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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 11,681 $ 9,345 $ 8,170
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,334 4,594 4,020
Non-cash interest expense 2,274    
Stock-based compensation expense 4,595 3,598 1,766
Deferred tax expense (benefit) (4,092) (118) 295
Loss on revaluation of contingent consideration 3,242 4,083 2,072
Gain on sale of fixed assets (15)    
Loss on disposal of assets 7 1 35
Changes in assets and liabilities:      
Accounts receivable (3,222) (3,729) (1,597)
Royalties and other receivables (652) 158 6,557
Inventories (6,163) (6,149) (860)
Prepaid expenses and other current assets 612 (277) (820)
Accounts payable (1,802) 3,024 2,288
Accrued liabilities (4,038) (1,592) (2,489)
Long-term liabilities (240) 2,115 (1,036)
Net cash provided by operating activities 7,521 15,053 18,401
Cash flows from investing activities:      
Purchases of marketable securities (23,700) (20,168) (27,508)
Redemptions of marketable securities 23,400 27,587 34,804
Acquisition of assets of Refine Technology, LLC     (21,236)
Increase of restricted cash     (250)
Proceeds from sale of fixed assets 45    
Purchases of property, plant and equipment (4,325) (2,628) (5,602)
Net cash provided by (used in) investing activities (49,194) 4,791 (19,792)
Cash flows from financing activities:      
Proceeds from issuance of senior convertible notes, net of issuance costs 111,070    
Exercise of stock options 1,841 866 1,680
Payments of contingent consideration (798) (99)  
Net cash provided by financing activities 112,113 767 1,680
Effect of exchange rate changes on cash and cash equivalents (2,299) (1,882) (4,756)
Net increase (decrease) in cash and cash equivalents 68,141 18,729 (4,467)
Cash and cash equivalents, beginning of period 54,092 35,363 39,830
Cash and cash equivalents, end of period 122,233 54,092 35,363
Supplemental information:      
Income taxes paid 3,993 $ 4,948 $ 2,547
Payment of contingent consideration in common stock 875    
Common stock tendered for acquisition of Atoll GmbH 14,135    
Atoll GmbH      
Cash flows from investing activities:      
Acquisition of assets, net of cash acquired (8,767)    
TangenX Technology Corporation      
Cash flows from investing activities:      
Acquisition of assets, net of cash acquired $ (35,847)