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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 operating activities:    
Net loss $ (10,910) $ (2,729)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accretion 3,142 1,012
Current expected credit losses 244 107
Provision for obsolete inventory 1,188 588
Stock-based compensation 1,089 248
Loss on debt extinguishment 8,123 0
Deferred income tax (5,386) 0
Changes in operating assets and liabilities:    
Accounts receivable (1,289) (3,199)
Inventories (5,201) (490)
Other current assets (2,764) (1,848)
Other assets 85 (240)
Accounts payable 218 2,150
Accrued salaries and benefits (1,646) (795)
Accrued expenses (283) 110
Customer deposits and deferred service revenue (1,733) 2,089
Other long-term liabilities 0 (213)
Net cash used in operating activities (15,123) (3,210)
Cash flows from investing activities:    
Capital expenditures (188) (887)
Capitalization of software costs (1,852) (1,036)
Net cash used in investing activities (2,040) (1,923)
Cash flows from financing activities:    
Payments of long-term debt (154) 0
Payment of contingent consideration 0 (2,550)
Payments of bank borrowings 0 (16,777)
Proceeds from bank borrowings 0 25,097
Payments for the extinguishment of notes payable (66,250) 0
Proceeds from notes payable, net of issuance costs 115,916 0
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (153) 0
Proceeds from exercise of stock options 30 30
Net cash provided by financing activities 49,389 5,800
Effect of exchange rate changes on cash and cash equivalents (173) (10)
Net increase in cash and cash equivalents 32,053 657
Cash and cash equivalents at beginning of period 28,036 3,485
Cash and equivalents at end of period 60,089 4,142
Cash paid during the period for:    
Interest 953 115
Additions to right-of-use assets and operating lease liabilities $ 0 $ 3,717