Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income (loss) $ (13,198) $ 32,361
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for losses on accounts receivable 8,704 940
Depreciation and amortization 20,859 12,820
Loss (gain) on disposal of property and equipment 14 (21)
Warranty reserve 5,307 3,273
Share-based compensation 7,223 6,957
Changes in operating assets and liabilities:    
Accounts receivable (13,660) 19,299
Inventories 6,791 (6,353)
Prepaid expenses and other assets 1,395 (13,261)
Accounts payable (9,530) (6,062)
Accrued liabilities (8,537) (6,488)
Deferred revenue (7,890) 24,994
Deferred income tax 16,770 43
Net cash provided by operating activities 14,248 68,502
Investing activities:    
Acquisition of businesses, net of cash acquired (142,592) (15,849)
Purchase of property and equipment (2,749) (2,176)
Purchase of intangible assets 0 (210)
Purchase of short-term investments 0 (25,429)
Sale of short-term investments 34,019 0
Net cash used in investing activities (111,322) (43,664)
Financing activities:    
Proceeds from stock option exercises and Employee Stock Purchase Program purchases 2,247 2,550
Repurchase of common stock (2,268) (18,257)
Taxes paid related to net share settlement of equity awards (3,685) (3,937)
Contingent consideration (2,946) (1,284)
Proceeds from borrowings 60,000 16,000
Deferred debt issuance costs (354) (533)
Payments on borrowings (45,000) (16,000)
Net cash provided by (used in) financing activities 7,994 (21,461)
Exchange rate changes effect on cash and cash equivalents 7,934 (4,773)
Net decrease in cash and cash equivalents (81,146) (1,396)
Cash and cash equivalents, beginning of period 213,551 82,469
Cash and cash equivalents, end of period 132,405 81,073
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,056 41
Cash paid for income taxes 4,312 8,024
Non-cash investing activities:    
Property and equipment included in accounts payable 57 159
Inventory transferred to property and equipment $ 935 $ 1,240