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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ (104,767,000) $ (68,987,000) $ 49,387,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 7,161,000 10,070,000 13,906,000
Stock-based compensation 17,938,000 17,734,000 25,995,000
(Gain) Loss on investments, net (3,226,000) (87,000) 1,362,000
Goodwill impairment 0 44,442,000 0
Intangibles impairment 1,071,000 0 0
Change in fair value of contingent consideration 0 0 (3,003,000)
Deferred income taxes 82,319,000 (21,842,000) 4,498,000
Provision for excess and obsolete inventory 3,168,000 3,657,000 3,877,000
Changes in assets and liabilities:      
Accounts receivable, net 92,425,000 (16,327,000) 75,894,000
Inventories 47,595,000 12,396,000 (147,432,000)
Prepaid expenses and other assets (3,189,000) 5,696,000 (4,127,000)
Accounts payable (38,947,000) 11,857,000 (16,493,000)
Accrued employee compensation (2,846,000) (572,000) (10,316,000)
Other accrued liabilities (45,893,000) (13,332,000) 4,869,000
Deferred revenue 6,969,000 5,425,000 2,978,000
Income taxes payable (2,925,000) (3,862,000) (5,974,000)
Net cash provided by (used in) operating activities 56,853,000 (13,732,000) (4,579,000)
Cash flows from investing activities:      
Purchases of short-term investments (135,920,000) (153,577,000) (146,000)
Proceeds from maturities of short-term investments 115,006,000 80,417,000 710,000
Purchases of property and equipment (5,799,000) (5,757,000) (9,864,000)
Purchases of long-term investments (720,000) (600,000) (685,000)
Net cash used in investing activities (27,433,000) (79,517,000) (9,985,000)
Cash flows from financing activities:      
Repurchases of common stock 0 (24,377,000) (75,000,000)
Restricted stock unit withholdings (2,793,000) (4,807,000) (7,660,000)
Proceeds from exercise of stock options 0 743,000 9,620,000
Proceeds from issuance of common stock under employee stock purchase plan 3,590,000 4,418,000 4,916,000
Net cash provided by (used in) financing activities 797,000 (24,023,000) (68,124,000)
Net increase (decrease) in cash and cash equivalents 30,217,000 (117,272,000) (82,688,000)
Cash and cash equivalents, at beginning of period 146,500,000 263,772,000 346,460,000
Cash and cash equivalents, at end of period 176,717,000 146,500,000 263,772,000
Supplemental Cash Flow Information:      
Cash paid for income taxes, net 7,194,000 9,396,000 20,589,000
Non-cash investing and financing activities:      
Unpaid property and equipment $ 476,000 $ 203,000 $ 526,000