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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 8,053 $ 3,448
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,213 3,960
Non-cash interest expense 1,107 1,036
Stock-based compensation expense 3,251 2,268
Deferred tax expense 892 449
Other   1
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Accounts receivable (6,692) (1,529)
Royalties and other receivables 112 127
Unbilled receivables 2,602  
Inventories (1,478) (1,188)
Prepaid expenses and other assets 215 (1,608)
Operating lease right of use assets 784  
Accounts payable (570) (1,550)
Accrued expenses (1,855) (3,839)
Increase Decrease in Operating Lease Liability (840)  
Long-term liabilities (6) (3)
Total cash provided by operating activities 9,788 1,572
Cash flows from investing activities:    
Additions to capitalized software costs (1,740)  
Purchases of property, plant and equipment (2,088) (1,564)
Total cash used in investing activities (3,828) (1,564)
Cash flows from financing activities:    
Exercise of stock options 44 344
Repayment of senior convertible notes   (11)
Total cash provided by financing activities 44 333
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,691) (224)
Net increase in cash, cash equivalents and restricted cash 2,313 117
Cash, cash equivalents and restricted cash, beginning of period 193,822 173,759
Cash, cash equivalents and restricted cash, end of period 196,135 173,876
Supplemental disclosure of cash flow information:    
Income taxes paid $ 1,055 937
Supplemental disclosure of non-cash investing and financing activities:    
Non-cash effect of adoption of ASU 2016-16   $ 5,609