XML 17 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (47,671) $ (11,213)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,232 1,489
Stock-based compensation 2,882 2,211
Change in fair value of derivative liabilities 5,088 0
Change in fair value of contingent consideration related to acquisition 0 100
Accretion of interest & amortization of deferred financing costs on convertible notes 2,279 976
Non-cash foreign exchange loss 270 111
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (4,186) 48
Inventories 1,240 (4,637)
Prepaid expenses and other current assets 638 681
Accounts payable (4,067) 859
Accrued payroll 4,498 (2,482)
Accrued expenses and other liabilities 3,439 130
Net cash used in operating activities (33,358) (11,727)
Cash flows from investing activities:    
Purchases of marketable securities 0 (28,059)
Maturities of marketable securities 9,350 34,430
Purchases of property and equipment (891) (2,174)
Acquisition of business, net of cash acquired of $24,012 (60,622) 0
Net cash provided by (used in) investing activities (52,163) 4,197
Cash flows from financing activities:    
Proceeds from exercise of stock options 500 1,642
Minimum tax withholding paid on behalf of employees for restricted stock units 0 (35)
Net cash provided by financing activities 500 1,607
Effect of exchange rate changes on cash and cash equivalents 241 (692)
Net decrease in cash and cash equivalents (84,780) (6,615)
Cash and cash equivalents, beginning of period 124,553 26,798
Cash and cash equivalents, end of period 39,773 20,183
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 110 35
Non-cash investing and financing activities:    
Acquisition of property and equipment included in accounts payable 76 0
Fair value of common stock issued for business acquisition 100,812 0
Fair value of warrants issued for business acquisition $ 44 $ 0