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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income (loss) $ (49,281) $ 2,556
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,140 8,197
Stock-based compensation 5,507 7,547
Deferred income taxes (2,210) 173
Change in provision for doubtful accounts 152 89
Change in provision for excess and obsolete inventory 4,230 (6)
Gain on disposal of assets   4
Changes in operating assets and liabilities:    
Accounts receivable 17,585 28,433
Inventory 2,249 5,372
Prepaid expenses and other assets 1,226 (3,792)
Prepaid income taxes 21,441 (441)
Accounts payable (13,865) (14,456)
Accrued expenses and other current liabilities (11,375) (10,210)
Accrued income taxes 3,839 (3,240)
Deferred revenue 22,972 6,489
Net cash provided by operating activities 9,610 26,715
Investing activities:    
Purchases of property and equipment (1,597) (1,514)
Purchases of software licenses (513) (1,400)
Net cash used in investing activities (2,110) (2,914)
Financing activities:    
Principal repayments of debt (1,500) (8,275)
Proceeds from exercise of stock options 254 1,187
Employee taxes paid related to net share settlement of equity awards (1,628) (5,675)
Proceeds from sale of common stock, net of issuance costs 39,370  
Payments of dividends and equitable adjustments (1) (59)
Repurchases of common stock (1,192)  
Net cash provided by (used in) financing activities 35,303 (12,822)
Effect of exchange rate changes on cash and cash equivalents (1,671) 214
Net increase in cash, cash equivalents and restricted cash 41,132 11,193
Cash, cash equivalents and restricted cash at beginning of period 157,804 158,461
Cash, cash equivalents and restricted cash at end of period [1] 198,936 169,654
Supplemental disclosures of cash flow information:    
Cash paid for interest 6,999 7,358
Cash paid for income taxes 7,511 7,564
Supplemental disclosures of non-cash operating, investing and financing activities:    
Purchases of property and equipment included in accounts payable $ 469 265
Unpaid equitable adjustments included in accrued expenses and other current liabilities   $ 4
[1] See Note 2 of the accompanying notes for a reconciliation of the ending balance of cash, cash equivalents and restricted cash shown in these unaudited condensed consolidated statements of cash flows.