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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 13,942 $ 3,405
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,943 2,920
Non-cash operating lease cost 591
Loss on disposal of fixed assets 721 172
Loss on impairment of intangible asset 281
Stock-based compensation expense 2,829 8,887
Deferred income taxes 120 63
Provision for doubtful accounts (6)
Provision for inventory 601 3,993
Accretion to amortized cost of investments (757)
Changes in operating assets and liabilities:    
Accounts receivable (2,293) 1,926
Inventories (3,033) (5,990)
Prepaid expenses, other current and long-term assets 356 790
Accounts payable (906) (194)
Operating lease liabilities (534)
Accrued expenses, other current and long-term liabilities (1,300) (100)
Income taxes 371 (1,803)
Net cash provided by operating activities 13,932 14,063
Cash flows from investing activities:    
Proceeds from maturity of investments 72,594 24,750
Purchase of investments (73,896) (14,000)
Purchase of property and equipment (2,131) (3,283)
Net cash (used in) provided by investing activities (3,433) 7,467
Cash flows from financing activities:    
Repurchases of common stock (30,000) (30,000)
Cash paid for tax withheld on vested restricted stock awards (125) (1,735)
Proceeds from exercise of equity awards 6 2,886
Net cash used in financing activities (30,119) (28,849)
Exchange rate impact on cash (15) 110
Decrease in cash and cash equivalents (19,635) (7,209)
Cash and cash equivalents at beginning of period 89,042 133,256
Cash and cash equivalents at end of period 69,407 126,047
Supplemental disclosure of cash flow information:    
Right-of-use assets obtained in exchange for operating lease liabilities as of January 1, 2019 24,110
Non-cash activities:    
Purchases of property and equipment included in accounts payable and accrued expenses $ 211 $ 462