v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income (loss) $ (26,199) $ (9,187) $ 61,292
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Amortization and depreciation 79,027 66,738 26,703
Impairment losses 2,198 2,000 1,300
Provision for losses on accounts receivable 0 133 87
Amortization (accretion) of investment premiums (discount), net 0 (60) 169
Amortization of inventory step-up 0 25,557 5,641
Amortization of debt issuance costs and discount 1,148 763 0
Stock-based compensation 31,721 32,668 21,765
Deferred income taxes (12,144) (31,767) 101
Loss on disposal of property and equipment 430 168 366
(Gain) loss on sale of available-for-sale securities 0 38 (50)
Change in fair value of contingent consideration 0 0 220
Impairment of lease and leasehold improvements 735 0 388
(Gain) loss on foreign currency (809) 2,153 (216)
Excess tax benefits on stock-based awards (2,028) (8,559) (8,291)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 6,595 (4,377) (8,175)
Inventory 11,696 (1,788) 9,846
Prepaid expenses and other assets 5,833 1,272 402
Accounts payable, accrued expenses and other current liabilities 1,161 (1,918) 3,249
Accrued compensation 8,961 1,567 5,609
Deferred revenue and deferred profit (138) (1,629) 1,925
Accrued price protection liability (5,117) 6,395 (4,850)
Other long-term liabilities (381) (5,103) (164)
Net cash provided by operating activities 102,689 75,064 117,317
Investing Activities      
Purchases of property and equipment (7,825) (7,468) (8,512)
Proceeds from sale of property and equipment 0 30 0
Purchases of intangible assets 0 (5,378) (390)
Cash used in acquisitions, net of cash acquired 0 (473,304) (101,000)
Purchases of available-for-sale securities 0 (30,577) (90,307)
Maturities of available-for-sale securities 0 84,546 98,896
Net cash used in investing activities (7,825) (432,151) (101,313)
Financing Activities      
Net proceeds from the issuance of debt 0 416,846 0
Repayment of debt (93,000) (70,000) 0
Repurchases of common stock 0 (334) (3)
Net proceeds from issuance of common stock 6,839 12,052 6,649
Minimum tax withholding paid on behalf of employees for restricted stock units (7,623) (11,543) (7,316)
Net cash provided by (used in) financing activities (93,784) 347,021 (670)
Effect of exchange rate changes on cash and cash equivalents (1,301) 1,582 (394)
Increase (decrease) in cash, cash equivalents and restricted cash (221) (8,484) 14,940
Cash, cash equivalents and restricted cash at beginning of period 74,412 82,896 67,956
Cash, cash equivalents and restricted cash at end of period 74,191 74,412 82,896
Supplemental disclosures of cash flow information:      
Cash paid for interest 13,957 8,843 0
Cash paid for income taxes 5,426 9,435 1,583
Supplemental disclosures of non-cash investing and financing activities:      
Issuance of accrued share-based bonus plan 6,997 3,314 7,649
Lease incentive for leasehold improvements $ 0 $ 0 $ 61
Issuance of restricted stock units to Physpeed continuing employees 0 818 1,061

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