Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income (loss) $ (37,276) $ (7,080)
Adjustments to reconcile net loss to cash provided by operating activities:    
Amortization and depreciation 33,265 33,509
Impairment losses 86 0
Amortization of debt issuance costs and accretion of discount on debt and leases 807 793
Stock-based compensation 18,912 15,954
Deferred income taxes (9,087) (11,076)
Loss on disposal of property and equipment 0 46
Impairment of leasehold improvements 163 1,442
Impairment of leased right-of-use assets 44 2,182
Gain on extinguishment of lease liabilities 0 (2,880)
(Gain) loss on foreign currency (226) 513
Excess tax benefits on stock-based awards (378) (3,811)
Changes in operating assets and liabilities:    
Accounts receivable 8,977 2,880
Inventory (2,831) (1,137)
Prepaid expenses and other assets 774 (44)
Leased right-of-use assets (326) (1,626)
Accounts payable, accrued expenses and other current liabilities 5,235 4,882
Accrued compensation 7,757 684
Accrued price protection liability (6,669) (5,160)
Lease liabilities (2,709) (4,304)
Other long-term liabilities (1,262) (530)
Net cash provided by operating activities 15,908 28,489
Investing Activities    
Purchases of property and equipment (4,936) (2,679)
Purchase of intangibles (13) 0
Net cash used in investing activities (4,949) (2,679)
Financing Activities    
Repayment of debt 0 (30,000)
Net proceeds from issuance of common stock 4,642 5,933
Minimum tax withholding paid on behalf of employees for restricted stock units (1,499) (9,827)
Net cash provided by (used in) financing activities 3,143 (33,894)
Effect of exchange rate changes on cash and cash equivalents 210 931
Increase (decrease) in cash, cash equivalents and restricted cash 14,312 (7,153)
Cash, cash equivalents and restricted cash at beginning of period 93,117 74,191
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 107,429 67,038
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,999 6,184
Cash paid for income taxes 1,220 2,217
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 2,599 $ 7,406