Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Net income (loss) $ (12,575) $ 19,428
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Amortization and depreciation 40,135 25,160
Provision for losses on accounts receivable 0 87
Accretion of investment discount 0 (60)
Amortization of inventory step-up 0 5,635
Amortization of debt issuance costs and discount 574 175
Stock-based compensation 15,782 17,102
Deferred income taxes (3,621) (53,142)
Gain on disposal of property and equipment 0 (85)
Loss on sale of available-for-sale securities 0 38
(Gain) loss on foreign currency (357) 682
Excess tax benefits on stock-based awards (1,115) (3,290)
Impairment of leasehold improvements 700 0
Changes in operating assets and liabilities:    
Accounts receivable (17,554) (20,932)
Inventory 9,096 (7,391)
Prepaid expenses and other assets 3,216 5,210
Accounts payable, accrued expenses and other current liabilities 11,119 15,562
Accrued compensation 3,903 (1,282)
Deferred revenue and deferred profit (138) 7,326
Accrued price protection liability (1,491) 9,447
Other long-term liabilities 121 (4,088)
Net cash provided by operating activities 47,795 15,582
Investing Activities    
Purchases of property and equipment (4,804) (1,898)
Purchases of intangible assets 0 (5,325)
Cash used in acquisitions, net of cash acquired 0 (473,304)
Purchases of available-for-sale securities 0 (30,577)
Maturities of available-for-sale securities 0 84,546
Net cash used in investing activities (4,804) (426,558)
Financing Activities    
Net proceeds from the issuance of debt 0 416,846
Repayment of debt (43,000) 0
Repurchases of common stock 0 (334)
Net proceeds from issuance of common stock 4,016 8,018
Minimum tax withholding paid on behalf of employees for restricted stock units (3,839) (8,399)
Net cash provided by (used in) financing activities (42,823) 416,131
Effect of exchange rate changes on cash and cash equivalents 535 2,040
Increase in cash, cash equivalents and restricted cash 703 7,195
Cash, cash equivalents and restricted cash at beginning of period 74,412 82,896
Cash, cash equivalents and restricted cash at end of period 75,115 90,091
Supplemental disclosures of cash flow information:    
Cash paid for interest 7,145 1,277
Cash paid for income taxes 1,093 4,452
Supplemental disclosures of non-cash activities:    
Issuance of accrued share-based bonus plan 6,997 3,314
Physpeed [Member]    
Supplemental disclosures of non-cash activities:    
Issuance of restricted stock units to Physpeed continuing employees $ 0 $ 818