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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 25,791 $ (18,329) $ 19,436
Net (income) loss from discontinued operations 0 35,655 (30,569)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 19,406 18,851 22,529
Stock-based compensation 29,137 26,461 18,969
Deferred income taxes (1,379) 2,459 21,119
Provision for excess and obsolete inventory 3,878 2,904 2,866
Other 29 116 46
Changes in assets and liabilities, net of effect of acquisitions:      
Accounts receivable 26,500 (43,055) (23,121)
Inventories 4,504 (85,064) 34,336
Prepaid expenses and other assets (1,654) (12,114) 4,604
Accounts payable (56,614) 45,503 (432)
Accrued employee compensation (11,642) 7,145 (5,278)
Other accrued liabilities (16,603) 15,589 15,109
Deferred revenue (3,354) 5,759 2,440
Income taxes payable (4,474) (16,939) 18,293
Net cash provided by (used in) continuing operating activities 13,525 (15,059) 100,347
Net cash used in discontinued operating activities 0 (88,152) (12,823)
Net cash provided by (used in) operating activities 13,525 (103,211) 87,524
Cash flows from investing activities:      
Purchases of short-term investments (1,617) (81,814) (136,556)
Proceeds from maturities of short-term investments 70,790 137,058 135,549
Purchases of property and equipment (14,230) (12,251) (10,140)
Purchases of long-term investments (5,484) (1,091) (4,400)
Proceeds from sale of long-term investments 0 624 0
Payments made in connection with business acquisitions, net of cash acquired 0 (14,352) 0
Net cash provided by (used in) continuing investing activities 49,459 28,174 (15,547)
Net cash used in discontinued investing activities 0 (71,363) (4,271)
Net cash provided by (used in) investing activities 49,459 (43,189) (19,818)
Cash flows from financing activities:      
Repurchases of common stock (75,946) (30,000) (113,161)
Restricted stock unit withholdings (6,521) (8,065) (6,415)
Proceeds from exercise of stock options 5,027 6,841 9,508
Proceeds from issuance of common stock under employee stock purchase plan 3,617 5,554 4,764
Net cash used in continuing financing activities (73,823) (25,670) (105,304)
Net cash provided by discontinued financing activities 0 170,247 0
Net cash provided by (used in) financing activities (73,823) 144,577 (105,304)
Net decrease in cash and cash equivalents (10,839) (1,823) (37,598)
Cash and cash equivalents, at beginning of period 201,047 202,870 240,468
Cash and cash equivalents, at end of period 190,208 201,047 202,870
Supplemental Cash Flow Information:      
Cash paid for income taxes 8,876 23,220 32,090
Non-cash investing and financing activities:      
Change in accounts payable and other accrued liabilities relating to property and equipment additions (4,360) 2,604 638
Fair value of contingent consideration in connection with business acquisition in other accrued liabilities $ 0 $ 5,953 $ 0