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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net income $ 17,230 $ 26,173
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,312 36,267
Deferred income tax (1,138) (642)
Amortization of debt issuance costs 784 1,236
Non-cash interest expense 0 4,168
Realized loss on sale of short-term investment 2,287 0
Loss on disposal of property and equipment 452 1,184
Change in fair value of contingent consideration and other (1,995) 251
Share-based compensation 11,050 7,897
Changes in assets and liabilities, net of business acquisitions:    
Accounts receivable (11,303) (13,525)
Inventories (5,464) (7,362)
Prepaid expenses and other current assets (9,236) 4,362
Other non-current assets (1,811) (571)
Accounts payable, accrued expenses and other current liabilities 20,287 2,237
Deferred revenue 2,083 2,510
Other non-current liabilities (6,785) (1,076)
Net cash provided by operating activities 57,753 63,109
INVESTING ACTIVITIES:    
Purchases of property and equipment (22,010) (19,162)
Proceeds from sale of property and equipment 143 0
Cash used in business acquisition, net of cash acquired (225,744) 0
Cash received from business acquisition purchase price adjustment 0 224
Change in restricted cash 0 4,165
Proceeds from sale of short-term investments 16,951 0
Net cash used in investing activities (230,660) (14,773)
FINANCING ACTIVITIES:    
Borrowings under senior credit facility 245,000 15,000
Repayments under senior credit facility (30,000) (28,750)
Net cash received for contingent consideration 87 0
Principal payments under capital lease obligations 0 (323)
Proceeds from exercised stock options 9,774 9,260
Cash taxes paid in net equity settlement (6,498) (4,269)
Net cash provided by (used in) financing activities 218,363 (9,082)
Effect of exchange rate changes on cash and cash equivalents 7,089 (583)
Net increase in cash and cash equivalents 52,545 38,671
Cash and cash equivalents at beginning of period 102,055 48,132
Cash and cash equivalents at end of period $ 154,600 $ 86,803