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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (55,838) $ (50,160)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 19,625 15,069
Accretion of debt in interest expense 1,485 5,035
Current expected credit losses 739 992
Provision for obsolete inventory 1,773 19
Stock-based compensation 10,257 9,356
Loss on debt extinguishment 0 11,916
Deferred income tax 0 (12,522)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (5,823) 3,189
Inventories (6,678) (12,377)
Other current assets 321 (7,575)
Other assets (3,461) (2,774)
Accounts payable 3,580 7,849
Accrued salaries and benefits 325 (2,605)
Accrued expenses (260) (7,418)
Customer deposits and deferred service revenue (2,924) (1,402)
Customers payable 3,985 0
Other long-term liabilities (685) (211)
Net cash used in operating activities (33,579) (43,619)
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash acquired (18,797) (374,653)
Capital expenditures (812) (928)
Capitalization of software costs (4,719) (5,471)
Purchase of held to maturity investments (40,015) 0
Net cash used in investing activities (64,343) (381,052)
Cash flows from financing activities:    
Principal payments of long-term debt (525) (4,004)
Payments for the extinguishment of notes payable 0 (183,618)
Proceeds from common stock issuance 0 215,000
Payments for common stock issuance costs 0 (6,827)
Proceeds from debt issuance, net of original issue discount 0 441,385
Payments for debt issuance costs 0 (13,998)
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (2,711) (4,477)
Proceeds from exercise of stock options 1,268 819
Net cash (used in) provided by financing activities (1,968) 444,280
Effect of exchange rate changes on cash and cash equivalents 975 (2)
Net (decrease) increase in cash and cash equivalents (98,915) 19,607
Cash and cash equivalents at beginning of period 188,419 180,686
Cash and equivalents at end of period 89,504 200,293
Supplemental disclosures of cash flow information:    
Interest 20 6,337
Income taxes 660 0
Master development agreement with related party 0 813
Capitalized software recorded in accounts payable 36 0
Capital expenditures in accounts payable 37 88
Common stock issued for acquisition 6,300 109,740
Acquisition contingent consideration recorded in Other long-term liabilities 14,200 0
Tax withholding in accrued salaries and benefits related to treasury stock acquired from employees 0 451
Acquisition consideration recorded in accounts payable 0 121
Master development agreement expenditures with related party in accounts payable $ 0 $ 163