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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:              
Net income (loss) $ (7,708) $ 5,793 $ 9,435 $ 4,507 $ (1,915) $ 13,942  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         6,459 2,943  
Non-cash operating lease cost         725 591  
Goodwill impairment 0   0   18,144 0 $ (0)
Change in fair value of contingent consideration 4,196   0   (20,326) 0  
Loss on disposal of fixed assets         265 721  
Loss on impairment of intangible asset         1,025 281 (389)
Stock-based compensation expense         2,033 2,829  
Deferred income taxes         (907) 120  
Provision (recovery) for doubtful accounts         (36) 0  
Provision for inventory         3,259 601  
Amortization of acquisition related inventory step-up         4,123 0  
Accretion of amortized cost of investments         0 (757)  
Changes in operating assets and liabilities:              
Accounts receivable         6,208 (2,293)  
Inventories         (5,410) (3,033)  
Prepaid expenses, other current and long-term assets         (373) 356  
Accounts payable         (2,462) (906)  
Operating lease liabilities         (675) (534)  
Accrued expenses, other current and long-term liabilities         (5,135) (1,300)  
Income taxes         (389) 371  
Net cash provided by operating activities         4,613 13,932  
Cash flows from investing activities:              
Acquisition of Parcus Medical and Arthrosurface, net of cash acquired         (93,859) 0  
Proceeds from maturities of investments         20,000 72,594  
Purchases of investments         (20,035) (73,896)  
Purchases of property and equipment         (908) (2,131)  
Net cash used in investing activities         (94,802) (3,433)  
Cash flows from financing activities:              
Repurchases of common stock         0 (30,000)  
Repayments of long term debt         (351) 0  
Proceeds from long term debt         50,000 0  
Cash paid for tax withheld on vested restricted stock awards         (200) (125)  
Proceeds from exercises of equity awards         68 6  
Net cash provided by (used in) financing activities         49,517 (30,119)  
Exchange rate impact on cash         (45) (15)  
Decrease in cash and cash equivalents         (40,717) (19,635)  
Cash and cash equivalents at beginning of period   $ 157,463   $ 89,042 157,463 89,042 89,042
Cash and cash equivalents at end of period 116,746   69,407   116,746 69,407 $ 157,463
Supplemental disclosure of cash flow information:              
Right-of-use assets obtained in exchange for operating lease liabilities as of January 1, 2019 $ 593   $ 497   1,137 994  
Non-cash Investing Activities:              
Purchases of property and equipment included in accounts payable and accrued expenses         61 211  
Consideration for acquisitions included in accounts payable and accrued expenses         1,209 0  
Acquisition related contingent consideration         69,076 0  
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         $ 0 $ 24,110