Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income (loss) $ (15,469) $ (4,851)
Adjustments to reconcile net loss to cash provided by operating activities:    
Amortization and depreciation 16,733 16,863
Impairment losses 86 0
Amortization of debt issuance costs and accretion of discount on debt and leases 410 402
Stock-based compensation 6,827 7,747
Deferred income taxes (6,208) (6,476)
Loss on disposal of property and equipment 0 35
Impairment of leasehold improvements 163 1,442
Impairment of leased right-of-use assets 44 2,182
Gain on extinguishment of lease liabilities 0 (2,880)
(Gain) loss on foreign currency (246) 567
Excess tax deficiencies (benefits) on stock-based awards 94 (1,737)
Changes in operating assets and liabilities:    
Accounts receivable 5,615 (142)
Inventory 353 (1,015)
Prepaid expenses and other assets 1,443 604
Leased right-of-use assets (640) (645)
Accounts payable, accrued expenses and other current liabilities (785) 1,921
Accrued compensation 3,361 893
Accrued price protection liability (4,537) 2,489
Lease liabilities (1,430) (2,125)
Other long-term liabilities (446) (519)
Net cash provided by operating activities 6,648 16,045
Investing Activities    
Purchases of property and equipment (1,035) (2,155)
Net cash used in investing activities (1,035) (2,155)
Financing Activities    
Repayment of debt 0 (15,000)
Net proceeds from issuance of common stock 488 2,628
Minimum tax withholding paid on behalf of employees for restricted stock units (475) (4,419)
Net cash provided by (used in) financing activities 13 (16,791)
Effect of exchange rate changes on cash and cash equivalents (303) 577
Increase (decrease) in cash, cash equivalents and restricted cash 5,323 (2,324)
Cash, cash equivalents and restricted cash at beginning of period 93,117 74,191
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 98,440 71,867
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,246 3,099
Cash paid for income taxes 557 872
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 2,599 $ 7,406