| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows provided by (used in) operating activities: | ||||||||||||
Net income (loss) | ||||||||||||
-31,705 | -48,206 | -7,630 | 19,765 | 39,891 | 73,006 | 86,953 | 92,379 | 88,122 | 88,500 | 0 | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
17,094 | 14,722 | 12,320 | 9,671 | 9,548 | 9,454 | 9,199 | 8,837 | 8,312 | 7,738 | 0 | 0 | 0 |
Stock-based compensation | ||||||||||||
10,358 | 9,821 | 9,802 | 9,129 | 6,564 | 8,894 | 9,785 | 9,646 | 11,466 | 9,136 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||
22,266 | 19,641 | -17,281 | -6,643 | -15,257 | -11,517 | 945 | 210 | 10,647 | 11,422 | 0 | 0 | 0 |
Increase in provision for doubtful accounts | ||||||||||||
-693 | 560 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Excess and obsolete inventory valuation adjustment | ||||||||||||
-1,677 | -545 | 3,524 | 5,704 | 5,453 | 5,883 | -257 | -2,427 | -2,910 | -4,115 | 0 | 0 | 0 |
Gain on disposal of assets | ||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
-14,613 | -1,881 | -30,187 | -11,676 | -31,535 | -34,716 | -12,322 | 14,660 | 50,390 | 25,726 | 0 | 0 | 0 |
Inventory | ||||||||||||
-7,583 | 21,276 | 33,134 | 37,205 | 35,750 | 11,051 | -5,441 | -28,500 | -37,067 | -21,859 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||||||
2,189 | 3,679 | 1,740 | 2,491 | 2,908 | 1,084 | -1,019 | -872 | -1,532 | -3,519 | 0 | 0 | 0 |
Prepaid income taxes | ||||||||||||
0 | - | - | -345 | 174 | 146 | -300 | 7,593 | 2,682 | -486 | 0 | 0 | 0 |
Accounts payable | ||||||||||||
-8,739 | 1,554 | -5,669 | -6,838 | 3,718 | 4,197 | 14,528 | 11,576 | 7,912 | -6,475 | 0 | 0 | 0 |
Accrued expenses and other current liabilities | ||||||||||||
-7,860 | -7,827 | -4,771 | 4,850 | 5,115 | 6,124 | 13,123 | 12,207 | 13,081 | 10,243 | 0 | 0 | 0 |
Accrued income taxes | ||||||||||||
303 | 2,724 | -953 | -3,602 | -4,245 | -3,088 | 1,729 | 5,172 | 9,503 | -3,212 | 0 | 0 | 0 |
Deferred revenue | ||||||||||||
-16,637 | -9,498 | -6,376 | -8,185 | -352 | -5,087 | -14,945 | -8,404 | -10,115 | -25,631 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||||||||
896 | -39,022 | -28,627 | -14,943 | 33,553 | 98,545 | 140,056 | 156,355 | 132,735 | 95,008 | 0 | 0 | 0 |
Cash flows used in investing activities: | ||||||||||||
Purchases of property and equipment | ||||||||||||
7,146 | 8,591 | 8,467 | 7,229 | 7,262 | 7,966 | 8,535 | 7,865 | 7,695 | 7,014 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||||||
-116,577 | -118,022 | -117,898 | -7,229 | -7,262 | -7,966 | -8,535 | -7,865 | 6,894 | 7,575 | 0 | 0 | 0 |
Cash flows used in financing activities: | ||||||||||||
Principal repayments of debt | ||||||||||||
6,822 | 6,820 | 6,820 | 3,309 | 3,306 | 3,304 | 3,300 | 3,298 | 3,295 | 3,292 | 0 | 0 | 0 |
Proceeds from exercise of stock options | ||||||||||||
1,501 | 2,687 | 3,173 | 6,751 | 15,553 | 14,730 | 14,105 | 10,261 | 909 | 274 | 0 | 0 | 0 |
Payments of initial public offering costs | ||||||||||||
- | - | - | - | - | 1,148 | 2,021 | 2,021 | 2,115 | 2,384 | 0 | 0 | 0 |
Employee taxes paid related to net share settlement of equity awards | ||||||||||||
464 | 1,009 | 0 | 0 | 0 | - | - | - | - | 4,046 | 0 | 0 | 0 |
Payments of dividends and equitable adjustments | ||||||||||||
2,005 | 2,590 | 3,228 | 3,929 | 5,845 | 7,325 | 54,919 | 54,967 | 152,136 | 246,634 | 0 | 0 | 0 |
Repurchases of common stock | ||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||||
-12,583 | -9,527 | -37,287 | -76,606 | -66,078 | -68,351 | -4,873 | 36,949 | -73,474 | -172,661 | 0 | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
-1,395 | -378 | -968 | -963 | -1,872 | -1,442 | -805 | 578 | 2,318 | 1,344 | 0 | 0 | 0 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||||
-129,659 | -166,949 | -184,780 | -99,741 | -41,659 | 20,786 | 125,843 | 186,017 | 68,473 | -68,734 | 0 | 0 | 0 |
Supplemental disclosures of cash flow information: | ||||||||||||
Cash paid for interest | ||||||||||||
18,397 | 18,885 | 19,374 | 19,053 | 18,739 | 18,348 | 17,519 | 16,975 | 16,292 | 16,275 | 0 | 0 | 0 |
Cash paid for income taxes | ||||||||||||
3,840 | 4,334 | 6,060 | 6,571 | 7,898 | 7,268 | 15,345 | 14,755 | 12,030 | 26,297 | 0 | 0 | 0 |
Supplemental disclosures of non-cash operating, investing and financing activities: | ||||||||||||
Purchases of property and equipment included in accounts payable | ||||||||||||
1,748 | 727 | 803 | 2,508 | 1,826 | 1,255 | 1,080 | 1,109 | 522 | 1,018 | 0 | 0 | 0 |
Prepaid expenses and other current assets included in accounts payable | ||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - | 0 | 0 |
Deferred offering costs included in accounts payable and accrued expenses and other current liabilities | ||||||||||||
- | - | - | - | - | - | - | - | 989 | 1,193 | 0 | 0 | 0 |
Unpaid equitable adjustments included in accrued expenses and other current liabilities | ||||||||||||
-1,289 | 731 | 108 | -592 | -2,509 | 3,336 | 5,672 | 5,623 | 8,311 | 10,661 | 0 | 0 | 0 |
Release of customer incentives included in accounts receivable and accrued expenses and other current liabilities | ||||||||||||
- | 5,735 | 7,846 | 8,228 | 8,191 | 8,556 | 7,852 | 7,985 | 8,603 | 15,468 | 0 | 0 | 0 |
Fair value of cash flow hedges | ||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - |