Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Operating Activities              
Net loss $ (4,351) $ 9,533 $ 31,966 $ 33,586 $ 5,182 $ 65,552  
Adjustments to reconcile net income to cash provided by operating activities:              
Amortization and depreciation         37,909 43,449  
Impairment losses 0   0   2,438 0  
Amortization of debt issuance costs and accretion of discounts         1,173 957  
Stock-based compensation         33,645 38,023  
Deferred income taxes         8,886 7,359  
Loss on disposal of property and equipment         2,041 164  
Unrealized holding gain on investments         (1,959) (3,859)  
Impairment of leased right-of-use assets         0 462  
(Gain) loss on foreign currency         153 (2,675)  
Excess tax benefits on stock-based awards         (1,298) (9,429)  
Changes in operating assets and liabilities:              
Accounts receivable         16,167 (16,969)  
Inventory         34,392 (14,728)  
Prepaid expenses and other assets         (5,652) 1,828  
Accounts payable, accrued expenses and other current liabilities         (27,264) 62,621  
Accrued compensation         3,862 21,355  
Accrued price protection liability         (33,041) 70,797  
Lease liabilities         (6,009) (5,511)  
Other long-term liabilities         2,112 (1,793)  
Net cash provided by operating activities         72,737 257,603  
Investing Activities              
Purchases of property and equipment         (10,253) (15,506)  
Purchases of intangible assets         (5,524) (5,204)  
Cash used in acquisitions, net of cash acquired         (12,384) 0  
Proceeds loaned under notes receivable         0 (10,000)  
Purchases of investments         0 (28,325)  
Net cash used in investing activities         (28,161) (59,035)  
Financing Activities              
Repayment of debt         0 (60,000)  
Net proceeds from issuance of common stock         3,076 3,133  
Minimum tax withholding paid on behalf of employees for restricted stock units         (9,138) (28,147)  
Repurchase of common stock         0 (31,511)  
Net cash used in financing activities         (6,062) (116,525)  
Effect of exchange rate changes on cash and cash equivalents         (1,228) (1,362)  
Increase in cash, cash equivalents and restricted cash         37,286 80,681  
Cash, cash equivalents and restricted cash at beginning of period   $ 188,357   $ 131,738 188,357 131,738 $ 131,738
Cash, cash equivalents and restricted cash at end of period $ 225,643   $ 212,419   225,643 212,419 $ 188,357
Supplemental disclosures of cash flow information:              
Cash paid for interest         4,503 4,277  
Cash paid for income taxes         14,784 9,470  
Supplemental disclosures of non-cash activities:              
Issuance of shares for payment of bonuses         $ 38,225 $ 38,373