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Consolidated Statements of Cash Flow
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities      
Net income $ 11,001 $ 14,678 $ (11,266)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 4,258 4,869 4,589
Gain on sale of equipment (248)    
Deferred taxes 519 779 1,266
Stock-based compensation expense 5,179 5,575 4,812
Provision for doubtful accounts 106    
Provision for excess and obsolete inventory 1,051 1,721 1,817
Changes in operating assets & liabilities:      
Accounts receivable (14,135) 5,171 (7,069)
Inventories (6,572) (15,938) (12,280)
Prepaid expenses and other current assets (1,056) 640 (1,384)
Accounts payable and other current liabilities 799 5,997 772
Deferred revenue 2,467 1,360 2,577
Income taxes 102 (46) (212)
Other assets and liabilities (12,270) (6,547) 333
Net cash (used in) provided by operating activities (8,799) 18,259 (16,045)
Cash flows from investing activities      
Proceeds from sale of equipment 270    
Expenditures for property, plant, and equipment (2,506) (1,830) (896)
Net cash used in investing activities (2,236) (1,830) (896)
Cash flows from financing activities      
Decrease in restricted cash 72 (6,111)  
Financing fees and other expenses (146) (847) (115)
Proceeds from exercise of stock options 2,227 3,921 2,895
Proceeds from Employee Stock Purchase Plan 277 441 446
Principal payments on sale leaseback obligation   (392)  
Proceeds from financing obligations   48,940  
Principal payments on Term Loan   (14,530) (470)
Net cash provided by financing activities 2,430 31,422 2,756
Effect of exchange rate changes on cash and cash equivalents 507 285 (1,352)
Net (decrease) increase in cash and cash equivalents (8,098) 48,136 (15,537)
Cash and cash equivalents at beginning of period 78,889 30,753 46,290
Cash and cash equivalents at end of period 70,791 78,889 30,753
Supplemental disclosure of cash flow information      
Cash paid for Income taxes 525 669 931
Cash paid for Interest 4,815 3,985 832
Supplemental disclosure of total cash, cash equivalents and restricted cash:      
Cash and cash equivalents at end of period 70,791 78,889 30,753
Restricted cash at end of period 6,864 6,936 825
Total cash, cash equivalents and restricted cash at end of period $ 77,655 $ 85,825 $ 31,578