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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 6,618 $ 28,584
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 3,600 2,776
Deferred income taxes 1,341 6,144
Stock-based compensation expense 3,989 3,188
Provision for excess and obsolete inventory 1,329 1,170
Changes in operating assets & liabilities:    
Accounts receivable 16,346 530
Inventories (11,161) (9,330)
Prepaid expenses and other current assets (433) (1,272)
Accounts payable and other current liabilities (21,559) (8,032)
Deferred revenue (8,498) (1,358)
Income taxes (129) (104)
Other assets and liabilities (11,769) (6,956)
Net cash (used in) provided by operating activities (20,326) 15,340
Cash flows from investing activities    
Expenditures for property, plant and equipment and capitalized software (8,757) (1,675)
Net cash used in investing activities (8,757) (1,675)
Cash flows from financing activities    
Net settlement on restricted stock grants (1,591) (1,387)
Repurchase of common stock (14,035)  
Proceeds from Employee Stock Purchase Plan 407 437
Proceeds from exercise of stock options 2,396 822
Net cash used in financing activities (12,823) (128)
Effect of exchange rate changes on cash and cash equivalents 168 525
Net (decrease) increase in cash, cash equivalents and restricted cash (41,738) 14,062
Cash, cash equivalents and restricted cash at beginning of period 184,902 140,880
Cash, cash equivalents and restricted cash at end of period $ 143,164 $ 154,942