XML 37 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating activities:    
Net income $ 14,814us-gaap_NetIncomeLoss $ 3,729us-gaap_NetIncomeLoss
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,796us-gaap_DepreciationAndAmortization 1,863us-gaap_DepreciationAndAmortization
Bad debt expense 43us-gaap_ProvisionForDoubtfulAccounts 11us-gaap_ProvisionForDoubtfulAccounts
Stock-based compensation 12,696us-gaap_ShareBasedCompensation 8,367us-gaap_ShareBasedCompensation
Write-down of inventory 1,135us-gaap_InventoryWriteDown 641us-gaap_InventoryWriteDown
Deferred tax provision 675us-gaap_DeferredIncomeTaxExpenseBenefit 679us-gaap_DeferredIncomeTaxExpenseBenefit
Change in fair value of contingent consideration 365us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1  
Unrealized losses on investments 18us-gaap_UnrealizedGainLossOnInvestments  
Changes in assets and liabilities:    
Accounts receivable (4,320)us-gaap_IncreaseDecreaseInAccountsReceivable 123us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (3,582)us-gaap_IncreaseDecreaseInInventories (69)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (198)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (345)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 368us-gaap_IncreaseDecreaseInAccountsPayable (1,679)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other long-term liabilities (639)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 104us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Deferred revenue 1,856us-gaap_IncreaseDecreaseInDeferredRevenue 147us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by operating activities 25,027us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 13,571us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities:    
Purchases of marketable securities (72,411)us-gaap_PaymentsToAcquireMarketableSecurities (58,330)us-gaap_PaymentsToAcquireMarketableSecurities
Proceeds from the sale and maturity of marketable securities 57,890us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 52,264us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Acquisition of ECP and AIS, net of cash assumed (15,697)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired  
Purchase of other investment (1,250)us-gaap_PaymentsToAcquireOtherInvestments (750)us-gaap_PaymentsToAcquireOtherInvestments
Purchases of property and equipment (2,232)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,301)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used for investing activities (33,700)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (9,117)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities:    
Proceeds from the exercise of stock options 8,624us-gaap_ProceedsFromStockOptionsExercised 8,227us-gaap_ProceedsFromStockOptionsExercised
Payments in lieu of issuance of common stock for minimum payroll taxes (1,013)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (426)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Proceeds from the issuance of stock under employee stock purchase plan 397us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans 312us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
Net cash provided by financing activities 8,008us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 8,113us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash (773)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 614us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net (decrease) increase in cash and cash equivalents (1,438)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 13,181us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 20,916us-gaap_CashAndCashEquivalentsAtCarryingValue 9,451us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 19,478us-gaap_CashAndCashEquivalentsAtCarryingValue 22,632us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1,090us-gaap_IncomeTaxesPaid 1,106us-gaap_IncomeTaxesPaid
Supplemental disclosure of non-cash investing and financing activities:    
Contingent consideration related to acquisition of ECP 6,000abmd_NoncashOrPartNoncashAcquisitionAcquisitionRelatedContingentConsideration  
Fixed asset expenditures incurred, not yet paid $ 501us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 92us-gaap_CapitalExpendituresIncurredButNotYetPaid