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
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income (loss) $ (72,309) $ 9,533
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Amortization and depreciation 16,684 19,202
Impairment losses 0 2,438
Amortization of debt issuance costs and accretion of discounts 688 548
Stock-based compensation 17,061 16,448
Deferred income taxes (2,685) 8,128
Loss on disposal of property and equipment 390 40
Unrealized holding gain on investments 0 (152)
Impairment of leased right-of-use assets 2,038 0
Gain on extinguishment of lease liabilities (569) 0
Loss on settlement of pension 0 362
Gain on foreign currency (968) 0
Excess tax (benefits) deficiencies on stock-based awards 1,367 (507)
Changes in operating assets and liabilities:    
Accounts receivable 44,389 (16,931)
Inventory 3,783 10,959
Prepaid expenses and other assets (2,044) (4,338)
Accounts payable, accrued expenses and other current liabilities 9,275 (886)
Accrued compensation 8,707 7,210
Accrued price protection liability (6,451) (9,877)
Lease liabilities (2,505) (3,095)
Other long-term liabilities (881) 3,077
Net cash provided by operating activities 15,970 42,159
Investing Activities    
Purchases of property and equipment (8,342) (5,216)
Purchases of intangible assets (368) (630)
Cash used in acquisitions, net of cash acquired 0 (9,665)
Net cash used in investing activities (8,710) (15,511)
Financing Activities    
Net proceeds from issuance of common stock 0 3
Minimum tax withholding paid on behalf of employees for restricted stock units (2,103) (6,173)
Net cash used in financing activities (2,103) (6,170)
Effect of exchange rate changes on cash and cash equivalents (583) 1
Increase in cash, cash equivalents and restricted cash 4,574 20,479
Cash, cash equivalents and restricted cash at beginning of period 188,356 188,357
Cash, cash equivalents and restricted cash at end of period 192,930 208,836
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,478 2,163
Cash paid for income taxes 1,364 3,336
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 10,880 $ 38,096