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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income (loss) $ 486 $ (612)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 351 332
Stock-based compensation 3,944 3,282
Amortization of discounts and premiums on marketable securities (287) (906)
Intangible asset amortization 370 380
Deferred income taxes 879 0
Other non-cash adjustments, net 314 317
Changes in operating assets and liabilities:    
Accounts receivable (2,905) 2,434
Prepaid expenses and other assets (3,524) 247
Inventory 76 (44)
Accounts payable and other liabilities (1,795) 3,507
Product revenue allowances 1,184 706
Net cash provided by (used in) operating activities (907) 9,643
Cash flows from investing activities    
Purchases of property and equipment (373) (393)
Purchases of marketable securities (41,400) (100,803)
Maturities of marketable securities 62,073 64,745
Net cash provided by (used in) investing activities 20,300 (36,451)
Cash flows from financing activities    
Proceeds from the exercise of stock options 479 179
Net cash provided by financing activities 479 179
Effect of exchange rate changes on cash, cash equivalents and restricted cash 5 2
Net change in cash, cash equivalents and restricted cash 19,877 (26,627)
Cash, cash equivalents and restricted cash    
Beginning of period 45,650 61,749
End of period $ 65,527 $ 35,122