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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income $ 126,959 $ 11,001 $ 14,678
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 5,002 4,258 4,869
Gain on sale of equipment   (248)  
Deferred taxes (82,085) 519 779
Stock-based compensation expense 5,672 5,179 5,575
Provision for doubtful accounts   106  
Provision for excess and obsolete inventory (8,135) 1,051 1,721
Changes in operating assets & liabilities:      
Accounts receivable (23,573) (14,135) 5,171
Inventories 5,703 (6,572) (15,938)
Prepaid expenses and other current assets (3,866) (1,056) 640
Accounts payable and other current liabilities 25,000 810 6,005
Deferred revenue 7,079 2,467 1,360
Income taxes 14 102 (46)
Other assets and liabilities (1,486) (12,270) (6,547)
Net cash provided by (used in) operating activities 56,284 (8,788) 18,267
Cash flows from investing activities      
Proceeds from sale of equipment   270  
Expenditures for property, plant and equipment and capitalized software (7,285) (2,506) (1,830)
Net cash used in investing activities (7,285) (2,236) (1,830)
Cash flows from financing activities      
Net settlement on restricted stock grants (1,184) (11) (8)
Financing fees and other expenses   (146) (847)
Principal payments on term loan     (14,530)
Principal payments on sale leaseback obligation     (392)
Proceeds from financing obligations     48,940
Proceeds from Employee Stock Purchase Plan 739 277 441
Proceeds from exercise of stock options 15,515 2,227 3,921
Net cash provided by financing activities 15,070 2,347 37,525
Effect of exchange rate changes on cash and cash equivalents (844) 507 285
Net increase (decrease) in cash, cash equivalents and restricted cash 63,225 (8,170) 54,247
Cash, cash equivalents and restricted cash at beginning of period 77,655 85,825 31,578
Cash, cash equivalents and restricted cash at end of period 140,880 77,655 85,825
Supplemental disclosure of cash flow information      
Cash paid for Income taxes 583 525 669
Cash paid for Interest $ 5,315 $ 4,815 $ 3,985