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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net loss $ (37,145) $ (41,660) $ (39,216)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 26,785 29,212 24,940
Provision for inventory reserve 4,371 5,572 1,680
Provision for allowance for doubtful accounts 347 68 319
Stock-based compensation 5,932 6,956 11,188
Accretion of discounts and amortization of issuance costs of convertible senior notes 2,358 1,604 0
Deferred income taxes (1,657) (33) 0
Other (14) 0 0
Changes in operating assets and liabilities:      
Accounts receivable (2,834) (9,381) (5,082)
Inventory (6,965) (3,439) (8,766)
Prepaid expenses and other assets (9,741) (10,256) (9,738)
Accounts payable, accrued expenses, and accrued payroll liabilities 5,750 8,059 6,365
Net cash used in operating activities (12,813) (13,298) (18,310)
Investing activities      
Purchase of surgical instruments (11,066) (12,275) (10,905)
Purchase of property, plant and equipment (3,920) (17,439) (2,787)
Changes in cash restricted for leasehold improvements 61 6,608 0
Purchase of intangible assets (2,958) (1,307) (588)
Net cash used in investing activities (17,883) (24,413) (14,280)
Financing activities      
Borrowings on bank line of credit 0 19,500 25,000
Payments on bank line of credit 0 (19,500) (25,000)
Proceeds from issuance of convertible senior notes, net of issuance costs 0 47,108 0
Proceeds from issuances of common stock, net of issuance costs 0 0 54,209
Principal payments under capital lease (973) (219) 0
Issuances and exercise of stock-based compensation benefit plans, net of income tax 9,397 2,244 2,017
Net cash provided by financing activities 8,424 49,133 56,226
Effect of exchange rate changes on cash and cash equivalents 725 (557) (401)
Net change in cash and cash equivalents (21,547) 10,865 23,235
Cash and cash equivalents at beginning of period 45,511 34,646 11,411
Cash and cash equivalents at end of period 23,964 45,511 34,646
Significant non-cash investing and financing activities      
Buildings under capital lease 0 0 26,469
Leasehold improvements, including property under capital lease 0 171 6,884
Additions to property, plant and equipment 250 0 0
Capital lease obligation 0 1,708 33,938
Accretion of discount on convertible senior notes 2,281 807 0
Common stock offering costs 0 0 52
Cash paid for:      
Income taxes 168 159 126
Interest $ 2,231 $ 382 $ 428