v3.19.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income (loss) $ (11,794) $ (26,510)
Adjustments to reconcile net loss to cash provided by operating activities:    
Amortization and depreciation 49,928 59,902
Impairment losses 0 2,198
Amortization of debt issuance costs and accretion of discount on debt and leases 1,173 861
Stock-based compensation 24,313 23,722
Deferred income taxes (12,455) (3,317)
Loss on disposal of property and equipment 46 0
Impairment of leasehold improvements 1,442 700
Impairment of long-lived assets 2,182 0
Gain on extinguishment of lease liabilities (2,880) 0
(Gain) loss on foreign currency 330 (541)
Excess tax benefits on stock-based awards (3,872) (1,208)
Changes in operating assets and liabilities:    
Accounts receivable 3,160 7,462
Inventory 3,971 11,677
Prepaid expenses and other assets 916 3,928
Leased right-of-use assets 2,935 0
Accounts payable, accrued expenses and other current liabilities (1,431) 513
Accrued compensation 1,414 6,574
Deferred revenue and deferred profit 0 (138)
Accrued price protection liability (2,869) (7,153)
Lease liabilities (6,487) 0
Other long-term liabilities 219 (154)
Net cash provided by operating activities 50,241 78,516
Investing Activities    
Purchases of property and equipment (3,898) (6,413)
Purchase of intangibles (86) 0
Net cash used in investing activities (3,984) (6,413)
Financing Activities    
Repayment of debt (50,000) (78,000)
Net proceeds from issuance of common stock 6,221 4,107
Minimum tax withholding paid on behalf of employees for restricted stock units (11,166) (5,017)
Net cash used in financing activities (54,945) (78,910)
Effect of exchange rate changes on cash and cash equivalents 1,021 638
Decrease in cash, cash equivalents and restricted cash (7,667) (6,169)
Cash, cash equivalents and restricted cash at beginning of period 74,191 74,412
Cash, cash equivalents and restricted cash at end of period 66,524 68,243
Supplemental disclosures of cash flow information:    
Cash paid for interest 8,901 10,716
Cash paid for income taxes 3,060 4,493
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 7,549 $ 6,997

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