Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net loss $ (11,301) $ (13,198)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for losses on accounts receivable 5,871 8,704
Depreciation and amortization 25,652 20,859
Loss on disposal of property and equipment 410 14
Warranty reserve 73 5,307
Share-based compensation 15,446 7,223
Changes in operating assets and liabilities:    
Accounts receivable 2,955 (13,660)
Inventories (5,183) 6,791
Prepaid expenses and other assets (14,398) 1,395
Accounts payable (3,799) (9,530)
Accrued liabilities 968 (8,537)
Deferred revenue 1,745 (7,890)
Deferred income tax 517 16,770
Net cash provided by operating activities 18,956 14,248
Investing activities:    
Acquisition of businesses, net of cash acquired 151 (142,592)
Purchase of property and equipment (5,127) (2,749)
Purchase of intangible assets (637) 0
Sale of short-term investments 0 34,019
Net cash used in investing activities (5,613) (111,322)
Financing activities:    
Proceeds from stock option exercises and Employee Stock Purchase Program purchases 10,515 2,247
Repurchase of common stock (5,629) (2,268)
Taxes paid related to net share settlement of equity awards (5,173) (3,685)
Payment of contingent consideration related to a business combination (147) (2,946)
Proceeds from borrowings 0 60,000
Deferred debt issuance costs 0 (354)
Payments on borrowings (40,000) (45,000)
Net cash provided by (used in) financing activities (40,434) 7,994
Exchange rate changes effect on cash and cash equivalents (7,419) 7,934
Net decrease in cash and cash equivalents (34,510) (81,146)
Cash and cash equivalents, beginning of period 88,950 213,551
Cash and cash equivalents, end of period 54,440 132,405
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,426 3,056
Cash paid for income taxes 7,946 4,312
Non-cash investing activities:    
Property and equipment included in accounts payable 82 57
Inventory transferred to property and equipment $ 754 $ 935