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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net loss $ (54,058) $ (1,342)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 7,310 842
Amortization of lease right-of-use assets 1,311 400
Deferred income tax benefit (709)  
Stock-based compensation 17,176 7,129
Change in fair value of cash settled stock options (3,171)  
Unrealized foreign currency losses 2,024 87
Amortization of discount on short-term investments (19) (112)
Other liabilities 207 689
Changes in operating assets and liabilities:    
Accounts receivable, net 9,246 (1,959)
Inventory, net 14,568 (157)
Prepaid expenses and other current assets (2,235) (173)
Accounts payable and accrued liabilities (4,750) (5,134)
Other assets 1 (62)
Net cash (used in) provided by operating activities (13,099) 208
Investing activities    
Purchases of short-term investments (18,680) (16,613)
Proceeds from sales and maturities of short-term investments 19,676 16,189
Purchases of property and equipment (782) (651)
Investment in company-owned life insurance 414 (638)
Net cash provided by (used in) investing activities 628 (1,713)
Financing activities    
Proceeds from exercise of stock options 4,454 4,607
Proceeds from share purchases under Employee Stock Purchase Plan 1,278 902
Payment of employee taxes related to vested restricted stock units (1,512) (102)
Net cash provided by financing activities 4,220 5,407
Effect of exchange rate changes on cash and cash equivalents (565) (5)
Net (decrease) increase in cash, cash equivalents and restricted cash (8,816) 3,897
Cash, cash equivalents and restricted cash at beginning of period 71,756 38,596
Cash, cash equivalents and restricted cash at end of period 62,940 42,493
Supplemental disclosures of cash flow information    
Taxes paid $ 250 $ 40