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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (23,597) $ (9,740)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accretion 10,152 4,993
Current expected credit losses 912 693
Provision for obsolete inventory 2,158 1,240
Stock-based compensation 3,217 1,838
Loss on debt extinguishment 8,123 0
Adjustment to contingent consideration liability (2,310) 0
Deferred income tax (4,372) (4,065)
Changes in operating assets and liabilities:    
Accounts receivable 756 (3,318)
Inventories (9,945) 1,466
Other current assets 989 (1,934)
Other assets 597 158
Accounts payable (655) (3,715)
Accrued salaries and benefits 2,794 1,479
Accrued expenses (627) 2,936
Customer deposits and deferred service revenue (3,287) 1,107
Other long-term liabilities 706 (2,758)
Net cash used in operating activities (14,389) (9,620)
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 (7,000)
Settlement of working capital for acquisitions 191 0
Capital expenditures (692) (2,352)
Capitalization of software costs (6,369) (2,283)
Net cash used in investing activities (6,870) (11,635)
Cash flows from financing activities:    
Payments of long-term debt (471) 0
Payment of contingent consideration 0 (2,550)
Payments of bank borrowings 0 (17,459)
Proceeds from bank borrowings 0 9,640
Payments for the extinguishment of notes payable (66,250) 0
Proceeds from notes payable, net of issuance costs 115,786 75,039
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (829) 0
Proceeds from exercise of stock options 436 283
Net cash provided by financing activities 48,672 64,953
Effect of exchange rate changes on cash and cash equivalents 306 (236)
Net increase in cash and cash equivalents 27,719 43,462
Cash and cash equivalents at beginning of period 28,036 3,485
Cash and equivalents at end of period 55,755 46,947
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,339 153
Income taxes, net of refunds 184 125
Capital expenditures recorded in accounts payable 295 0
Capitalized software recorded in accounts payable $ 347 $ 0