XML 135 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
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 loss $ (130,075) $ (76,810) $ (35,252)
Adjustments to reconcile net loss to cash flows provided by (used in) operating activities:      
Depreciation and amortization of property and equipment 11,949 11,200 8,486
Amortization of intangible assets 49,225 49,723 17,112
Stock-based compensation 12,601 11,072 25,657
Impairment of intangible assets and goodwill 164,300 0 5,471
Deferred income taxes 5,299 513 (20,361)
Reduction in deferred purchase consideration (8,124) 0 0
Foreign currency exchange losses (gains) 1,090 4,611 (783)
Other 0 0 (557)
Changes in operating assets and liabilities:      
Accounts receivable (3,936) (13,017) (30,759)
Inventory 7,776 993 5,786
Other operating assets (17,489) 5,036 269
Accounts payable (16,282) (6,057) 13,415
Accrued expenses and other long-term liabilities (18,538) (13,422) (4,263)
Deferred revenue (2,111) 16,563 23,859
Net cash provided by (used in) operating activities 55,685 (9,595) 8,080
Cash flows from investing activities:      
Purchases of property and equipment (10,824) (7,907) (3,999)
Business acquisitions, net of cash acquired 0 (46,389) (42,951)
Purchases of marketable securities 0 0 (28,731)
Sales/maturities of marketable securities 7,295 18,919 96,112
Proceeds from the sale of intangible assets 0 0 576
Net cash (used in) provided by investing activities (3,529) (35,377) 21,007
Cash flows from financing activities:      
Borrowings under revolving line of credit 117,000 197,500 15,500
Principal payments on revolving line of credit (164,000) (162,500) (13,500)
Proceeds from issuance of long-term debt 50,000 0 0
Principal payment of debt, related party (24,716) 0 0
Principal payments of long-term debt (1,250) 0 0
Payment of deferred purchase consideration (21,876) 0 0
Principal payments of finance leases 913    
Principal payments of finance leases   (652) (99)
Payment of debt issuance costs (891) (624) (731)
Proceeds from the sale of common stock in connection with employee stock purchase plan 863 0 1,252
Proceeds from the exercise of stock options 235 73 617
Payment of tax withholding obligations related to net share settlements of restricted stock awards (1,193) (2,024) (7,523)
Repurchase of common stock (4,536) 0 0
Net cash (used in) provided by financing activities (51,277) 31,773 (4,484)
Effect of exchange rate changes on cash and cash equivalents 70 (180) 547
Net increase (decrease) in cash and cash equivalents 949 (13,379) 25,150
Cash and cash equivalents, beginning of year 43,694 57,073 31,923
Cash and cash equivalents, end of year 44,643 43,694 57,073
Supplemental disclosure of cash flow information:      
Interest paid 4,072 2,367 317
Income taxes paid 4,665 5,505 2,290
Income tax refunds received 1,757 537 274
Supplemental disclosure of non-cash investing activities:      
Capital expenditures incurred, but not yet paid 2,566 1,127 1,043
Property and equipment acquired under finance leases 1,442 2,178 0
Business acquisition purchase consideration - common stock issued 15,186 30,000 413,982
Business acquisition purchase consideration - deferred payments 1,700 30,000 0
Business acquisition purchase consideration - assumed equity awards 0 747 0
Business acquisition purchase consideration - note issued to selling equityholders 0 0 22,500
Supplemental disclosure of non-cash financing activities:      
Total fair value of restricted stock awards, restricted stock units, performance-based stock awards and performance-based stock units on date vested $ 7,422 $ 8,312 $ 20,515