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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 5,793 $ 4,507
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,761 1,477
Non-cash operating lease cost 340 297
Goodwill impairment 18,144
Change in fair value of contingent consideration (24,522)
Loss on disposal of fixed assets 721
Loss on impairment of intangible asset 318 281
Stock-based compensation expense (207) 1,386
Deferred income taxes 550 (124)
Provision (recovery) for doubtful accounts (15)
Provision for inventory 831 381
Amortization of acquisition related inventory step-up 2,081
Amortization of premium and accretion of discount on investments and cash equivalents (363)
Changes in operating assets and liabilities:    
Accounts receivable 2,004 2,489
Inventories (3,632) (1,617)
Prepaid expenses, other current and long-term assets (445) (182)
Accounts payable 421 496
Operating lease liabilities (310) (269)
Accrued expenses, other current and long-term liabilities (3,233) (1,928)
Income taxes 166 910
Net cash provided by operating activities 1,045 8,462
Cash flows from investing activities:    
Acquisition of Parcus Medical and Arthrosurface, net of cash acquired (92,983)
Proceeds from maturities of investments 14,990 58,094
Purchases of investments (13,787) (58,981)
Purchases of property and equipment (723) (1,030)
Net cash used in investing activities (92,503) (1,917)
Cash flows from financing activities:    
Cash paid for tax withheld on vested restricted stock awards (141) (124)
Proceeds from exercises of equity awards 5
Net cash used in financing activities (141) (119)
Exchange rate impact on cash (31) 46
Increase (decrease) in cash and cash equivalents (91,630) 6,472
Cash and cash equivalents at beginning of period 157,463 89,042
Cash and cash equivalents at end of period 65,833 95,514
Supplemental disclosure of cash flow information:    
Right-of-use assets obtained in exchange for operating lease liabilities as of January 1, 2019 544 497
Non-cash Investing Activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 55 246
Consideration for acquisitions included in accounts payable and accrued expenses 2,085
Acquisition related contingent consideration 69,076
Accounting Standards Update 2016-02 [Member]    
Supplemental disclosure of cash flow information:    
Right-of-use assets obtained in exchange for operating lease liabilities as of January 1, 2019 $ 24,110