v3.21.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income (loss) $ 11,433 $ (21,816)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for losses on accounts receivable 273 1,158
Impairment of intangible assets 0 6,678
Depreciation and amortization 21,337 20,989
(Gain) loss on disposal of property and equipment (1,516) 149
Warranty reserve 1,523 1,129
Share-based compensation 8,271 7,059
Loss on commencement of sales-type leases 3 1,861
Loss on equity method investment 443 0
Changes in operating assets and liabilities:    
Accounts receivable (428) 30,367
Inventories 3,655 (6,417)
Prepaid expenses and other assets (3,878) (11,078)
Accounts payable 5,229 (19)
Accrued liabilities (822) (13,844)
Deferred revenue 4,629 (941)
Deferred income tax 1,060 1,826
Net cash provided by operating activities 51,212 17,101
Investing activities:    
Purchase of property and equipment (2,949) (7,617)
Purchase of equity method investments (1,000) 0
Proceeds from sale of property and equipment 2,674 0
Net cash used in investing activities (1,275) (7,617)
Financing activities:    
Proceeds from stock option exercises and Employee Stock Purchase Program purchases 612 658
Repurchase of common stock 0 (10,495)
Taxes paid related to net share settlement of equity awards (1,254) (1,936)
Principal payments of financing lease liability (326) (415)
Proceeds from borrowings 0 60,000
Deferred debt issuance costs 0 (1,175)
Payments on borrowings (57,000) (48,000)
Net cash used in financing activities (57,968) (1,363)
Exchange rate changes effect on cash and cash equivalents (5,272) 3,118
Net increase (decrease) in cash and cash equivalents (13,303) 11,239
Cash and cash equivalents, beginning of period 82,082 63,297
Cash and cash equivalents, end of period 68,779 74,536
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,065 2,605
Cash paid for income taxes 3,172 6,489
Non-cash investing activities:    
Property and equipment included in accounts payable 41 (59)
Inventory transferred to property and equipment 805 899
Transfer of leased assets to sales-type leases $ 13 $ 4,063

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