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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from / (used in) operating activities:    
Net income $ 8,571 $ 9,010
Adjustments to reconcile net income to net cash from / (used in) operating activities:    
Provision for credit losses on accounts receivable 1,885 260
Reserve for product returns 291 (120)
Provision for credit losses on notes receivable (349) 0
Amortization on patents and tooling 199 167
Amortization and depreciation 6,422 5,228
Amortization of debt issuance costs 27 27
Amortization of operating leases 2,045 1,803
Deferred income taxes 1,327 135
Change in fair value of contingent liability (568) 0
Stock-based compensation 6,358 4,266
Acquired in-process research and development 3,297 0
Changes in operating assets and liabilities:    
Accounts receivable (8,064) (6,753)
Inventory (2,673) (2,724)
Other current and non-current assets (6,108) (909)
Accounts payable, accrued expenses and other current liabilities 83 (9,987)
Deferred revenue 1,604 360
Operating lease liabilities (2,259) (1,908)
Other liabilities 812 (42)
Cash flows from / (used in) operating activities 12,900 (1,187)
Cash flows used in investing activities:    
Additions to property and equipment (3,719) (2,962)
Purchases of in-process research and development (3,297) 0
Issuances or purchases of notes receivable 0 (20,061)
Receipt of payment on notes receivable 3 0
Cash flows used in investing activities (7,013) (23,023)
Cash flows from financing activities:    
Proceeds from credit facility 50,000 0
Repayments of credit facility 0 (1,000)
Purchases of treasury stock (5,149) 0
Issuances of common stock from equity-based plans 1,365 1,591
Cash flows from financing activities 46,216 591
Net increase / (decrease) in cash and cash equivalents 52,103 (23,619)
Cash and cash equivalents at beginning of the period 119,629 146,061
Cash and cash equivalents at end of the period $ 171,732 $ 122,442