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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (23,982) $ 27,193 $ 18,722
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 13,464 5,991 5,910
Interest expense (25) 0 0
Non-cash operating lease cost 1,531 1,179 0
Goodwill impairment charge 42,520 0 0
Change in fair value of contingent consideration (28,666) 0 0
Loss on disposal of fixed assets 265 927 152
Loss on impairment of intangible asset 2,439 389 0
Stock-based compensation expense 5,386 6,087 11,046
Deferred income taxes (3,543) 794 (1,817)
Provision (recovery) for doubtful accounts 549 (499) 57
Provision for inventory 5,490 1,612 4,419
Amortization of acquisition related inventory step-up 11,082 0 0
Amortization of premium and accretion of discount on investments and cash equivalents 13 (25) (371)
Changes in operating assets and liabilities:      
Accounts receivable 5,855 (1,839) 2,914
Inventories (14,177) (5,585) (7,577)
Prepaid expenses, other current and long-term assets (1,783) (1,641) 899
Accounts payable 822 767 (1,671)
Operating lease liabilities (1,439) (1,065) 0
Accrued expenses, other current and long-term liabilities (142) 3,805 1,313
Income taxes (2,072) (1,085) 922
Contingent consideration (522) 0 0
Net cash provided by operating activities 13,065 37,005 34,918
Cash flows from investing activities:      
Acquisition of Parcus Medical and Arthrosurface, net of cash acquired (94,601) 0 0
Proceeds from maturities of investments 45,000 146,366 46,000
Purchases of investments (20,035) (103,848) (91,601)
Purchases of property and equipment (1,628) (2,827) (4,656)
Net cash provided by (used in) investing activities (71,264) 39,691 (50,257)
Cash flows from financing activities:      
Payments made on finance leases (208) 0 0
Proceeds from long term debt 50,000 0 0
Repayments of long term debt (50,350) 0 0
Repurchases of common stock 0 (30,000) (30,000)
Cash paid for tax withheld on vested restricted stock awards (262) (293) (1,790)
Proceeds from exercises of equity awards 1,524 22,151 2,886
Contingent consideration paid (4,478) 0 0
Net cash provided by (used in) provided by financing activities (3,774) (8,142) (28,904)
Exchange rate impact on cash 327 (133) 29
Increase (decrease) in cash and cash equivalents (61,646) 68,421 (44,214)
Cash and cash equivalents at beginning of period 157,463 89,042 133,256
Cash and cash equivalents at end of period 95,817 157,463 89,042
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 993 9,257 5,560
Right-of-use assets obtained in exchange for operating lease liabilities as of January 1, 2019 2,340 1,980  
Non-cash investing activities:      
Purchases of property and equipment included in accounts payable and accrued expenses 17 137 351
Consideration for acquisitions included in accounts payable and accrued expenses 476 0 0
Contingent consideration fair value on acquisition date 69,076 0 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 $ 0