XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ (37,599) $ (30,001)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13,955 13,051
(Recoveries) provision for bad debts (15) 266
Impairment of capitalized software 0 1,197
Provision for excess and obsolete inventory 896 496
Share-based compensation expense 13,486 11,405
Amortization of debt discount and debt issuance costs 2,022 746
Fair value adjustment on derivative instrument (902) (1,823)
Loss on debt conversion and extinguishment, net 450 432
Deferred income taxes (96) 38
Finance Lease, Right-of-Use Asset, Amortization 1,070 883
Other 0 (330)
Changes in assets and liabilities, net of effects of divestiture:    
Accounts receivable 5,239 6,483
Inventories (10,148) (834)
Prepaid expenses and other assets 3,100 1,158
Accounts payable (6,207) (16,015)
Accrued expenses, income taxes, and other (1,740) 2,180
Increase (Decrease) in Operating Lease Liability (1,109) (1,362)
Net cash used in operating activities (17,598) (12,030)
Cash flows from investing activities:    
Acquisition of noncontrolling interest 0 (116)
Purchases of property, plant and equipment (1,059) (2,455)
Proceeds from the sale of property, plant and equipment 0 506
Additions to capitalized software development costs (6,222) (15,369)
Net cash used in investing activities (7,281) (17,434)
Cash flows from financing activities:    
Net borrowing of bank and overdraft facilities (139) 295
Principal payments under finance lease obligations (62) (2,173)
Proceeds from a public offering, net of issuance costs 0 29,369
Principal payments on financed assets (1,231) 0
Proceeds from stock option exercises and employee stock purchase plan, net of taxes paid on vested restricted stock units 115 2,020
Net cash (used in) provided by financing activities (1,317) 29,511
Effect of exchange rates on cash 744 321
Net (decrease) increase in cash, cash equivalents and restricted cash (25,452) 368
Cash, cash equivalents and restricted cash, beginning of period 49,812 40,015
Cash, and cash equivalents, and restricted cash, end of period 24,360 40,383
Cash paid during the year for:    
Interest 2,631 2,782
Income taxes 26 252
Supplemental disclosures of non-cash activities:    
Transfer of inventories to rental assets 134 3,403
Capital expenditures financed through accounts payable or accrued liabilities 3,228 3,641
Right-of-use assets obtained in exchange for operating leases liabilities 158 148
2025 Notes conversion, including shares issued in satisfaction of interest make-whole payment $ 0 $ 5,383