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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Consolidated net income $ 5,298 $ 9,386
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,972 34,054
Amortization of non-cash interest 7,143 5,210
Stock-based compensation (2,858) 5,717
Reserves on current assets 5,232 3,785
Net loss on strategic investments 1,411  
Other non-cash adjustments 5,403 3,172
Deferred income taxes 9,105 1,547
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 22,409 1,620
Inventory (21,135) (19,292)
Prepaid expenses and other current assets (2,042) (1,399)
Accounts payable and accrued liabilities (5,271) (2,249)
Accrued payroll and related expenses (45,927) (14,815)
Income taxes (8,515) (2,261)
Net cash provided by operating activities 5,225 24,475
Investing activities:    
Purchases of intangible assets (2,490) (6,827)
Purchases of property and equipment (28,116) (33,929)
Net cash used in investing activities (30,606) (40,756)
Financing activities:    
Purchases of treasury stock (78,818) (8,177)
Payment of contingent consideration (346) (1,435)
Proceeds from issuance of convertible debt, net of issuance costs 437,686  
Proceeds from sale of warrants 47,070  
Purchase of convertible note hedge (78,300)  
Other financing activities (1,233) 1,556
Net cash provided by (used in) financing activities 326,059 (8,056)
Effect of exchange rate changes on cash (1,736) (112)
Increase (decrease) in cash, cash equivalents and restricted cash 298,942 (24,449)
Cash, cash equivalents and restricted cash at beginning of period 214,528 120,235
Cash, cash equivalents and restricted cash at end of period $ 513,470 $ 95,786