v3.25.3
Accounting Changes and Error Corrections - Balance Sheet (Details) - USD ($)
$ / shares in Units, $ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Dec. 02, 2019
Nov. 20, 2019
Mar. 13, 2018
Jun. 28, 2017
Current assets:                                  
Cash and cash equivalents $ 59,659 $ 64,938 $ 61,456 $ 59,505 $ 446,616 $ 56,793 $ 58,854 $ 45,880 $ 52,675 $ 50,617 $ 94,054 $ 87,014          
Accounts receivable, net 207,172 218,937 190,301 193,088 185,237 206,365 179,005 189,106 203,677 229,242 204,804 197,235          
Inventories, net 571,248 557,451 535,204 534,353 522,509 571,239 592,112 581,596 561,450 555,853 537,960 480,751          
Prepaid expenses and other current assets 126,692 102,707 98,544 76,535 77,769 66,121 59,715 51,540 53,307 59,666 50,869 37,139          
Assets, Current 964,771 982,487 926,220 901,815 1,269,046 1,010,754 987,038 988,470 1,014,647 1,031,751 999,628 925,730          
Property, plant and equipment, net 244,746 185,126 179,770 190,730 191,283 185,339 188,075 187,198 183,397 171,317 167,217 164,276          
Goodwill 895,916 876,050 875,650 895,167 773,569 830,403 862,971 863,774 863,774 928,466 586,258 588,519 $ 585,972        
Intangible assets, net 983,396 955,948 979,139 1,032,898 808,344 830,111 850,358 870,813 891,266 856,656 620,138 633,979          
Assets 3,297,422 3,265,997 3,233,259 3,292,418 3,325,141 3,349,056 3,377,281 3,378,294 3,493,405 3,542,358 2,916,563 2,854,915          
Subsidiary financing arrangements 169,765 151,058 130,526 112,905 100,741 85,699 66,059 62,254 48,160 45,977 40,114 36,046          
Current liabilities:                                  
Accounts payable 103,239 94,117 94,593 82,042 90,708 93,609 78,408 70,548 77,085 86,444 94,170 81,450          
Accrued expenses 318,476 301,163 267,974 250,829 237,817 237,347 225,119 240,949 232,648 242,566 207,137 190,646          
Other current liabilities 49,617 36,621 36,427 35,800 34,812 33,268 33,825 35,776 33,957 35,720 30,351 30,772          
Liabilities, Current 2,433,423 2,386,988 2,280,443 2,225,885 2,160,968 2,285,685 2,213,285 460,778 457,045 469,180 421,867 390,423          
Deferred income taxes 108,091 118,539 121,098 125,343 103,264 107,320 113,105 116,018 119,057 109,364 48,261 50,349          
Long-term debt (refer to Note I) 0 0 0 0 0 0 0 1,675,571 1,824,468 1,784,365 1,285,747 1,285,304          
Other non-current liabilities 225,334 197,848 204,066 202,006 203,207 156,236 150,298 150,998 139,072 126,588 114,981 105,730          
Liabilities $ 2,766,848 $ 2,705,996 $ 2,607,895 $ 2,552,147 $ 2,468,716 $ 2,556,239 $ 2,482,412 $ 2,408,785 $ 2,564,468 $ 2,522,650 $ 1,904,156 $ 1,867,173          
Stockholders’ equity                                  
Preferred Stock, Shares Outstanding 17,497,000 13,725,000 13,011,000 12,634,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000          
Preferred Stock, Shares Issued 17,497,000 13,725,000 13,011,000 12,634,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000 12,600,000          
Trust shares, par value (in dollars per share) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0          
Trust shares, issued (in shares) 76,135,000 76,135,000 75,958,000 75,807,000 75,753,000 72,203,000 71,896,000 71,993,000 72,203,000 72,203,000 71,268,000 69,450,000          
Trust shares, authorized (in shares) 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000          
Treasury Stock, Common, Value $ (18,910) $ (9,339) $ (9,339) $ (9,339) $ (9,339) $ (7,389) $ (5,856) $ (3,954) $ 0                
Preferred Stock, Value, Issued   $ 330,862 $ 313,721 $ 304,745   $ 303,918 $ 303,918 $ 303,918   $ 303,918 $ 303,918 $ 303,918          
Trust shares, outstanding (in shares) 75,236,000 75,652,000 75,476,000 75,234,000 75,270,000 71,820,000 71,896,000 71,993,000 72,203,000 72,203,000 71,268,000 69,450,000          
Prepaid expenses and other current assets $ 126,692 $ 102,707 $ 98,544 $ 76,535 $ 77,769 $ 66,121 $ 59,715 $ 51,540 $ 53,307 $ 59,666 $ 50,869 $ 37,139          
Current assets of discontinued operations 0 38,454 40,715 38,334 36,915 110,236 97,352 120,348 143,538 136,373 111,941 123,591          
Deferred Revenue 8,284       7,350       7,093                
Due to related parties 18,036 18,116 17,928 17,202 16,025 17,230 15,402 15,034 15,495 14,993 13,501 13,099          
Debt, Current 1,774,290 1,776,187 1,722,084 1,715,982 1,671,879 1,785,776 1,767,673 10,000 10,000 10,000 0 0          
Other Assets 208,593 182,519 187,367 185,923 195,016 176,060 170,787 173,201 161,857 151,246 136,592 131,802          
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total 0 83,867 85,113 85,885 87,883 316,389 318,052 294,838 378,464 402,922 406,730 410,609          
Current liabilities of discontinued operations 0 9,726 10,911 11,125 8,986 32,756 26,799 26,217 39,700 33,480 36,594 38,410          
Non-current liabilities of discontinued operations 0 2,621 2,288 (1,087) 1,277 6,998 5,724 5,420 24,826 33,153 33,300 35,367          
Noncontrolling interest (148,046) (128,554) (102,671) (76,126) (89,991) (33,041) (11,229) 1,760 13,762 32,266 3,098 8,629          
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations 0 16,331 16,691 16,679 16,756 43,740 42,379 37,364 37,598 38,837 36,891 35,040          
Total stockholders’ equity attributable to Holdings $ 678,620 $ 672,224 $ 711,344 $ 799,718 $ 929,660 $ 782,118 $ 863,719 $ 930,385 $ 877,577 $ 948,605 $ 972,418 $ 944,073          
Preferred Stock, Shares Authorized 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          
Trust common shares, no par value, 500,000 authorized; 76,135 shares issued and 75,236 shares outstanding at December 31, 2024, 75,753 shares issued and 75,270 outstanding at December 31, 2023 and 72,203 shares issued and outstanding at December 31, 2022 $ 1,289,010 $ 1,289,348 $ 1,285,796 $ 1,282,521 $ 1,281,303 $ 1,206,917 $ 1,206,953 $ 1,206,996 $ 1,207,044 $ 1,207,082 $ 1,185,348 $ 1,143,354          
Accumulated other comprehensive income (loss) (5,337) (3,149) (4,628) (2,002) 3 (1,080) 282 (414) (1,136) (2,593) (665) (228)          
Accumulated deficit (1,004,975) (935,498) (874,206) (776,207) (646,225) (720,248) (641,578) (576,161) (632,249) (559,802) (516,183) (502,971)          
Total stockholders’ equity 530,574 560,001 625,364 740,271 856,425 792,817 894,869 969,509 928,937 1,019,708 1,012,407 987,742 $ 1,011,148        
Liabilities and Equity $ 3,297,422 3,265,997 3,233,259 3,292,418 $ 3,325,141 3,349,056 3,377,281 3,378,294 $ 3,493,405 3,542,358 2,916,563 2,854,915          
Series A Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Shares Outstanding 4,551,000       4,000,000                        
Preferred Stock, No Par Value $ 0       $ 0       $ 0                
Preferred Stock, Shares Issued 4,551,000       4,000,000       4,000,000               4,000,000
Preferred Stock, Value, Issued $ 109,159       $ 96,417       $ 96,417                
Series B Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Shares Outstanding 6,192,000       4,000,000                        
Preferred Stock, No Par Value $ 0       $ 0       $ 0                
Preferred Stock, Shares Issued 6,192,000       4,000,000       4,000,000             4,000,000  
Preferred Stock, Value, Issued $ 147,906       $ 96,504       $ 96,504                
Series C Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Shares Outstanding 6,754,000       4,600,000                        
Preferred Stock, No Par Value $ 0       $ 0       $ 0                
Preferred Stock, Shares Issued 6,754,000       4,600,000       4,600,000         600,000 4,000,000    
Preferred Stock, Value, Issued $ 161,767       $ 110,997       $ 110,997                
As Reported                                  
Current assets:                                  
Cash and cash equivalents 59,727 65,006 61,524 59,573 446,684 56,861 58,922 45,948 52,743 50,685 94,122 87,082          
Accounts receivable, net 444,386 402,024 344,515 328,230 308,183 310,687 269,596 280,605 288,901 278,496 242,675 225,432          
Inventories, net 962,408 925,146 830,235 772,701 723,194 745,607 732,600 704,826 657,494 658,158 643,255 575,435          
Prepaid expenses and other current assets 101,129 93,917 119,572 119,760 88,844 92,046 88,701 56,891 67,509 70,838 57,101 58,335          
Assets, Current 1,567,650 1,524,547 1,396,561 1,318,598 1,603,820 1,315,437 1,247,171 1,208,618 1,210,185 1,194,550 1,149,094 1,069,875          
Property, plant and equipment, net 244,746 185,126 179,770 190,730 191,283 185,339 188,075 187,198 183,397 171,317 167,217 164,276          
Goodwill 982,253 962,386 961,987 981,503 859,907 916,740 949,308 950,111 950,111 991,475 649,268 651,528          
Intangible assets, net 1,049,186 1,022,974 1,047,401 1,102,396 879,078 900,854 922,306 943,966 965,624 929,787 694,438 709,446          
Assets 4,052,422 3,961,414 3,858,194 3,865,029 3,816,981 3,810,812 3,795,693 3,757,925 3,849,631 3,841,297 3,203,333 3,137,529          
Subsidiary financing arrangements 0 0 0 0 0 0 0 0 0 0 0 0          
Current liabilities:                                  
Accounts payable 104,304 93,506 91,831 79,997 91,089 89,819 81,900 73,814 80,447 88,281 95,520 83,270          
Accrued expenses 197,829 190,751 167,191 168,832 151,443 171,246 162,948 184,030 180,233 194,416 170,545 171,384          
Other current liabilities 49,617 36,621 36,427 35,800 34,812 33,268 33,825 35,776 33,957 35,720 30,351 30,772          
Liabilities, Current 384,786 361,220 334,288 322,956 312,355 354,319 330,874 344,871 359,832 376,890 346,511 336,935          
Deferred income taxes 119,948 134,157 136,716 140,961 118,882 127,734 133,519 136,432 139,471 128,318 67,948 70,765          
Long-term debt (refer to Note I) 1,759,290 1,763,687 1,712,084 1,705,982 1,661,879 1,775,776 1,757,673 1,675,571 1,824,468 1,784,365 1,285,747 1,285,304          
Other non-current liabilities 225,334 197,848 204,066 202,006 203,207 156,236 150,298 150,998 139,072 126,588 114,981 105,730          
Liabilities 2,489,358 2,459,533 2,389,442 2,370,818 2,297,600 2,421,063 2,378,088 2,313,292 2,487,669 2,449,314 1,848,487 1,834,101          
Stockholders’ equity                                  
Treasury Stock, Common, Value (18,910) (9,339) (9,339) (9,339) (9,339) (7,389) (5,856) (3,954)                  
Preferred Stock, Value, Issued   330,862 313,721 304,745   303,918 303,918 303,918   303,918 303,918 303,918          
Prepaid expenses and other current assets 101,129 93,917 119,572 119,760 88,844 92,046 88,701 56,891 67,509 70,838 57,101 58,335          
Current assets of discontinued operations   38,454 40,715 38,334 36,915 110,236 97,352 120,348 143,538 136,373 111,941 123,591          
Due to related parties 18,036 18,116 17,928 17,202 16,025 17,230 15,402 15,034 15,495 14,993 13,501 13,099          
Debt, Current 15,000 12,500 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 0 0          
Other Assets 208,587 182,514 187,362 185,917 195,010 176,053 170,781 173,194 161,850 151,246 136,586 131,795          
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total   83,867 85,113 85,885 87,883 316,389 318,052 294,838 378,464 402,922 406,730 410,609          
Current liabilities of discontinued operations   9,726 10,911 11,125 8,986 32,756 26,799 26,217 39,700 33,480 36,594 38,410          
Non-current liabilities of discontinued operations   2,621 2,288 (1,087) 1,277 6,998 5,724 5,420 24,826 33,153 33,300 35,367          
Noncontrolling interest 266,271 248,585 235,557 226,261 175,875 206,429 198,436 192,328 187,444 181,581 140,446 135,246          
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations   16,331 16,691 16,679 16,756 43,740 42,379 37,364 37,598 38,837 36,891 35,040          
Total stockholders’ equity attributable to Holdings 1,296,793 1,236,965 1,216,504 1,251,271 1,326,750 1,139,580 1,176,790 1,214,941 1,136,920 1,171,565 1,177,509 1,133,142          
Trust common shares, no par value, 500,000 authorized; 76,135 shares issued and 75,236 shares outstanding at December 31, 2024, 75,753 shares issued and 75,270 outstanding at December 31, 2023 and 72,203 shares issued and outstanding at December 31, 2022 1,289,010 1,289,348 1,285,796 1,282,521 1,281,303 1,206,917 1,206,953 1,206,996 1,207,044 1,207,082 1,185,348 1,143,354          
Accumulated other comprehensive income (loss) (5,815) (1,541) (4,503) (1,961) 111 (1,186) 282 (414) (1,136) (2,593) (665) (228)          
Accumulated deficit (386,324) (372,365) (369,171) (324,695) (249,243) (362,680) (328,507) (291,605) (372,906) (336,842) (311,092) (313,902)          
Total stockholders’ equity 1,563,064 1,501,881 1,468,752 1,494,211 1,519,381 1,389,749 1,417,605 1,444,633 1,361,962 1,391,983 1,354,846 1,303,428          
Liabilities and Equity 4,052,422 3,961,414 3,858,194 3,865,029 3,816,981 3,810,812 3,795,693 3,757,925 3,849,631 3,841,297 3,203,333 3,137,529          
As Reported | Series A Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Value, Issued 109,159       96,417       96,417                
As Reported | Series B Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Value, Issued 147,906       96,504       96,504                
As Reported | Series C Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Value, Issued 161,767       110,997       110,997                
Adjustments | Restatements From Unrecorded Financing Arrangements                                  
Current assets:                                  
Cash and cash equivalents (68) (68) (68) (68) (68) (68) (68) (68) (68) (68) (68) (68)          
Accounts receivable, net (237,214) (183,087) (154,214) (135,142) (122,946) (104,322) (90,591) (91,499) (85,224) (49,254) (37,871) (28,197)          
Inventories, net (391,160) (367,695) (295,031) (238,348) (200,685) (174,368) (140,488) (123,230) (96,044) (102,305) (105,295) (94,684)          
Prepaid expenses and other current assets 25,563 8,790 (21,028) (43,225) (11,075) (25,925) (28,986) (5,351) (14,202) (11,172) (6,232) (21,196)          
Assets, Current (602,879) (542,060) (470,341) (416,783) (334,774) (304,683) (260,133) (220,148) (195,538) (162,799) (149,466) (144,145)          
Property, plant and equipment, net 0 0 0 0 0 0 0 0 0 0 0 0          
Goodwill (86,337) (86,336) (86,337) (86,336) (86,338) (86,337) (86,337) (86,337) (86,337) (63,009) (63,010) (63,009)          
Intangible assets, net (65,790) (67,026) (68,262) (69,498) (70,734) (70,743) (71,948) (73,153) (74,358) (73,131) (74,300) (75,467)          
Assets (755,000) (695,417) (624,935) (572,611) (491,840) (461,756) (418,412) (379,631) (356,226) (298,939) (286,770) (282,614)          
Subsidiary financing arrangements 169,765 151,058 130,526 112,905 100,741 85,699 66,059 62,254 48,160 45,977 40,114 36,046          
Current liabilities:                                  
Accounts payable (1,065) 611 2,762 2,045 (381) 3,790 (3,492) (3,266) (3,362) (1,837) (1,350) (1,820)          
Accrued expenses 120,647 110,412 100,783 81,997 86,374 66,101 62,171 56,919 52,415 48,150 36,592 19,262          
Other current liabilities 0 0 0 0 0 0 0 0 0 0 0 0          
Liabilities, Current 2,048,637 2,025,768 1,946,155 1,902,929 1,848,613 1,931,366 1,882,411 115,907 97,213 92,290 75,356 53,488          
Deferred income taxes (11,857) (15,618) (15,618) (15,618) (15,618) (20,414) (20,414) (20,414) (20,414) (18,954) (19,687) (20,416)          
Long-term debt (refer to Note I) (1,759,290) (1,763,687) (1,712,084) (1,705,982) (1,661,879) (1,775,776) (1,757,673) 0 0 0 0 0          
Other non-current liabilities 0 0 0 0 0 0 0 0 0 0 0 0          
Liabilities 277,490 246,463 218,453 181,329 171,116 135,176 104,324 95,493 76,799 73,336 55,669 33,072          
Stockholders’ equity                                  
Treasury Stock, Common, Value 0 0 0 0 0 0 0 0                  
Preferred Stock, Value, Issued   0 0 0   0 0 0   0 0 0          
Prepaid expenses and other current assets 25,563 8,790 (21,028) (43,225) (11,075) (25,925) (28,986) (5,351) (14,202) (11,172) (6,232) (21,196)          
Current assets of discontinued operations   0 0 0 0 0 0 0 0 0 0 0          
Due to related parties 0 0 0 0 0 0 0 0 0 0 0 0          
Debt, Current 1,759,290 1,763,687 1,712,084 1,705,982 1,661,879 1,775,776 1,757,673 0 0 0 0 0          
Other Assets 6 5 5 6 6 7 6 7 7 0 6 7          
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total   0 0 0 0 0 0 0 0 0 0 0          
Current liabilities of discontinued operations   0 0 0 0 0 0 0 0 0 0 0          
Non-current liabilities of discontinued operations   0 0 0 0 0 0 0 0 0 0 0          
Noncontrolling interest (414,317) (377,139) (338,228) (302,387) (265,866) (239,470) (209,665) (190,568) (173,682) (149,315) (137,348) (126,617)          
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations   0 0 0 0 0 0 0 0 0 0 0          
Total stockholders’ equity attributable to Holdings (618,173) (564,741) (505,160) (451,553) (397,090) (357,462) (313,071) (284,556) (259,343) (222,960) (205,091) (189,069)          
Trust common shares, no par value, 500,000 authorized; 76,135 shares issued and 75,236 shares outstanding at December 31, 2024, 75,753 shares issued and 75,270 outstanding at December 31, 2023 and 72,203 shares issued and outstanding at December 31, 2022 0 0 0 0 0 0 0 0 0 0 0 0          
Accumulated other comprehensive income (loss) 478 (1,608) (125) (41) (108) 106 0 0 0 0 0 0          
Accumulated deficit (618,651) (563,133) (505,035) (451,512) (396,982) (357,568) (313,071) (284,556) (259,343) (222,960) (205,091) (189,069)          
Total stockholders’ equity (1,032,490) (941,880) (843,388) (753,940) (662,956) (596,932) (522,736) (475,124) (433,025) (372,275) (342,439) (315,686)          
Liabilities and Equity (755,000) $ (695,417) $ (624,935) $ (572,611) (491,840) $ (461,756) $ (418,412) $ (379,631) (356,226) $ (298,939) $ (286,770) $ (282,614)          
Adjustments | Restatements From Unrecorded Financing Arrangements | Series A Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Value, Issued 0       0       0                
Adjustments | Restatements From Unrecorded Financing Arrangements | Series B Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Value, Issued 0       0       0                
Adjustments | Restatements From Unrecorded Financing Arrangements | Series C Preferred Stock [Member]                                  
Stockholders’ equity                                  
Preferred Stock, Value, Issued $ 0       $ 0       $ 0