v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income (loss) $ (7,080) $ (12,575)
Adjustments to reconcile net loss to cash provided by operating activities:    
Amortization and depreciation 33,509 40,135
Amortization of debt issuance costs and accretion of discount on debt and leases 793 574
Stock-based compensation 15,954 15,782
Deferred income taxes (11,076) (3,621)
Loss on disposal of property and equipment 46 0
Impairment of leasehold improvements 1,400 700
Impairment of long-lived assets 2,200 0
Gain on extinguishment of lease liabilities (2,900) 0
(Gain) loss on foreign currency 513 (357)
Excess tax benefits on stock-based awards (3,811) (1,115)
Changes in operating assets and liabilities:    
Accounts receivable 2,880 (17,554)
Inventory (1,137) 9,096
Prepaid expenses and other assets (44) 3,216
Leased right-of-use assets 1,626 0
Accounts payable, accrued expenses and other current liabilities 4,882 11,119
Accrued compensation 684 3,903
Deferred revenue and deferred profit 0 (138)
Accrued price protection liability (5,160) (1,491)
Lease liabilities (4,304) 0
Other long-term liabilities (530) 121
Net cash provided by operating activities 28,489 47,795
Investing Activities    
Purchases of property and equipment (2,679) (4,804)
Net cash used in investing activities (2,679) (4,804)
Financing Activities    
Repayment of debt (30,000) (43,000)
Net proceeds from issuance of common stock 5,933 4,016
Minimum tax withholding paid on behalf of employees for restricted stock units (9,827) (3,839)
Net cash used in financing activities (33,894) (42,823)
Effect of exchange rate changes on cash and cash equivalents 931 535
Increase (decrease) in cash, cash equivalents and restricted cash (7,153) 703
Cash, cash equivalents and restricted cash at beginning of period 74,191 74,412
Cash, cash equivalents and restricted cash at end of period 67,038 75,115
Supplemental disclosures of cash flow information:    
Cash paid for interest 6,184 7,145
Cash paid for income taxes 2,217 1,093
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 7,406 $ 6,997

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