XML 21 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ (1,568) $ 19,860
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 870 863
Amortization of software and intangible assets 920 857
Amortization of debt issuance costs 77 137
Share-based compensation 2,420 1,410
Deferred income taxes (1,373) (6,367)
Provision for inventory excess and obsolescence 52 (709)
Other 81 (31)
Change in assets and liabilities:    
Receivables 6,152 (11,700)
Inventories (6,485) 3,236
Prepaid expenses (578) (3,099)
Accounts payable (12,109) (6,777)
Accrued employee compensation (10,276) (6,003)
Accrued liabilities 2,129 2,221
Other assets and liabilities 463 (1,460)
Net cash used in operating activities (19,225) (7,562)
Cash flows from investing activities:    
Purchase of property and equipment (714) (814)
Purchase of software (1,068) (798)
Net cash used in investing activities (1,782) (1,612)
Cash flows from financing activities:    
Repayment of term loan   (2,500)
Taxes paid from shares withheld (42) (1,563)
Proceeds from share option exercises 146 1,971
Net cash (used in) provided by financing activities 104 (2,092)
Effect of exchange rate on cash 9 (24)
Net decrease in cash (20,894) (11,290)
Cash, beginning of period 59,291 62,472
Cash, end of period 38,397 51,182
Supplemental disclosure of cash flow information:    
Income taxes paid 116 92
Interest paid $ 95 $ 773