Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.7.0.1
Consolidated Statement of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Statement of Cash Flows [Abstract]    
Cash, cash equivalents and restricted cash $ 90,091,000 $ 147,582,000
Interest Paid 1,277,000 0
Net income (loss) 19,428,000 43,265,000
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization and depreciation 25,160,000 9,935,000
Impairment of IPR&D assets 0  
Provision for losses on accounts receivable 87,000 0
Amortization (accretion) of investment premiums (discount), net (60,000) 83,000
Amortization of inventory step-up 5,635,000 336,000
Amortization of Debt Issuance Costs 175,000 0
Stock-based compensation 17,102,000 10,211,000
Deferred income taxes (53,142,000) 133,000
(Gain) loss on disposal of property and equipment (85,000) 48,000
(Gain) loss on sale of available-for-sale securities 38,000 (50,000)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 0 110,000
(Gain) loss on foreign currency 682,000 (46,000)
Excess tax benefits on stock-based awards (3,290,000) (5,114,000)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (20,932,000) (1,941,000)
Inventory (7,391,000) 7,418,000
Prepaid expenses and other assets 5,210,000 (805,000)
Accounts payable, accrued expenses and other current liabilities 15,562,000 4,967,000
Accrued compensation (1,282,000) 3,540,000
Deferred revenue and deferred profit 7,326,000 1,732,000
Accrued price protection liability 9,447,000 (1,756,000)
Other long-term liabilities (4,088,000) (767,000)
Net cash provided by operating activities 15,582,000 71,299,000
Investing Activities    
Purchases of property and equipment (1,898,000) (4,710,000)
Purchases of intangible assets (5,325,000) (390,000)
Cash used in acquisitions, net of cash acquired (473,304,000) (21,000,000)
Purchases of available-for-sale securities (30,577,000) (47,277,000)
Maturities of available-for-sale securities 84,546,000 81,011,000
Net cash provided by (used in) investing activities (426,558,000) 7,634,000
Financing Activities    
Repurchases of common stock (334,000) (3,000)
Net proceeds from issuance of common stock 8,018,000 4,285,000
Minimum tax withholding paid on behalf of employees for restricted stock units (8,399,000) (3,593,000)
Proceeds from Issuance of Secured Debt 416,846,000 0
Net cash provided by financing activities 416,131,000 689,000
Effect of exchange rate changes on cash and cash equivalents 2,040,000 4,000
Increase in cash, cash equivalents and restricted cash 7,195,000 79,626,000
Cash, cash equivalents and restricted cash at beginning of period 81,086,000 67,956,000
Cash, cash equivalents and restricted cash at end of period 87,568,000  
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 4,452,000 1,263,000
Issuance of restricted stock units to Physpeed continuing employees 818,000 578,000
Issuance of accrued share-based bonus plan $ 3,314,000 $ 3,652,000