v3.21.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income (loss) $ 2,396 $ (3,597)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for losses on accounts receivable 101 522
Depreciation and amortization 7,257 6,994
Loss on disposal of property and equipment 8 42
Warranty reserve 341 704
Share-based compensation 3,114 2,291
Impairment of intangible assets 6 295
Loss on equity method investment 136 0
Changes in operating assets and liabilities:    
Accounts receivable 4,962 15,612
Inventories 4,139 (3,443)
Prepaid expenses and other assets (4,028) (1,060)
Accounts payable 1,303 6,038
Accrued liabilities 1,172 (9,329)
Deferred revenue 2,732 2,190
Deferred income tax 1,064 103
Net cash provided by operating activities 24,703 17,362
Investing activities:    
Purchase of property and equipment (731) (3,575)
Net cash used in investing activities (731) (3,575)
Financing activities:    
Repurchase of common stock 0 (10,495)
Taxes paid related to net share settlement of equity awards (1,150) (1,883)
Principal payments of financing lease liability (125) (133)
Proceeds from borrowings 0 60,000
Payments on borrowings (20,000) (15,000)
Net cash provided by (used in) financing activities (21,275) 32,489
Exchange rate changes effect on cash and cash equivalents (4,230) (2,557)
Net increase (decrease) in cash and cash equivalents (1,533) 43,719
Cash and cash equivalents, beginning of period 82,082 63,297
Cash and cash equivalents, end of period 80,549 107,016
Supplemental disclosure of cash flow information:    
Cash paid for interest 513 637
Cash paid for income taxes (320) 3,492
Non-cash investing activities:    
Property and equipment included in accounts payable 39 131
Inventory transferred to property and equipment 94 196
Transfer of leased assets to sales-type leases $ 13 $ 663

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