CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2019 |
Mar. 31, 2018 |
| Operating activities |
|
|
| Net income (loss) |
$ (1,970)
|
$ 966
|
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
| Depreciation expense |
1,109
|
969
|
| Amortization of intangible assets |
1,620
|
1,446
|
| Loss on disposal of fixed assets |
|
14
|
| Provision for doubtful accounts |
8
|
71
|
| Investment discount and premium amortization, net |
(169)
|
(83)
|
| Stock-based compensation |
3,529
|
3,335
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable, net |
2,064
|
3,235
|
| Inventories |
(1,741)
|
(2,003)
|
| Prepaid expenses and other current assets |
(3,034)
|
(916)
|
| Other assets |
1,784
|
194
|
| Accounts payable |
(3,887)
|
(3,923)
|
| Accrued liabilities |
(3,395)
|
(3,083)
|
| Deferred revenue |
25
|
163
|
| Other long-term liabilities |
(650)
|
84
|
| Net cash provided by (used in) operating activities |
(4,707)
|
469
|
| Investing activities |
|
|
| Purchases of available-for-sale investments |
(27,171)
|
(19,501)
|
| Proceeds from sales of available-for-sale investments |
1,800
|
1,000
|
| Proceeds from maturities of available-for-sale investments |
26,399
|
18,200
|
| Purchases of property and equipment |
(1,171)
|
(892)
|
| Business acquisitions, net of cash acquired |
(11,695)
|
|
| Net cash used in investing activities |
(11,838)
|
(1,193)
|
| Financing activities |
|
|
| Proceeds from exercise of options for common stock |
310
|
2,089
|
| Payments for withholding taxes related to net share settlement of equity awards |
(1,847)
|
(3,614)
|
| Repurchase of common stock |
(2,522)
|
(7,448)
|
| Payment of debt issuance costs |
|
(113)
|
| Net cash used in financing activities |
(4,059)
|
(9,086)
|
| Effect of exchange rate changes on cash and cash equivalents |
42
|
48
|
| Net change in cash and cash equivalents |
(20,562)
|
(9,762)
|
| Unrestricted and restricted cash and cash equivalents at beginning of period |
40,654
|
30,034
|
| Unrestricted and restricted cash and cash equivalents at end of period |
20,092
|
20,272
|
| Supplemental disclosure of cash flow information |
|
|
| Cash paid for interest |
81
|
25
|
| Cash paid for taxes |
184
|
167
|
| Supplemental schedule of non-cash investing and financing activities |
|
|
| Settlement of accounts receivable and other assets in business combinations |
4,250
|
|
| Business acquisitions holdback liability |
1,310
|
|
| Purchases of property and equipment financed by accounts payable |
61
|
207
|
| Net unrealized gains (losses) on available-for-sale investments |
$ 55
|
$ (64)
|