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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2020
Aug. 31, 2020
Mar. 31, 2020
Sep. 30, 2019
Mar. 31, 2019
Aug. 31, 2020
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities                
Net (loss) income   $ 4,384 $ (32,011) $ (17,966) $ 6,617 $ (77,955)   $ (15,863)
Less: (Loss) income from discontinued operations   15,236   (6,155)   (34,915)   12,414
Net loss from continuing operations   (10,852)   (11,811)   (43,040)   (28,277)
Adjustments to reconcile net loss to net cash used in operating activities:                
Amortization of convertible notes conversion option and debt issuance costs           622   5,776
Accreted interest on convertible note principal           44   79
Amortization of intangible assets   204   321   841   983
Amortization of right-of-use assets           497   544
Loss on investment           5,576   0
Change in fair value of derivative assets           110   (48)
Gain on sale of intangible assets   0   (3,476)   0   (3,476)
Loss on extinguishment of convertible notes   0 3,900 3,900   606   3,900
Other amortization and depreciation           1,017   2,124
Loss on disposal of property and equipment           331   0
Stock-based compensation expense           18,802   5,192
Deferred income taxes           (18,723)   8,936
Changes in assets and liabilities:                
Accounts receivable $ 9,078         3,344   1,462
Prepaid and other current assets           (29,875)   1,706
Inventory           (8,062)   (3,079)
Other assets 1,768         306   337
Accounts payable           371   6,502
Accrued liabilities           5,762   3,518
Other long-term liabilities           1,030   493
Net cash (used in) provided by operating activities - continuing operations           (60,441)   6,672
Net cash provided by (used in) operating activities - discontinued operations           28,318   (19,971)
Cash flows from investing activities                
Settlement agreement cash received             $ 7,500 0
Proceeds from the sale of intangible assets             0 5,000
Purchase of intangible assets           0   (1,700)
Property and equipment, net purchases           (221)   (504)
Net cash provided by investing activities - continuing operations           7,279   2,796
Net cash provided by (used in) investing activities - discontinued operations           38,966   (1,710)
Cash flows from financing activities                
Proceeds from the exercise of stock options           461   0
Repurchase of convertible notes     (97,900)     (18,845)   0
Repayments of Convertible Debt             0 (7,451)
Net receipts (payments) for capped call transactions           801   (3,694)
Payment of contingent consideration           0   (1,071)
Repurchase of Company common stock           (39,373)   (75,891)
Net settlement of stock-based compensation awards           (3,462)   0
Net cash used in financing activities - continuing operations           (60,418)   (88,107)
Net cash used in financing activities - discontinued operations           (359)   0
Net decrease in cash and cash equivalents           (46,655)   (100,320)
Cash and cash equivalents at beginning of the period $ 146,796   $ 193,451   $ 394,590 193,451 $ 193,451 394,590
Cash and cash equivalents at end of the period   146,796   294,270   146,796   294,270
Less: Cash and cash equivalents of discontinued operations   25,060   16,982   25,060   16,982
Cash and cash equivalents of continuing operations at end of period   $ 121,736   $ 277,288   121,736   277,288
Supplemental cash flow information                
Cash refunded for income taxes           (4)   (2,685)
Cash paid for interest           298   2,063
Supplemental schedule of non-cash investing and financing activities                
Noncash liquidating distribution           $ 64,400   $ 0