|
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
| Operating Activities |
|
|
| Net loss |
$ (8,671) |
$ (17,332) |
| Adjustments to reconcile net loss to cash used in operating activities: |
|
|
| Amortization and depreciation |
2,561 |
2,294 |
| Amortization of investment premiums, net |
807 |
894 |
| Stock-based compensation |
7,165 |
5,206 |
| Deferred income taxes |
|
6,668 |
| Gain on sale of available-for-sale securities |
|
(9) |
| Write down of long-lived assets |
71 |
29 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(5,858) |
(5,338) |
| Inventory |
(864) |
(1,803) |
| Prepaid and other assets |
(30) |
183 |
| Accounts payable and accrued expenses |
8,969 |
7,263 |
| Amounts due to related party |
|
(1,746) |
| Accrued compensation |
3,892 |
623 |
| Deferred revenue and deferred profit |
(1,688) |
(2,825) |
| Other long-term liabilities |
(172) |
721 |
| Net cash provided by (used in) operating activities |
6,182 |
(5,172) |
| Investing Activities |
|
|
| Purchases of property and equipment |
(3,026) |
(2,187) |
| Purchases of intangible assets |
(390) |
|
| Purchases of available-for-sale securities |
(66,369) |
(70,967) |
| Maturities of available-for-sale securities |
69,900 |
98,575 |
| Net cash provided by investing activities |
115 |
25,421 |
| Financing Activities |
|
|
| Payments on capital leases |
(30) |
(58) |
| Repurchases of common stock |
(9,236) |
|
| Net proceeds from issuance of common stock |
1,570 |
1,755 |
| Net cash provided by (used in) financing activities |
(7,696) |
1,697 |
| Effect of exchange rate changes on cash and cash equivalents |
7 |
12 |
| Increase (decrease) in cash and cash equivalents |
(1,392) |
21,958 |
| Cash and cash equivalents at beginning of period |
28,026 |
21,563 |
| Cash and cash equivalents at end of period |
$ 26,634 |
$ 43,521 |