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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 14,313 $ 31,903 $ 51,943
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes 152 (2,468) 17,289
Depreciation expense 2,131 1,155 932
Amortization expense 2,520 2,515 2,815
Stock-based compensation expense 21,998 19,082 15,429
Change in fair value of contingent consideration 0 (763) (7,377)
Amortization of debt issuance costs 480 376 222
Asset impairment charge 0 2,704 7,235
Non-cash restructuring charge 0 5,769 0
Changes in operating assets and liabilities which provided (used) cash:      
Accounts receivable 18,481 (12,665) (11,627)
Inventories 1,739 (5,556) (2,379)
Prepaid expenses and other current assets (4,841) 4,838 1,993
Other assets (599) (570) 0
Accounts payable (4,455) (2,064) (8,460)
Accrued expenses and other liabilities 4,067 8,128 (9,096)
Net cash provided by operating activities 55,986 52,384 58,919
Cash flows from investing activities:      
Purchase of property and equipment (777) (133) (4,436)
Payment for Ryanodex intangible asset 0 0 (750)
Net cash used in investing activities (777) (133) (5,186)
Cash flows from financing activities:      
Repurchases of common stock (17,961) (73,105) (43,792)
Payment of contingent consideration 0 (15,000) 0
Proceeds from long-term debt 0 0 50,000
Payment of debt (6,000) (3,750) (1,250)
Payment of debt financing costs (326) 0 (1,192)
Payment of employee withholding tax upon vesting of stock-based awards (198) 0 0
Payments for employee net option exercises 0 (4,877) 0
Proceeds from common stock option exercises 260 8,615 4,338
Net cash (used in) provided by financing activities (24,225) (88,117) 8,104
Net increase (decrease) in cash and cash equivalents 30,984 (35,866) 61,837
Cash and cash equivalents at beginning of period 78,791 114,657 52,820
Cash and cash equivalents at end of period 109,775 78,791 114,657
Cash paid during the period for:      
Income taxes, net 6,673 2,281 10,542
Interest 2,478 2,084 651
Right-of-use asset obtained in exchange for lease obligation - lease amendment $ 3,716 $ 0 $ 0