v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income (loss) $ 3,802 $ (15,469)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Amortization and depreciation 22,325 16,733
Impairment losses 0 86
Amortization of debt issuance costs and accretion of discount on debt and leases 844 410
Stock-based compensation 12,955 6,827
Deferred income taxes 541 (6,208)
Loss on disposal of property and equipment 368 0
Impairment of leasehold improvements 226 163
Impairment of leased right-of-use assets 429 44
(Gain) loss on foreign currency 21 (246)
Excess tax (benefits) deficiencies on stock-based awards 1,809 94
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (20,079) 5,615
Inventory 5,658 353
Prepaid expenses and other assets 29,860 1,443
Leased right-of-use assets 36 640
Accounts payable, accrued expenses and other current liabilities (22,032) (785)
Accrued compensation 1,376 3,361
Accrued price protection liability 7,299 (4,537)
Lease liabilities (2,002) (1,430)
Other long-term liabilities 454 (446)
Net cash provided by operating activities 40,272 6,648
Investing Activities    
Purchases of property and equipment (6,152) (1,035)
Purchases of intangible assets (1,112) 0
Payments to Acquire Investments (5,000) 0
Net cash used in investing activities (12,264) (1,035)
Financing Activities    
Repayment of debt (20,000) 0
Net proceeds from issuance of common stock 1,298 488
Minimum tax withholding paid on behalf of employees for restricted stock units (7,442) (475)
Repurchase of common stock (2,673) 0
Net cash provided by (used in) financing activities (28,817) 13
Effect of exchange rate changes on cash and cash equivalents (32) (303)
Increase (decrease) in cash, cash equivalents and restricted cash (841) 5,323
Cash, cash equivalents and restricted cash at beginning of period 150,034 93,117
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 149,193 98,440
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,309 2,246
Cash paid for income taxes 593 557
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 22,710 $ 2,599

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