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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 25,676 $ 16,148
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,869 9,053
Non-cash interest expense 5,415 2,231
Stock-based compensation expense 8,267 6,283
Deferred income taxes, net (1,912) 889
Other 143 3
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Accounts receivable (6,013) (7,317)
Royalties and other receivables 184 114
Unbilled receivables   2,142
Inventories (14,964) (4,137)
Prepaid expenses and other assets (1,633) 114
Operating lease right of use assets 1,844 1,206
Other assets (76) (65)
Accounts payable 2,884 495
Accrued expenses (7,012) 1,642
Operating lease liability (304) (1,216)
Long-term liabilities 897 (8)
Total cash provided by operating activities 26,265 27,577
Cash flows from investing activities:    
Acquisition of C Technologies, Inc., net of cash acquired   (182,176)
Additions to capitalized software costs (2,226) (3,282)
Purchases of property, plant and equipment (7,291) (5,847)
Total cash used in investing activities (9,517) (191,305)
Cash flows from financing activities:    
Exercise of stock options and vesting of stock units 5,412 566
Payment of tax withholding obligation on vesting of restricted stock (10)  
Proceeds from issuance of common stock, net   189,623
Repayment of senior convertible notes   (17)
Total cash provided by financing activities 5,402 190,172
Effect of exchange rate changes on cash, cash equivalents and restricted cash 807 (2,449)
Net increase in cash, cash equivalents and restricted cash 22,957 23,995
Cash, cash equivalents and restricted cash, beginning of period 537,407 193,822
Cash, cash equivalents and restricted cash, end of period 560,364 217,817
Supplemental disclosure of non-cash investing and financing activities:    
Assets acquired under operating leases $ 17  
Fair value of common stock issued for acquisition of C Technologies, Inc.   $ 53,938