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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 9,506 $ 1,948
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,177 918
Deferred taxes (22) (50)
Stock-based compensation expense 1,075 838
Provision for excess and obsolete inventory 578 549
Changes in operating assets & liabilities:    
Accounts receivable (16,178) (10,287)
Inventories (844) 1,143
Prepaid expenses and other current assets (2,347) (1,214)
Accounts payable and other current liabilities 3,049 1,082
Deferred revenue 2,085 226
Income taxes 2 30
Other assets and liabilities (749) (5,364)
Net cash used in operating activities (2,668) (10,181)
Cash flows from investing activities    
Expenditures for property, plant and equipment (1,116) (1,275)
Net cash used in investing activities (1,116) (1,275)
Cash flows from financing activities    
Net settlement on restricted stock grants (286) (2)
Proceeds from exercise of stock options 2,531 194
Net cash provided by financing activities 2,245 192
Effect of exchange rate changes on cash and cash equivalents 105 (127)
Net decrease in cash, cash equivalents and restricted cash (1,434) (11,391)
Cash, cash equivalents and restricted cash at beginning of period 77,655 85,825
Cash, cash equivalents and restricted cash at end of period $ 76,221 $ 74,434