XML 61 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net cash flows from operating activities:      
Net income (loss) $ 1,720 $ (2,840) $ 3,704
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 18,317 18,095 9,745
Non-cash compensation 8,799 6,325 6,919
Non-cash lease expense 5,009    
Write-down of inventories and deferred preservation costs 1,488 649 2,110
Deferred income taxes (2,305) (4,485) (1,483)
Other 2,182 2,149 676
Changes in operating assets and liabilities:      
Receivables (5,332) (1,119) (7,258)
Inventories and deferred preservation costs (8,125) 2,384 (9,369)
Prepaid expenses and other assets (6,177) (2,407) (2,968)
Accounts payable, accrued expenses, and other liabilities 251 (8,870) 8,727
Net cash flows provided by operating activities 15,827 9,881 10,803
Net cash flows used in investing activities:      
Payments for Endospan Agreements (15,000)    
Capital expenditures (8,072) (5,786) (6,632)
Acquisition of JOTEC, net of cash acquired     (164,661)
Acquisition of PhotoFix technology     (409)
Proceeds from sale of business components     740
Other (871) (929) (86)
Net cash flows used in investing activities (23,943) (6,715) (171,048)
Net cash flows from financing activities:      
Repayment of term loan (2,780) (2,790) (4,994)
Payment of debt issuance costs   (624) (10,144)
Proceeds from issuance of term loan     225,000
Payoff of debt agreement     (67,219)
Proceeds from exercise of stock options and issuance of common stock 4,758 3,854 3,126
Redemption and repurchase of stock to cover tax withholdings (2,743) (2,100) (1,614)
Other (728) (902) (910)
Net cash flows (used in) provided by financing activities (1,493) (2,562) 143,245
Effect of exchange rate changes on cash 1,667 879 412
(Decrease) increase in cash, cash equivalents, and restricted securities (7,942) 1,483 (16,588)
Cash, cash equivalents, and restricted securities, beginning of year 42,236 40,753 57,341
Cash, cash equivalents, and restricted securities, end of year $ 34,294 $ 42,236 $ 40,753