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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
OPERATING ACTIVITIES:          
Net income (loss)     $ (38,769) $ 2,410  
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Stock-based compensation     6,804 2,937  
Depreciation and amortization     7,464 5,144  
Loss on impairment $ 10,542   10,542    
Other non-cash amortization     313 380  
Provision for doubtful accounts     (152) 747  
Inventory reserve     1,989 1,168  
Unrealized foreign currency gain     (62) (364)  
Interest expense on finance leases 23 $ 21 55 35  
Deferred income taxes     361 (218)  
Loss on disposal of fixed assets     718    
Change in the estimated fair value of acquisition-related contingent consideration   (220) (36) (1,026)  
Payment of acquisition-related contingent consideration       (142)  
Changes in assets and liabilities          
Accounts receivable     (18,646) 3,680  
Inventories     (20,385) (17,233)  
Prepaid expenses and other assets     (4,416) 154  
Accounts payable     11,942 4,400  
Deferred revenue     (252) (630)  
Accrued expenses and other liabilities     (2,959) (4,914)  
Net cash used in operating activities     (45,489) (3,472)  
INVESTING ACTIVITIES:          
Purchases of investments       (10,428)  
Proceeds from maturities and redemptions of investments     23,017 43,745  
Purchases of property and equipment (5,221) (11,868) (25,440) (22,929)  
Purchase of property and equipment under government contracts (5,615)   (33,803)    
Proceeds from funding under government contract     33,962   $ 531
Other investing activities       (18)  
Net cash (used in) provided by investing activities     (2,264) 10,370  
FINANCING ACTIVITIES:          
Cash payments for lease liabilities (239) (228) (392) (510)  
Proceeds from exercise of stock options     15 121  
Payment of acquisition-related contingent consideration     (208) (264)  
Repurchase of common stock     (1,954) (1,877)  
Net cash used in financing activities     (2,539) (2,530)  
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH     (311) (7,050)  
NET DECREASE IN CASH AND CASH EQUIVALENTS     (50,603) (2,682)  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     116,762 160,802 160,802
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 66,159 $ 158,120 66,159 158,120 $ 116,762
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:          
Cash paid for income taxes     9,107 10,329  
Non-cash investing and financing activities          
Accrued property and equipment purchases     1,900 896  
Accrued property and equipment purchases under government contracts     2,023    
Unrealized gain (loss) on marketable securities     $ 156 $ (101)