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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 1,910 $ 45,096 $ 32,909
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation 5,965 4,848 3,990
Amortization of intangibles 10,445 1,534 1,940
Share-based compensation 10,585 6,062 5,670
Acquired inventory step-up amortization 15,370    
Provision for doubtful accounts and inventory valuation 11,202 3,335 3,608
Deferred income taxes (4,116) 2,163 17,207
Other, net 2,098 1,265 590
Change in operating assets and liabilities net of assets acquired and liabilities assumed in merger:      
Accounts receivable (9,721) 706 430
Income taxes 7,648 1,056 (4,727)
Inventories (9,338) (31,545) (4,218)
Prepaid expenses and other assets (5,079) (3,101) (1,686)
Accounts payable (12,138) 3,512 3,198
Accrued and other liabilities (6,685) 163 5,260
Net cash and cash equivalents provided by operating activities 18,146 35,094 64,171
Cash flows from investing activities:      
Purchases of marketable securities (127,462) (140,018) (164,661)
Proceeds from sales of marketable securities 94,486 186,332 143,349
Purchases of property, plant and equipment (6,802) (7,542) (10,210)
Cash acquired from merger 43,882    
Cash advance on convertible note receivable   (5,000)  
Purchase of intangible assets     (1,000)
Net cash and cash equivalents provided by (used in) investing activities 4,104 33,772 (32,522)
Cash flows from financing activities:      
Redemption of stock warrants     (1,025)
Purchases of common stock (744) (21,069)  
Tax payments related to shares withheld for share-based compensation plans (2,540) (1,921) (1,358)
Payment of contingent consideration for acquired business (1,758) (1,543) (792)
Issuance of shares through share-based compensation plans 844 624 623
Net cash and cash equivalents used in financing activities (4,198) (23,909) (2,552)
Effect of exchange rate changes on cash and cash equivalents 233 (339) 814
Net increase in cash and cash equivalents 18,285 44,618 29,911
Cash and cash equivalents at beginning of year 112,388 67,770 37,859
Cash and cash equivalents at end of year 130,673 112,388 67,770
Supplemental disclosure of cash flow information:      
Income taxes paid (received), net $ (3,848) $ 4,301 14,605
Litigation settlement received     $ 13,000