Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income (loss) $ (4,851) $ 1,847
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Amortization and depreciation 16,863 20,084
Amortization of debt issuance costs and accretion of discount on debt and leases 402 287
Stock-based compensation 7,747 8,473
Deferred income taxes (6,476) (2,332)
Loss on disposal of property and equipment 35 0
Impairment of leasehold improvements 1,442 0
Impairment of long-lived assets 2,182 0
Gain on extinguishment of lease liabilities (2,880) 0
Loss on foreign currency 567 471
Excess tax benefits on stock-based awards (1,737) (797)
Changes in operating assets and liabilities:    
Accounts receivable (142) (24,533)
Inventory (1,015) 7,676
Prepaid expenses and other assets 604 1,003
Leased right-of-use assets 645 0
Accounts payable, accrued expenses and other current liabilities 1,921 (421)
Accrued compensation 893 2,502
Deferred revenue and deferred profit 0 (138)
Accrued price protection liability 2,489 (1,359)
Lease liabilities (2,125) 0
Other long-term liabilities (519) (792)
Net cash provided by operating activities 16,045 11,971
Investing Activities    
Purchases of property and equipment (2,155) (2,381)
Net cash used in investing activities (2,155) (2,381)
Financing Activities    
Repayment of debt (15,000) (25,000)
Net proceeds from issuance of common stock 2,628 980
Minimum tax withholding paid on behalf of employees for restricted stock units (4,419) (2,391)
Net cash used in financing activities (16,791) (26,411)
Effect of exchange rate changes on cash and cash equivalents 577 (258)
Decrease in cash, cash equivalents and restricted cash (2,324) (17,079)
Cash, cash equivalents and restricted cash at beginning of period 74,191 74,412
Cash, cash equivalents and restricted cash at end of period 71,867 57,333
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,099 3,546
Cash paid for income taxes 872 203
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 7,406 $ 6,997