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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 14,550 $ 8,571
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses on accounts receivable 32 1,885
Reserve for product returns 574 291
Recovery of credit losses on notes receivable (11) (349)
Amortization on patents and tooling 288 199
Amortization and depreciation 7,385 6,422
Amortization of debt discount and debt issuance costs 3,250 27
Amortization of operating leases 2,338 2,045
Deferred income taxes (3,178) 1,327
Change in fair value of contingent liability 0 (568)
Stock-based compensation 7,888 6,358
Acquired in-process research and development 0 3,297
Loss on early extinguishment of debt 185 0
Changes in operating assets and liabilities:    
Accounts receivable (5,685) (8,064)
Inventory (2,947) (2,673)
Other current and non-current assets (1,734) (6,108)
Accounts payable, accrued expenses and other current liabilities (220) 83
Deferred revenue 1,127 1,604
Operating lease liabilities (2,772) (2,259)
Other liabilities 162 812
Cash flows from operating activities 21,232 12,900
Cash flows used in investing activities:    
Additions to property and equipment (4,069) (3,719)
Purchases of in-process research and development 0 (3,297)
Receipt of payments on notes receivable 2 3
Purchase of investment in unconsolidated entity (5,000) 0
Cash flows used in investing activities (9,067) (7,013)
Cash flows from financing activities:    
Proceeds from credit facility 0 50,000
Repayments of credit facility (110,000) 0
Proceeds from issuance of convertible senior notes 500,000 0
Payments of debt issuance costs (15,291) 0
Payments of deferred consideration for business acquisitions (150) 0
Purchases of treasury stock 0 (5,149)
Issuances of common stock from equity-based plans 1,989 1,365
Cash flows from financing activities 376,548 46,216
Net increase in cash and cash equivalents 388,713 52,103
Cash and cash equivalents at beginning of the period 253,459 119,629
Cash and cash equivalents at end of the period $ 642,172 $ 171,732