v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income (loss) $ (73,921) $ (11,794)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Amortization and depreciation 53,819 49,928
Impairment losses 86 0
Amortization of Inventory Step-up 14,445 0
Amortization of debt issuance costs and accretion of discount on debt and leases 1,386 1,173
Stock-based compensation 33,057 24,313
Deferred income taxes (5,253) (12,455)
Loss on disposal of property and equipment 0 46
Impairment of leasehold improvements 319 1,442
Impairment of leased right-of-use assets 1,508 2,182
Gain on extinguishment of lease liabilities 0 (2,880)
Loss on foreign currency 375 330
Excess tax benefits on stock-based awards (530) (3,872)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (54,592) 3,160
Inventory (20,180) 3,971
Prepaid expenses and other assets (34,357) 916
Leased right-of-use assets (405) (2,935)
Accounts payable, accrued expenses and other current liabilities 67,193 (1,431)
Accrued compensation 23,121 1,414
Accrued price protection liability 5,439 (2,869)
Lease liabilities (4,275) (6,487)
Other long-term liabilities (8,721) 219
Net cash provided by (used in) operating activities (676) 50,241
Investing Activities    
Purchases of property and equipment (10,132) (3,898)
Purchase of intangibles (388) (86)
Payments to Acquire Businesses, Gross (160,000) 0
Net cash used in investing activities (170,520) (3,984)
Financing Activities    
Proceeds from the issuance of debt 175,000 0
Payment of debt issuance cost (2,696) 0
Repayment of debt 0 (50,000)
Net proceeds from issuance of common stock (5,270) 6,221
Minimum tax withholding paid on behalf of employees for restricted stock units (2,892) (11,166)
Net cash provided by (used in) financing activities 174,682 (54,945)
Effect of exchange rate changes on cash and cash equivalents 139 1,021
Increase (decrease) in cash, cash equivalents and restricted cash 3,625 (7,667)
Cash, cash equivalents and restricted cash at beginning of period 93,117 74,191
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 96,742 66,524
Supplemental disclosures of cash flow information:    
Cash paid for interest 7,067 8,901
Cash paid for income taxes 2,003 3,060
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 2,857 $ 7,549

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