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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 40,237 $ 24,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other 12,480 11,971
Stock-based compensation expense 3,878 3,588
Amortization of debt discount and deferred issuance costs 217 602
Accretion of interest on deferred consideration 1,895 2,343
Change in deferred tax assets and liabilities 78 0
Changes in assets and liabilities:    
Accounts receivable (7,737) (10,682)
Inventories (602) 682
Prepaid expenses and other current and non-current assets 321 3,995
Accounts payable 6,639 1,802
Accrued payroll and related expenses (2,860) (6,969)
Other current and non-current liabilities 6,634 721
Net cash provided by operating activities: 61,180 32,897
INVESTING ACTIVITIES:    
Acquisitions of property, equipment and intangibles (5,884) (4,993)
Net cash used for investing activities: (5,884) (4,993)
FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 2,805 6,847
Payments on Revolving Credit Facility (112) (38)
Payments on finance lease obligation 0 (20,000)
Repurchases of common stock (1,954) (1,476)
Payments of acquisition contingent consideration (34) (12)
Net cash provided by (used for) financing activities: 705 (14,679)
Effect of exchange rates on cash (6) 18
Net increase in cash and cash equivalents 55,995 13,243
Cash and cash equivalents, beginning of period 52,775 43,695
Cash and cash equivalents, end of period 108,770 56,938
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Purchase of property, equipment and intangibles by incurring current liabilities 860 1,728
Reduction of other current liabilities upon issuance of restricted share units $ 767 $ 1,970