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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income (loss) $ 6,639 $ (4,231)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 767 603
Amortization of intangible assets 934 325
Provision for doubtful accounts 119 71
Investment premium amortization 130  
Stock-based compensation 1,823 1,849
Tax benefit from business acquisition (9,824)  
Changes in assets and liabilities:    
Accounts receivable 1,576 1,716
Inventories (6,497) (3,389)
Prepaid expenses and other current assets (1,175) (375)
Other assets (137) 47
Accounts payable 2,383 519
Accrued liabilities (523) (1,049)
Deferred revenue 202 86
Other long-term liabilities (18) (347)
Net cash used in operating activities (3,601) (4,175)
Investing activities    
Purchases of available-for-sale investments   (25,500)
Proceeds from maturities of available-for-sale investments 20,362 24,095
Purchases of property and equipment (432) (808)
Business acquisitions, net of cash acquired (32,155) (8,380)
Net cash used in investing activities (12,225) (10,593)
Financing activities    
Proceeds from exercise of options for common stock 116 491
Repurchase of common stock (1,737)  
Repayment of notes payable (194) (267)
Proceeds from revolving credit facility 5,000  
Payment of debt issuance costs (89)  
Net cash provided by financing activities 3,096 224
Effect of exchange rate changes on cash and cash equivalents 204 (6)
Net decrease in cash and cash equivalents (12,526) (14,550)
Cash and cash equivalents at beginning of period 29,530 29,187
Cash and cash equivalents at end of period 17,004 14,637
Supplemental disclosure of cash flow information    
Cash paid for interest 30 36
Cash paid for taxes 190 66
Supplemental schedule of non-cash investing and financing activities    
Landlord paid tenant improvements   53
Net unrealized losses on available-for-sale investments $ 74 $ 40