XML 20 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 29,251 $ 10,154 $ 11,768
Adjustments to reconcile net income to net cash from operating activities:      
Provision for doubtful accounts 453 648 276
Reserve for product returns 2,055 2,071 1,559
Amortization on patents and tooling 965 786 391
Amortization and depreciation 17,734 6,490 5,808
Amortization of debt issuance costs 97 103 108
Deferred income taxes 2,488 263 (2,670)
Change in fair value of contingent liability 0 (230) (470)
Undistributed losses from equity investees 120 81 681
Stock-based compensation 7,413 4,001 3,347
Disposal of property and equipment 828 0 0
Changes in operating assets and liabilities (net of business acquisitions):      
Accounts receivable (1,911) (11,181) (5,910)
Inventory (3,335) (4,068) 378
Other assets (2,542) (837) (2,725)
Accounts payable, accrued expenses and other current liabilities 3,774 10,458 5,966
Deferred revenue (517) 636 1,081
Other liabilities 314 3,225 8,431
Cash flows from operating activities 57,187 22,600 28,019
Cash flows used in investing activities:      
Business acquisitions, net of cash acquired (154,289) 0 (5,632)
Additions to property and equipment (10,464) (9,055) (10,347)
Investment in cost and equity method investees (42) (139) (247)
Issuances of notes receivable (8,000) (3,073) (406)
Receipt of payment on notes receivable 4,000 2,441 0
Purchases of licenses to patents 0 (1,600) (1,000)
Cash flows used in investing activities (168,795) (11,426) (17,632)
Cash flows from financing activities:      
Proceeds from issuance of common stock from initial public offering, net of underwriting discount and commission 0 0 97,976
Proceeds from credit facility 139,000 0 0
Repayments of credit facility (74,700) 0 0
Payments of debt issuance costs (438) (131) 0
Payments of long-term consideration for business acquisitions 0 (417) (417)
Dividends paid to common stockholders 0 0 (1,013)
Dividends paid to employees for unvested shares 0 0 (57)
Dividends paid to redeemable convertible preferred stockholders 0 0 (18,930)
Payments of offering costs 0 0 (2,632)
Repurchases of common stock (9) (11) (1)
Proceeds from early exercise of stock-based awards 0 0 129
Issuances of common stock from equity based plans 3,450 1,661 344
Cash flows from financing activities 67,303 1,102 75,399
Net (decrease) / increase in cash and cash equivalents (44,305) 12,276 85,786
Cash and cash equivalents at beginning of the period 140,634 128,358 42,572
Cash and cash equivalents at end of the period 96,329 140,634 128,358
Supplemental disclosures:      
Cash paid for interest 2,010 181 175
Cash paid for income taxes, net of refunds 1,805 6,021 8,508
Noncash investing and financing activities:      
Conversion of redeemable convertible preferred stock to common stock 0 0 202,456
Assumed options from business acquisition 1,375 0 0
Cash not yet paid for business acquisitions 0 0 417
Contingent liability from business acquisition 0 0 230
Cash not yet paid for capital expenditures 322 1,235 625
Reclassification of deferred offering costs to additional paid-in capital $ 0 $ 0 $ 5,024