XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 11,995 $ (1,288)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization of intangible and other non-current assets 5,555 6,209
Depreciation of property and equipment 5,121 3,369
Stock-based compensation expense 9,720 5,589
Amortization of debt issuance costs and discount on debt 605 1,504
Deferred income taxes (1) 193
Debt prepayment penalty   400
Loss on disposal of fixed assets 241 235
Loss/(gain) on foreign currency forward contracts   (8,333)
Other, net 194 (93)
Changes in operating assets and liabilities:    
Accounts receivable 1,993 (11,503)
Inventories 5,837 (9,907)
Prepaid expenses and other assets (13,030) (8,315)
Accounts payable and accrued expenses (34,067) 23,592
Other liabilities (330) 897
Net cash provided by (used in) operating activities (6,167) 2,549
Cash flows from investing activities:    
Purchase of property and equipment (4,371) (5,553)
Investment in equity securities (2,875)  
Proceeds from sale of property and equipment   84
Net cash used in investing activities (7,246) (5,469)
Cash flows from financing activities:    
Proceeds from revolving line of credit 24,100 5,500
Repayment of revolving line of credit (14,600) (13,200)
Proceeds from long-term debt   62,294
Repayment of long-term debt (6,188) (42,369)
Debt issuance costs paid (519)  
Cash received from issuance of common stock 1,309 64,034
Proceeds from repayment of employee note receivable   7,912
Deferred offering costs paid   (5,574)
Dividend paid   (68,000)
Debt prepayment penalty   (400)
Other, net (307) (197)
Net cash provided by financing activities 3,795 10,000
Net increase (decrease) in cash (9,618) 7,080
Cash - beginning of period 15,295 14,004
Cash - end of period $ 5,677 $ 21,084