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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES:    
Net income $ 6,394 $ 13,419
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,717 18,253
Deferred income tax 7 (120)
Amortization of debt issuance costs 393 616
Non-cash interest expense 0 2,064
Loss on disposal of property and equipment 348 61
Change in fair value of contingent consideration and other 261 131
Share-based compensation 5,363 3,265
Changes in assets and liabilities, net of business acquisitions:    
Accounts receivable (589) (18,440)
Inventories (5,207) (8,104)
Prepaid expenses and other current assets (1,988) 1,288
Other non-current assets (321) (601)
Accounts payable, accrued expenses and other current liabilities 8,938 12,057
Deferred revenue 1,251 1,527
Other non-current liabilities (5,685) (386)
Net cash provided by operating activities 28,882 25,030
INVESTING ACTIVITIES:    
Purchases of property and equipment (9,191) (10,895)
Cash used in business acquisition, net of cash acquired (193,928) 0
Change in restricted cash 0 4,165
Proceeds from sale of short-term investments 9,976 0
Net cash used in investing activities (193,143) (6,730)
FINANCING ACTIVITIES:    
Borrowings under senior credit facility 210,000 15,000
Repayments under senior credit facility (20,000) (1,875)
Principal payments under capital lease obligations 0 (160)
Proceeds from exercised stock options 1,167 1,038
Cash taxes paid in net equity settlement (6,128) (4,051)
Net cash provided by financing activities 185,039 9,952
Effect of exchange rate changes on cash and cash equivalents 1,280 702
Net increase in cash and cash equivalents 22,058 28,954
Cash and cash equivalents at beginning of period 102,055 48,132
Cash and cash equivalents at end of period $ 124,113 $ 77,086