Annual report pursuant to Section 13 and 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.6.0.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income (loss) $ 61,292 $ (42,331) $ (7,041)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Amortization and depreciation 26,703 40,641 5,107
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 1,300 21,600 0
Provision for Doubtful Accounts 87 178 0
Amortization of investment premiums, net 169 554 724
Amortization of inventory step-up 5,641 14,244 0
Stock-based compensation 21,765 19,268 15,008
Deferred income taxes 101 (1,906) (2,281)
Gain (Loss) on Disposition of Property Plant Equipment 366 74 0
Gain (Loss) on Sale of Investments (50) (21) (3)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 220 130 0
Impairment of Long-Lived Assets Held-for-use 0 153 29
Impairment of Leasehold 388 8,163 0
Foreign Currency Transaction Gain (Loss), before Tax (216) 0 0
Excess Tax Benefit from Share-based Compensation, Operating Activities (8,291) 0 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (8,175) 5,160 1,982
Inventory 9,846 (6,247) (757)
Prepaid expenses and other assets 402 4,495 (752)
Accounts payable, accrued expenses and other current liabilities 3,249 (22,033) 83
Accrued compensation 5,609 5,320 3,911
Deferred revenue and deferred profit 1,925 454 961
Accrued price protection liability (4,850) 6,522 (4,999)
Other long-term liabilities (164) 623 262
Net cash provided by operating activities 117,317 55,041 12,234
Investing Activities      
Purchases of property and equipment (8,512) (2,996) (8,800)
Payments to Acquire Intangible Assets (390) (100) 0
Cash used in acquisition, net of cash acquired (101,000) (3,615) (9,136)
Purchases of available-for-sale securities (90,307) (73,377) (56,702)
Maturities of available-for-sale securities 98,896 69,029 57,172
Net cash used in investing activities (101,313) (11,059) (17,466)
Financing Activities      
Payments for Repurchase of Common Stock (3) (101) 0
Proceeds from Issuance of Common Stock 6,649 9,950 3,304
Payments Related to Tax Withholding for Share-based Compensation (7,316) (5,141) (3,810)
Payments of Stock Issuance Costs 0 (705) 0
Net cash provided by (used in) financing activities (670) 4,003 (506)
Effect of exchange rate changes on cash and cash equivalents (394) (725) (16)
Increase (decrease) in cash and cash equivalents 14,940 47,260 (5,754)
Cash and cash equivalents at beginning of period 67,956 20,696 26,450
Cash and cash equivalents at end of period 82,896 67,956 20,696
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 1,583 41 187
Supplemental disclosures of non-cash investing and financing activities:      
Issuance of accrued share-based bonus plan 7,649 5,459 5,050
Lease Incentive for Leasehold Improvements $ 61 $ 4,255 $ 2,008
Stock Issued During Period, Shares, Restricted Stock Award, Gross 1,061 0 0