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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ 29,446 $ 6,220 $ (4,112)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation 1,799 1,197 637
Loss on fixed asset disposal 0 0 37
Amortization of intangible assets 933 928 1,054
Impairment of intangible assets 0 0 368
Amortization of debt discount and deferred financing costs 42 0 1,328
Share-based compensation 16,896 11,453 6,010
Change in deferred income taxes (7,081) 0 0
Increase (decrease) in cash resulting from changes in:      
Accounts receivable (27,083) (10,579) (8,439)
Inventory (2,327) (1,252) (858)
Prepaid expenses and other assets (2,094) (203) (637)
Accounts payable 3,136 1,287 1,209
Accrued compensation 3,511 5,935 2,836
Accrued expenses 2,140 1,098 353
Accrued interest 0 0 (42)
Other liabilities (511) 718 (28)
Net cash flows from operating activities 18,807 16,802 (284)
Cash flows from investing activities:      
Purchases of equipment (5,827) (2,558) (2,337)
Maturity (purchases) of fixed maturity securities 6,000 (9,000) 0
Patent application costs (851) (594) (689)
Net cash flows from investing activities (678) (12,152) (3,026)
Cash flows from financing activities:      
Proceeds from exercise of stock options 4,629 2,470 1,981
Proceeds from exercise of warrants 46 1,113 2,108
Proceeds from public offering, net of expenses 0 0 36,602
Deferred financing costs (504) 0 0
Stock repurchase (40,279) (5,612) 0
Principal payments of equipment leases (117) (117) (57)
Net cash flows from financing activities (36,225) (2,146) 40,634
Net change in cash (18,096) 2,504 37,324
Cash and cash equivalents, beginning of period 46,582 44,078 6,754
Cash and cash equivalents, end of period $ 28,486 $ 46,582 $ 44,078