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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 7,278 $ 10,956
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,677 2,744
Purchase accounting adjustments to goodwill (23) 520
Loss on inventory nonmonetary exchanges 0 147
Loss on disposal of property and equipment, net 0 40
Loss on disposal of intangible assets 0 21
Bond premium amortization 594 980
Stock-based compensation 11,423 6,742
Deferred income taxes (4,155) (2,672)
Unrecognized tax benefits (134) 17
Tax benefit from stock-based compensation 0 (919)
Change in assets and liabilities:    
Accounts and notes receivable (26,027) (14,409)
Inventory (19,074) (10,804)
Prepaid expenses and other assets (11,261) (10,441)
Accounts payable, accrued and other liabilities 2,906 12,566
Deferred revenue 26,460 26,331
Customer deposits 501 140
Net cash provided by (used in) operating activities (5,835) 21,959
Cash flows from investing activities:    
Purchases of investments (19,950) (49,316)
Proceeds from call / maturity of investments 49,633 55,235
Purchases of property and equipment (9,072) (3,335)
Proceeds from disposal of property and equipment 0 40
Purchases of intangible assets (431) (339)
Business acquisitions (10,629)  
Net cash provided by investing activities 9,551 2,285
Cash flows from financing activities:    
Repurchase of common stock 0 (33,746)
Proceeds from options exercised 1,255 431
Payroll tax payments for net-settled stock awards (2,830) (1,299)
Payments on capital lease obligation (25) (29)
Payments on notes payable 0 (77)
Tax benefit from stock-based compensation 0 919
Net cash used in financing activities (1,600) (33,801)
Effect of exchange rate changes on cash and cash equivalents 704 631
Net increase (decrease) in cash and cash equivalents 2,820 (8,926)
Cash and cash equivalents, beginning of period 40,651 59,526
Cash and cash equivalents, end of period 43,471 50,600
Supplemental disclosure:    
Cash paid for income taxes, net of refunds 12,206 11,308
Non-cash transactions    
Property and equipment purchases in accounts payable and accrued liabilities 556 145
Contingent consideration related to business combinations $ 1,007 $ 0