|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Operating activities |
|
|
| Net loss |
$ (4,231) |
$ (539) |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation expense |
603 |
608 |
| Amortization of intangible assets |
325 |
98 |
| Provision for doubtful accounts |
71 |
59 |
| Stock-based compensation |
1,849 |
1,247 |
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
1,716 |
(603) |
| Inventories |
(3,389) |
(1,783) |
| Prepaid expenses and other current assets |
(375) |
(246) |
| Other assets |
47 |
(23) |
| Accounts payable |
519 |
1,038 |
| Accrued liabilities |
(1,049) |
(1,408) |
| Deferred revenue |
86 |
122 |
| Other long-term liabilities |
(347) |
(17) |
| Net cash used in operating activities |
(4,175) |
(1,447) |
| Investing activities |
|
|
| Purchases of available-for-sale investments |
(25,500) |
(59,775) |
| Proceeds from sales of available-for-sale investments |
|
1,043 |
| Proceeds from maturities of available-for-sale investments |
24,095 |
|
| Purchases of property and equipment |
(808) |
(389) |
| Business acquisitions, net of cash acquired |
(8,380) |
|
| Net cash used in investing activities |
(10,593) |
(59,121) |
| Financing activities |
|
|
| Proceeds from exercise of options for common stock |
491 |
3,199 |
| Repayment of notes payable |
(267) |
(297) |
| Net cash provided by financing activities |
224 |
2,902 |
| Effect of exchange rate changes on cash and cash equivalents |
(6) |
5 |
| Net decrease in cash and cash equivalents |
(14,550) |
(57,661) |
| Cash and cash equivalents at beginning of period |
29,187 |
84,546 |
| Cash and cash equivalents at end of period |
14,637 |
26,885 |
| Supplemental disclosure of cash flow information |
|
|
| Cash paid for interest |
36 |
39 |
| Cash paid for taxes |
66 |
93 |
| Supplemental schedule of non-cash investing and financing activities |
|
|
| Landlord paid tenant improvements |
53 |
|
| Net unrealized gains (losses) on available-for-sale investments |
$ 40 |
$ (33) |