v3.19.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 3,727 $ 4,426
Operating activities:    
Net loss (17,352) (11,301)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for losses on accounts receivable 1,494 5,871
Depreciation and amortization 22,946 25,652
Loss on disposal of property and equipment 482 410
Warranty reserve 2,588 73
Share-based compensation 6,377 15,446
Impairment charge for sale of entity 24,571 0
Changes in operating assets and liabilities:    
Accounts receivable 17,290 2,955
Inventories (2,074) (5,183)
Prepaid expenses and other assets (10,643) (14,398)
Accounts payable 1,607 (3,799)
Accrued liabilities 1,073 968
Deferred revenue 2,371 1,745
Deferred income tax (2,817) 517
Net cash provided by operating activities 47,913 18,956
Investing activities:    
Acquisition of businesses, net of cash acquired 0 151
Purchase of property and equipment (3,872) (5,127)
Purchase of intangible assets (13) (637)
Net cash used in investing activities (3,885) (5,613)
Financing activities:    
Proceeds from stock option exercises and Employee Stock Purchase Program purchases 2,193 10,515
Repurchase of common stock 0 (5,629)
Taxes paid related to net share settlement of equity awards (1,596) (5,173)
Principal payments of financing lease liability (404) 0
Payment of contingent consideration related to a business combination 0 (147)
Payments on borrowings (35,000) (40,000)
Net cash used in financing activities (34,807) (40,434)
Exchange rate changes effect on cash and cash equivalents (2,532) (7,419)
Net increase (decrease) in cash and cash equivalents 6,689 (34,510)
Cash and cash equivalents, beginning of period 56,373 88,950
Cash and cash equivalents, end of period 63,062 54,440
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 4,169 7,946
Non-cash investing activities:    
Property and equipment included in accounts payable 15 82
Inventory transferred to property and equipment $ 205 $ 754

Source