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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 31, 2016
May 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (2,659) $ 4,059
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 1,821 792
Intangible assets amortization expense 3,490 1,644
Stock-based compensation expense 1,984 1,220
Amortization of convertible debt issue costs and discount 1,699 450
Deferred tax assets, net (1,494) $ 2,181
Equity in net loss of affiliate 312
Impairment of internal use software 1,364
Changes in operating assets and liabilities:    
Accounts receivable 4,779 $ 2,845
Inventories 2,442 2,623
Prepaid expenses and other assets (259) 9
Accounts payable (1,032) 1,922
Accrued liabilities (10,724) (164)
Deferred revenue 6,599 (1,253)
NET CASH PROVIDED BY OPERATING ACTIVITIES 8,322 16,328
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities $ 38,578 4,389
Purchases of marketable securities (87,084)
Capital expenditures $ (1,620) (1,264)
Acquisition of Crashboxx $ (1,500)
Acquisition of LoJack, net of cash acquired $ (116,982)
Advances to affiliate (737)
Other (20)
NET CASH USED IN INVESTING ACTIVITIES $ (80,781) $ (85,459)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible senior notes 172,500
Payment of debt issuance costs (5,276)
Purchase of convertible note hedges (31,343)
Proceeds from issuance of warrants 15,991
Payment of acquisition-related note and contingent consideration (625)
Taxes paid related to net share settlement of vested equity awards $ (160) (7)
Proceeds from exercise of stock options 721 137
NET CASH PROVIDED BY FINANCING ACTIVITIES 561 151,377
Net change in cash and cash equivalents (71,898) 82,246
Cash and cash equivalents at beginning of period 139,388 34,184
Cash and cash equivalents at end of period $ 67,490 $ 116,430