	30,150,000	108,262,000	118,373,000	125,181,000	-84,914,000	16,769,000	53,021,000	83,883,000	-63,715,000	28,292,000	45,009,000	87,462,000	-46,601,000	17,849,000	41,035,000	89,270,000	-49,890,000	10,400,000										56,568,000	72,347,000	-34,606,000	21,090,000	57,544,000	110,115,000	-60,393,000	49,015,000	49,480,000								8,933,000
capital expenditures	-18,000,000	-6,111,000	-13,174,000	-16,571,000	-15,375,000	-18,490,000	-18,051,000	-17,056,000	-15,750,000	-29,247,000	-34,733,000	-24,064,000	-27,581,000	-76,455,000	42,216,000	-21,289,000	-30,417,000	-20,158,000	-14,429,000	-13,346,000	-7,983,000	-8,840,000	-8,865,000	-8,252,000	-16,076,000	-3,724,000	-14,130,000	-8,169,000	-10,553,000	-6,755,000	-1,978,000	-1,578,000	-1,668,000	0	-1,595,000	-1,715,000	-3,243,000	0										-222,000	335,000	-7,509,000	-15,524,000	-7,320,000	-7,750,000	-6,800,000	-6,555,000	588,000								0
free cash flows	-98,934,000	246,419,000	226,162,000	269,229,000	-82,610,000	303,447,000	278,836,000	384,180,000	-43,324,000	320,471,000	215,380,000	296,618,000	-17,650,000	280,002,000	204,157,000	132,220,000	-99,182,000	191,842,000	98,370,000	198,870,000	22,167,000	99,422,000	109,508,000	116,929,000	-100,990,000	13,045,000	38,891,000	75,714,000	-74,268,000	21,537,000	43,031,000	85,884,000	-48,269,000	17,849,000	39,440,000	87,555,000	-53,133,000	10,400,000										56,346,000	72,682,000	-42,115,000	5,566,000	50,224,000	102,365,000	-67,193,000	42,460,000	50,068,000								8,933,000
cash flows from investing activities:
purchases of property, equipment, and software	-18,000,000	-6,111,000	-13,174,000	-16,571,000	-15,375,000	-18,490,000	-18,051,000	-17,056,000	-15,750,000	-29,247,000	-34,733,000	-24,064,000	-27,581,000	-14,602,000	-32,844,000	-16,958,000	-39,786,000	-20,158,000	-14,429,000	-13,346,000	-7,983,000	-8,840,000	-8,865,000	-8,252,000	-16,076,000	-3,724,000	-14,130,000	-8,169,000	-10,553,000	-6,755,000	-1,978,000	-1,578,000	-1,668,000
cash from investing activities	-18,000,000	-6,111,000	-13,174,000	-16,571,000	-15,375,000	-18,490,000	-18,051,000	-17,056,000	-15,750,000	-29,203,000	-34,823,000	-24,064,000	-27,581,000	-14,602,000	-39,460,000	-25,563,000	-2,071,466,000	-20,158,000	-14,444,000	-13,340,000	-7,983,000	-8,835,000	-8,917,000	-7,843,000	-16,167,000	-3,686,000	-14,088,000	-8,134,000	-10,328,000	-6,211,000	-687,000	-1,560,000	-1,652,000	1,346,000	-1,623,000	-4,447,000	-6,248,000													-16,398,000	-17,038,000	-27,757,000	-11,489,000	-9,659,000	-8,773,000
cash flows from financing activities:
proceeds from borrowings	178,550,000		87,000,000	344,000,000	195,000,000		0	0	78,156,000		0	0	214,634,000		0	514,000	2,240,163,000
repayments of borrowings	-76,000,000		-150,000,000	-449,000,000	-65,000,000		-110,000,000	-200,000,000	-16,405,000		-90,000,000	-257,703,000	-256,000,000		-155,285,000	-110,000,000	-85,000,000
repurchases of common stock					-60,866,000		-151,174,000			-25,006,000								-500,000,000	-150,000,000	-300,000,000	-50,000,000	-131,673,000	0	0	-39,159,000	-13,715,000	-25,000,000	-54,997,000	-53,478,000	-26,085,000	-11,100,000	-5,885,000	-20,061,000	-24,355,000	-15,645,000
repurchases of common stock for tax withholding	-2,455,000	0	-141,000	-794,000	-3,310,000	-4,000	-2,322,000	0	-5,913,000	-52,000	-5,398,000	-1,241,000	-10,395,000	-38,000	-4,683,000	-468,000	-6,288,000	-1,353,000	-7,147,000	-1,157,000	-10,462,000
cash from financing activities	100,095,000	-270,167,000	-271,157,000	-239,065,000	65,824,000	-302,375,000	-263,495,000	-375,009,000	54,831,000	-301,787,000	-246,535,000	-259,011,000	-52,306,000	-297,994,000	-159,968,000	-111,863,000	2,099,484,000	-416,618,000	142,324,000	-257,587,000	102,243,000	-87,087,000	-139,828,000	-74,247,000	103,124,000	6,097,000	-56,640,000	-54,970,000	36,875,000	-102,107,000	-13,872,000	-8,670,000	-24,153,000	-27,770,000	-19,295,000	-17,189,000	-1,116,000								-47,604,000	-36,612,000	167,743,000			-9,389,000	-18,378,000	1,788,000	-23,892,000	23,857,000	494,000	1,189,000	-309,000	7,543,000	551,000			19,166,000	10,428,000	5,068,000	4,064,000	722,000	84,697,000
effect of exchange rate changes on cash, cash equivalents, and restricted cash	-724,000	136,000	-1,663,000	4,280,000	2,845,000	-6,939,000	3,176,000	-1,165,000	-1,582,000	3,340,000	-7,311,000	3,049,000	4,000,000	5,071,000	-7,131,000	-880,000	-810,000	-43,000	-2,114,000	644,000	-2,437,000	-4,000	2,490,000	1,136,000	-3,496,000	1,730,000	-2,709,000	432,000	-22,000	358,000	1,050,000	-8,359,000	2,176,000
net change in cash, cash equivalents, and restricted cash	437,000	-23,612,000	-46,658,000	34,444,000	-13,941,000	-5,867,000	18,517,000	8,006,000	9,925,000	22,068,000	-38,556,000	40,656,000	-65,956,000	48,932,000	-44,618,000	15,203,000	-41,557,000	-224,819,000	238,565,000	-58,067,000	121,973,000	12,336,000	-27,882,000	44,227,000	-1,453,000	20,910,000	-20,416,000	21,211,000	-37,190,000	-79,668,000	31,500,000	68,873,000	-70,230,000
cash, cash equivalents, and restricted cash—beginning of period	133,911,000		0	0	183,678,000		0	0	153,097,000		0	0	194,885,000		0	0	216,925,000		0	0	139,273,000		0	0	112,045,000		0	0	127,530,000		0	0	177,055,000
cash, cash equivalents, and restricted cash—end of period	134,348,000		-46,658,000	34,444,000	169,737,000		18,517,000	8,006,000	163,022,000		-38,556,000	40,656,000	128,929,000		-44,618,000	15,203,000	175,368,000		238,565,000	-58,067,000	261,246,000		-27,882,000	44,227,000	110,592,000		-20,416,000	21,211,000	90,340,000		31,500,000	68,873,000	106,825,000
inventory donations																		111,000	512,000			121,000	52,000
provision for (recovery of) doubtful accounts																			115,000																																547,000	56,000
asset impairments
changes in operating assets and liabilities:
accounts receivable, net of allowances																									-73,232,000	15,604,000	42,381,000	7,722,000	-80,722,000	12,771,000	36,451,000	13,005,000	-86,850,000	9,688,000	44,018,000	13,831,000	-66,917,000
accounts payable																																								-9,567,000	18,487,000	-4,519,000	600,000	42,783,000	-23,863,000	2,340,000	31,675,000	-9,997,000	-9,103,000	21,488,000	-6,520,000	7,164,000	-13,380,000	12,835,000	5,763,000	-5,451,000	-1,415,000	31,417,000	14,106,000	-4,979,000	35,042,000	12,557,000	869,000	11,985,000
accrued expenses and other liabilities																																						-235,000	-11,502,000			-14,071,000	16,604,000	2,322,000	1,221,000	-13,183,000	20,943,000	8,204,000	6,710,000	5,841,000	-18,833,000	9,297,000	24,140,000	-6,588,000	2,871,000	4,290,000			4,235,000					18,435,000	10,821,000
other								2,000	166,000	44,000				0	0	-105,000	85,000	0				-24,000	-52,000	0	-116,000	2,999,000	-1,640,000	27,000	-1,662,000	-18,000	239,000	484,000	-692,000		7,000	0	-240,000
proceeds from bank borrowings																		220,000,000	0	130,000,000	40,000,000		0	5,000,000	145,000,000		215,000,000	0	95,000,000					0	0	0	5,500,000	2,000,000	0	9,582,000	20,000,000							3,996,000	2,399,000	12,173,000	6,581,000	0	38,505,000	51,000,000
repayments of bank borrowings																		-135,000,000	-45,000,000	-85,000,000	-220,000,000		-140,000,000
repurchases of common stock, including excise taxes paid
cash, cash equivalents, and restricted cash — beginning of year
cash, cash equivalents, and restricted cash — end of year
cash paid for interest
cash paid for operating leases
right-of-use assets obtained in exchange for operating lease liabilities, net of terminations
accrued purchases of property, equipment, and software														-61,853,000	75,060,000	-4,331,000	9,369,000
repurchases of common stock, including excise tax			-208,016,000
loss on disposal of assets
provision for doubtful accounts																						59,000	-787,000															1,425,000	1,214,000	181,000	410,000	19,038,000	4,948,000	1,272,000	5,262,000	3,099,000	768,000	80,000	643,000	697,000
acquisition of heydude, net of cash acquired														0	-6,616,000	-8,500,000	-2,031,765,000
deferred debt issuance costs						-1,104,000	0	0	-1,173,000	0	-1,124,000	-67,000	-545,000	-2,201,000	0	-1,909,000	-49,486,000	-264,000			-7,531,000
cash paid for income taxes
share issuance at acquisition														0	0	0	270,396,000
provision (recovery) for doubtful accounts
proceeds from notes issuance																		0	350,000,000	0	350,000,000
deferred income taxes																			-11,000																					68,000	143,000
non-cash investing and financing activities:
recovery of doubtful accounts
accrued additional consideration for acquisition
changes in operating assets and liabilities, net of acquired assets and liabilities:
adjustment holdback amount																	8,500,000
proceeds from disposal of property and equipment																		0	0			29,000	0	409,000	25,000	314,000	42,000	35,000	225,000	531,000	1,291,000	18,000	16,000	17,000	56,000	1,494,000	12,000	13,000	-3,000						131,000			6,000	30,000	515,000	1,361,000	536,000	0	319,000	102,000	-28,000	180,000	65,000	77,000	303,000	634,000
dividends — series a convertible preferred stock
operating lease liabilities																					-15,294,000	-16,045,000	-15,967,000	-16,843,000	-12,323,000	-14,645,000	-14,936,000	-15,122,000	-19,610,000
unrealized foreign currency loss																														573,000			-787,000
loss on disposals of assets
series a preferred stock repurchase
dividends—series a convertible preferred stock																											0	0	-2,985,000
cash, cash equivalents, and restricted cash—beginning of year
cash, cash equivalents, and restricted cash—end of year
repayments of bank borrowings and capital lease obligations																															-11,000	-269,000	-400,000	-389,000	-657,000	-4,189,000	-3,376,000
unrealized foreign currency gain
dividends—series a preferred stock																																-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000
(recovery) provision for doubtful accounts
change in restricted cash																																		183,000	353,000	880,000	-850,000	246,000				-520,000	259,000	272,000
effect of exchange rate changes on cash and cash equivalents																																																																			51,000
net change in cash and cash equivalents																																		-6,061,000	21,227,000	68,078,000	-58,681,000		3,554,000
cash and cash equivalents—beginning of year																																																			0	0
cash and cash equivalents—end of year																																																			-18,232,000	33,753,000
cash paid for purchases of property and equipment																																			-1,595,000	-1,715,000	-3,243,000													-9,889,000	-13,896,000	-9,554,000	-8,476,000	-7,836,000	-6,555,000
cash paid for intangible assets																																			-437,000	-5,106,000	-2,167,000													-5,745,000	-6,820,000	-9,753,000	-2,663,000	-1,838,000	-2,488,000
effect of exchange rate changes on cash																																			1,110,000	444,000	-1,427,000	-4,956,000	2,322,000	-4,163,000	6,367,000					3,146,000	5,576,000			-1,282,000	-3,906,000	2,178,000	-2,510,000	-4,789,000	-3,537,000	1,230,000	4,216,000	466,000	1,600,000	-108,000	1,341,000
cash and cash equivalents—beginning of period																																			0	0	147,565,000							267,512,000	0	0	317,144,000	0	0	294,348,000				257,587,000		0	0	145,583,000	0	0	77,343,000	0	42,656,000		0	0	4,787,000
cash and cash equivalents—end of period																																			21,227,000	68,078,000	88,884,000							180,698,000	-58,582,000	-2,853,000	411,806,000	43,137,000	56,681,000	232,673,000				206,603,000		40,409,000	64,480,000	115,499,000	46,190,000	43,067,000	53,800,000	22,685,000	38,577,000		-9,137,000	-844,000	67,861,000
unrealized gains on foreign exchange
unrealized loss on foreign exchange																																					856,000											-631,000	-1,590,000	2,982,000	8,398,000	638,000	-3,255,000	8,147,000
asset impairment charges																																						1,449,000	930,000	572,000	193,000	5,460,000			2,600,000								106,000	713,000
inventory write-down charges																																													-1,133,000
non-cash restructuring charges																																																											0	0	196,000
accrued restructuring																																												306,000	-94,000
proceeds from preferred stock offering, net of issuance costs of 15.8 million
repayment of bank borrowings and capital lease obligations																																																		-9,504,000	-8,000	-39,000	-62,779,000	-27,799,000
issuances of common stock																																						29,000	25,000	211,000	155,000	296,000	785,000	174,000	91,000	691,000	518,000	578,000	836,000	603,000	348,000	1,827,000	875,000	656,000	1,104,000
purchase of treasury stock, net of issuances
repurchase of common stock for tax withholding																																																			0	0
excess tax benefit from share-based compensation
net increase in cash and cash equivalents																																													-58,582,000	-2,853,000	94,662,000				-18,232,000	33,753,000	72,224,000	-50,984,000	37,199,000	40,409,000			46,190,000					-15,224,000	-9,137,000	-844,000	63,074,000
supplemental disclosure of cash flow information—cash paid during the period for:
interest, net of capitalized interest																																						236,000	142,000	126,000	149,000	209,000	-137,000	616,000
supplemental disclosure of non-cash investing and financing activities:
assets acquired under capitalized leases																																																0	0	61,000	-1,000													-281,000	0	-282,000	845,000
accrued purchases of property and equipment																																										301,000	97,000	363,000	-2,914,000	1,965,000	1,612,000	-222,000	335,000	2,380,000	-1,628,000	2,234,000	726,000	1,036,000								1,001,000	455,000				1,851,000
accrued purchases of intangibles																																											10,000	68,000	-2,617,000	3,579,000	5,088,000	-1,594,000	1,035,000	768,000	-3,513,000	3,884,000	278,000	119,000	-826,000	643,000	1,000	405,000
intrinsic value of beneficial conversion feature—series a preferred stock
accrued dividends																																						0	0	0	3,000,000	0	167,000	2,833,000	34,000	900,000	2,133,000
accretion of dividend equivalents																																										752,000	736,000	721,000	691,000	721,000	618,000
change in assets held for sale
vendor financed insurance premiums
unrealized gain on foreign exchange
dividends - series a preferred stock
cash and cash equivalents - beginning of period																																							0	0	143,341,000	0
cash and cash equivalents - end of period																																							3,554,000	57,582,000	89,080,000	-28,813,000
supplemental disclosure of cash flow information - cash paid during the period for:
cash from (used in) operating activities
cash from (used in) financing activities																																									4,000,000
net decrease in cash and cash equivalents																																																		-61,675,000
adjustments to reconcile net income to net cash provided by operating activities:
proceeds from preferred stock offering, net of issuance costs of 0.0 million and 15.8 million, respectively
purchase of treasury stock																																																		-12,661,000
net increase (decrease) in cash and cash equivalents
restricted cash																																																		-1,279,000	-296,000	-1,204,000	-350,000	-304,000
proceeds from preferred stock offering, net of issuance costs of 15.8 million and 0.0 million, respectively																																													0	0	182,220,000
dividends paid
interest																																													154,000	52,000	152,000	194,000	26,000	499,000	77,000	269,000	268,000	5,000	156,000	322,000	212,000	153,000	141,000	157,000	127,000	134,000	13,000	57,000	77,000	55,000	164,000
purchases of marketable securities
business acquisitions, net of cash																																																			-17,000
supplemental disclosure of non-cash, investing, and financing activities:
charitable contributions																																																			252,000	664,000	673,000	154,000	123,000	75,000	839,000	997,000	77,000	292,000	143,000
sales of marketable securities
supplemental disclosure of cash flow information—cash paid during the year for:
(recovery of) provision for doubtful accounts																																																						1,000,000	-129,000
income taxes receivable																																																						7,312,000
share based compensation
share based compensation from 2009 tender offer
loss on disposal of fixed assets																																																								97,000	7,000	111,000				134,000	1,000	-193,000	-149,000	461,000	18,000
unrealized loss on foreign exchange transactions																																																										347,000
gain on charitable contributions
income tax receivable																																																										3,357,000
maturities of marketable securities																																																											4,582,000	1,146,000	555,000
proceeds from note payable																																																								102,325,000	108,689,000	56,509,000	8,700,000				299,000	-3,000	10,000	1,235,000	566,000
repayment of note payable and capital lease obligations
assets acquired through capital leases																																																											517,000	396,000	1,693,000
accrued purchases of property, plant and equipment																																																								588,000	-1,193,000	2,915,000
accrued restructuring charges																																																												523,000	1,222,000
repurchase of stock for stock option exercise tax withholding
exercise of stock options																																																									4,435,000	2,633,000	970,000	1,901,000	440,000	6,495,000	2,059,000	1,720,000	553,000
bad debt expense																																																											955,000	1,412,000	241,000				512,000	794,000	83,000
loss (gain) on disposal of fixed assets																																																											109,000
unrealized gain on foreign exchange transactions
inventory write down
cash provided by operating activities																																																											48,052,000
cash used in investing activities
debt issuance costs
unrealized gain on foreign exchange rates
gain on disposal of fixed assets																																																													384,000
purchase of marketable securities
issuance of treasury stock																																																													14,000
unrealized foreign exchange rate
excess tax benefit on share-based compensation																																																														13,053,000	8,192,000	5,201,000	3,766,000	1,186,000	95,000
purchases of short-term investments
sales of short-term investments																																																														13,100,000	13,935,000	23,875,000
acquisition of businesses, net of cash acquired
repayment of long-term debt and capital lease obligations
proceeds from initial public offering, net of offering costs																																																																0	0	0	94,454,000
payment of preferred dividends
in conjunction with the acquisitions made liabilities were assumed as follows:
fair value of assets acquired																																																														1,660,000	2,167,000
cash paid for capital stock																																																														380,000	1,853,000
liabilities assumed																																																														1,280,000	314,000
accrued jibbitz purchase price
payments on long-term debt and capital lease obligations
deferred tax benefit
changes in operating assets and liabilities—net of effect of acquired businesses:
acquisition of non-competition agreement
proceeds from long-term debt
payments on long-term debt
distribution payment to members
repurchase of members’ investments
proceeds from equity issuances
payments on member loan
supplemental disclosure of noncash, investing, and financing activities:
in conjunction with the acquisitions made, liabilities were assumed as follows:
accrued purchase price related to exo
accrued members’ distribution
accrued preferred stock dividends
proceeds from the disposal of property and equipment
proceeds from (repayment of) long-term debt and capital lease obligations
cash (used in) provided by operating activities
(repayment of) proceeds from long-term debt and capital lease obligations

Crocs, Inc(NASDAQ:CROX)

Crocs, Inc
(NASDAQ:CROX)