v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net loss $ (16,613) $ (15,671) $ (22,935)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Provision for losses on accounts receivable 1,190 4,262 6,909
Depreciation and amortization 28,115 30,722 33,863
Sales-type Lease, Selling Profit (Loss) 1,881 0 0
Loss on equity method investment adjustment 133 0 0
Loss on disposal of property and equipment 268 449 746
Impairment of intangible assets 6,678 0 8,192
Impairment charge for sale of entity 0 24,571 0
Goodwill impairment charge 0 0 14,846
Warranty reserve 2,009 2,886 2,168
Stock-based compensation 9,566 8,352 17,051
Non cash lease expense 1,353 0 0
Deferred taxes (1,577) (5,364) (13,714)
Changes in operating assets and liabilities, net of assets and liabilities acquired in acquisitions:      
Accounts receivable 17,651 7,139 (5,199)
Inventories 1,939 7,185 (7,443)
Other assets (1,055) (2,486) (5,118)
Accounts payable (4,523) (1,367) 4,105
Accrued liabilities (13,427) (4,010) (2,527)
Deferred revenue 838 3,392 2,076
Net cash provided by operating activities 34,426 60,060 33,020
Investing activities:      
Acquisition of businesses, net of cash acquired (1,997) 0 151
Acquisition of property and equipment (8,609) (5,326) (7,875)
Acquisition of intangible assets 0 (13) (665)
Purchases of equity investments (2,000) 0 0
Net cash used in investing activities (12,606) (5,339) (8,389)
Financing activities:      
Proceeds from stock option exercises and ESPP 1,314 3,635 11,448
Finance Lease, Principal Payments (527) (478) 0
Repurchase of company stock (10,495) 0 (5,630)
Taxes paid related to net share settlement of equity awards (1,994) (1,689) (5,183)
Proceeds from long-term borrowings 60,000 0 0
Deferred debt issuance costs (1,175) 0 0
Contingent consideration earn-out 0 0 (147)
Payments on borrowings (58,000) (50,000) (50,000)
Net cash used in financing activities (10,877) (48,532) (49,512)
Exchange rate effect on cash and cash equivalents 7,842 735 (7,696)
Net increase (decrease) in cash and cash equivalents 18,785 6,924 (32,577)
Cash and cash equivalents, beginning of year 63,297 56,373 88,950
Cash and cash equivalents, end of year 82,082 63,297 56,373
Supplemental disclosure of cash flow information:      
Cash paid for interest 3,110 4,580 6,169
Cash paid for income taxes 6,825 6,445 9,247
Non-cash investing activities:      
Property and equipment included in accounts payable (51) 69 167
Inventory transferred to property and equipment 1,303 300 1,211
Transfer of leased assets to sales-type leases $ 4,107 $ 0 $ 0

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