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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (44,448) $ (59,469)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Benefit of deferred income taxes (5,464) (21,971)
Depreciation and amortization 45,731 63,905
Provision for arbitration award   11,282
Impairment of assets 8,590 1,111
Provision for bad debts 1,488 4,123
Inventory reserve of discontinued products 10,723 0
Stock-based compensation 28,405 28,850
(Gain) loss on the disposition of property and equipment 2,052 1,182
Changes in operating accounts:    
Accounts receivable 36,357 37,426
Inventories (16,977) (40,987)
Prepaid expenses and other current assets (1,619) (10,136)
Accounts payable (9,938) (19,657)
Accrued and other current liabilities (8,452) (5,348)
Customer deposits (2,389) 566
All other operating activities (5,819) (1,485)
Net cash provided by (used in) operating activities 38,240 (10,608)
Cash flows from investing activities:    
Purchases of property and equipment (12,014) (18,064)
Additions to license and patent costs (790) (719)
Cash paid for acquisitions, net of cash assumed   (91,799)
Other investing activities (1,000) (3,750)
Net cash used in investing activities (13,804) (114,332)
Cash flows from financing activities:    
Tax benefits (provision) from share-based payment arrangements   467
Proceeds, repurchase and retirement of stock, net (1,507) 748
Repayment of capital lease obligations (786) (788)
Net cash provided by (used in) financing activities (2,293) 427
Effect of exchange rate changes on cash and cash equivalents 1,572 (2,896)
Net increase (decrease) in cash and cash equivalents 23,715 (127,409)
Cash and cash equivalents at the beginning of the period 155,643 284,862
Cash and cash equivalents at the end of the period 179,358 157,453
Supplemental cash flow information:    
Cash interest payments 633 494
Cash income tax payments 8,040 11,532
Transfer of equipment from inventory to property and equipment, net [1] 9,395 8,812
Transfer of equipment to inventory from property and equipment, net [2] $ 349 $ 300
[1] Inventory is transferred from inventory to "property and equipment, net" at cost when the Company requires additional machines for training or demonstration or for placement into on demand parts manufacturing services locations.
[2] In general, an asset is transferred from property and equipment, net, into inventory at its net book value when the Company has identified a potential sale for a used machine.