Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
USD ($)
shares
Dec. 31, 2016
USD ($)
shares
Dec. 31, 2015
USD ($)
shares
Operating Activities      
Net income (loss) $ (9,187) $ 61,292 $ (42,331)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Amortization and depreciation 66,738 26,703 40,641
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 2,000 1,300 21,600
Provision for Doubtful Accounts 133 87 178
Amortization of investment premiums, net (60) 169 554
Amortization of inventory step-up 25,557 5,641 14,244
Amortization of Debt Issuance Costs and Discounts 763 0 0
Stock-based compensation 32,668 21,765 19,268
Deferred income taxes (31,767) 101 (1,906)
Gain (Loss) on Disposition of Property Plant Equipment 168 366 74
Gain (Loss) on Sale of Investments 38 (50) (21)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 0 220 130
Impairment of Long-Lived Assets Held-for-use 0 0 153
Impairment of Leasehold 0 388 8,163
Foreign Currency Transaction Gain (Loss), before Tax 2,153 (216) 0
Excess Tax Benefit from Share-based Compensation, Operating Activities (8,559) (8,291) 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (4,377) (8,175) 5,160
Inventory (1,788) 9,846 (6,247)
Prepaid expenses and other assets 1,272 402 4,495
Accounts payable, accrued expenses and other current liabilities (1,918) 3,249 (22,033)
Accrued compensation 1,567 5,609 5,320
Deferred revenue and deferred profit (1,629) 1,925 454
Accrued price protection liability 6,395 (4,850) 6,522
Other long-term liabilities (5,103) (164) 623
Net cash provided by operating activities 75,064 117,317 55,041
Investing Activities      
Purchases of property and equipment (7,468) (8,512) (2,996)
Proceeds from Sale of Property, Plant, and Equipment 30 0 0
Payments to Acquire Intangible Assets (5,378) (390) (100)
Cash used in acquisition, net of cash acquired (473,304) (101,000) (3,615)
Purchases of available-for-sale securities (30,577) (90,307) (73,377)
Maturities of available-for-sale securities 84,546 98,896 69,029
Net cash used in investing activities (432,151) (101,313) (11,059)
Financing Activities      
Payments for Repurchase of Common Stock (334) (3) (101)
Proceeds from Issuance of Common Stock 12,052 6,649 9,950
Payments Related to Tax Withholding for Share-based Compensation (11,543) (7,316) (5,141)
Payments of Stock Issuance Costs 0 0 (705)
Proceeds from Issuance of Secured Debt 416,846 0 0
Repayments of Secured Debt (70,000) 0 0
Net cash provided by (used in) financing activities 347,021 (670) 4,003
Effect of exchange rate changes on cash and cash equivalents 1,582 (394) (725)
Increase (decrease) in cash, cash equivalents and restricted cash (8,484) 14,940 47,260
Cash, cash equivalents and restricted cash 74,412 82,896 67,956
Cash, cash equivalents and restricted cash at end of period 71,872 81,086  
Supplemental disclosures of cash flow information:      
Interest Paid 8,843 0 0
Cash paid for income taxes 9,435 1,583 41
Supplemental disclosures of non-cash investing and financing activities:      
Issuance of accrued share-based bonus plan 3,314 7,649 5,459
Lease Incentive for Leasehold Improvements $ 0 $ 61 $ 4,255
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares 818 1,061 0