Supplementary Balance Sheet Information (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Inventories |
Inventories
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2025 |
|
|
2024 |
|
Raw materials |
$ |
123,305 |
|
|
$ |
92,198 |
|
Work-in-process |
|
32,479 |
|
|
|
24,719 |
|
Finished goods |
|
31,716 |
|
|
|
27,327 |
|
Demo and consigned inventory |
|
784 |
|
|
|
362 |
|
Total inventories |
$ |
188,284 |
|
|
$ |
144,606 |
|
|
| Property, Plant and Equipment, Net |
Property, Plant and Equipment, Net
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2025 |
|
|
2024 |
|
Cost: |
|
|
|
|
|
Land, buildings and improvements |
$ |
103,856 |
|
|
$ |
99,217 |
|
Machinery and equipment |
|
147,195 |
|
|
|
125,694 |
|
Total cost |
|
251,051 |
|
|
|
224,911 |
|
Accumulated depreciation |
|
(132,560 |
) |
|
|
(111,776 |
) |
Property, plant and equipment, net |
$ |
118,491 |
|
|
$ |
113,135 |
|
|
| Summary of Depreciation Expense on Property, Plant and Equipment, Including Demo Units and Assets under Finance Leases |
The following table summarizes depreciation expense on property, plant and equipment, including demo units and assets under finance leases (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
Depreciation expense |
$ |
18,179 |
|
|
$ |
14,996 |
|
|
$ |
14,017 |
|
|
| Accrued Expenses and Other Current Liabilities |
The following table summarizes accrued expenses and other current liabilities as of the dates indicated (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2025 |
|
|
2024 |
|
Accrued compensation and benefits |
$ |
16,405 |
|
|
$ |
28,361 |
|
Accrued warranty |
|
4,463 |
|
|
|
4,805 |
|
Contract liabilities, current portion |
|
10,945 |
|
|
|
5,715 |
|
Accrued restructuring |
|
10,251 |
|
|
|
6,131 |
|
Accrued contingent considerations and earn-outs |
|
4,465 |
|
|
|
57 |
|
Other |
|
16,969 |
|
|
|
15,262 |
|
Total |
$ |
63,498 |
|
|
$ |
60,331 |
|
|
| Accrued Warranty |
The following table summarizes changes in accrued warranty for the periods indicated (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
Balance at beginning of year |
$ |
4,805 |
|
|
$ |
5,292 |
|
|
$ |
5,127 |
|
Provision charged to cost of revenue |
|
2,250 |
|
|
|
1,140 |
|
|
|
2,445 |
|
Warranty liabilities acquired from acquisitions |
|
— |
|
|
|
76 |
|
|
|
— |
|
Use of provision |
|
(2,674 |
) |
|
|
(1,680 |
) |
|
|
(2,338 |
) |
Foreign currency exchange rate changes |
|
82 |
|
|
|
(23 |
) |
|
|
58 |
|
Balance at end of year |
$ |
4,463 |
|
|
$ |
4,805 |
|
|
$ |
5,292 |
|
|
| Other Long Term Liabilities |
The following table summarizes other long-term liabilities as of the dates indicated (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2025 |
|
|
2024 |
|
Finance lease obligations |
$ |
2,348 |
|
|
$ |
3,175 |
|
Other |
|
4,638 |
|
|
|
1,316 |
|
Total |
$ |
6,986 |
|
|
$ |
4,491 |
|
|