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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (8,271) $ (10,910)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation, amortization and accretion 3,990 3,142
Current expected credit losses 18 244
Provision for obsolete inventory 210 1,188
Stock-based compensation 1,320 1,089
Loss on debt extinguishment 0 8,123
Deferred income tax 0 (5,386)
Changes in operating assets and liabilities:    
Accounts receivable 4,267 (1,289)
Inventories (3,850) (5,201)
Other current assets (4,343) (2,764)
Other assets 421 85
Accounts payable 5,658 218
Accrued salaries and benefits (3,916) (1,646)
Accrued expenses 1,332 (283)
Customer deposits and deferred service revenue 143 (1,733)
Other long-term liabilities (413) 0
Net cash used in operating activities (3,434) (15,123)
Cash flows from investing activities:    
Capital expenditures (152) (188)
Capitalization of software costs (1,517) (1,852)
Net cash used in investing activities (1,669) (2,040)
Cash flows from financing activities:    
Payments of long-term debt (163) (154)
Payments for the extinguishment of notes payable 0 (66,250)
Proceeds from notes payable, net of issuance costs 0 115,916
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (2,362) (153)
Proceeds from exercise of stock options 409 30
Net cash (used in) provided by financing activities (2,116) 49,389
Effect of exchange rate changes on cash and cash equivalents (345) (173)
Net (decrease) increase in operating activities (7,564) 32,053
Cash and cash equivalents at beginning of period 180,686 28,036
Cash and equivalents at end of period 173,122 60,089
Supplemental non-cash investing and financing flow information:    
Cash paid for interest 19 953
Income taxes, net of refunds 5 0
Capitalized software recorded in accounts payable 317 0
Capital expenditures in accounts payable $ 122 $ 0