| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
15,525 | 33,475 | 5,313 | 4,357 | -9,286 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
17,861 | 14,521 | 13,152 | 10,289 | - | ||
Amortization of intangible assets | ||||||
- | - | - | - | 7,552 | ||
Depreciation of property and equipment | ||||||
- | - | - | - | 392 | ||
Stock-based compensation expense | ||||||
16,821 | 13,474 | 7,149 | 503 | 287 | ||
Amortization of debt issuance costs and discount on debt | ||||||
792 | 810 | 1,281 | 1,070 | 994 | ||
Deferred income taxes | ||||||
-939 | -13,434 | -7,575 | -3,933 | -4,276 | ||
Debt prepayment penalty | ||||||
0 | 0 | -2,736 | 0 | - | ||
Loss/(gain) on foreign currency forward contracts | ||||||
0 | 0 | 10,702 | -4,741 | -5,961 | ||
Loss on disposal of fixed assets | ||||||
- | - | - | -571 | -71 | ||
Compensation expense paid to seller | ||||||
- | - | - | - | 5,380 | ||
Other, net | ||||||
476 | 1,728 | 247 | 512 | 341 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-7,649 | 8,001 | 15,392 | -4,448 | 10,980 | ||
Inventories | ||||||
-16,338 | -6,718 | 37,994 | 2,147 | 4,752 | ||
Prepaid expenses and other assets | ||||||
8,484 | 11,200 | 635 | -943 | 2,146 | ||
Accounts payable and accrued expenses | ||||||
-10,251 | -25,483 | 43,144 | 3,532 | 1,904 | ||
Other liabilities | ||||||
-206 | -230 | 1,396 | -367 | 232 | ||
Due to related parties | ||||||
- | - | - | - | -89 | ||
Net cash provided by operating activities | ||||||
55,582 | 12,378 | 2,120 | 24,519 | -8,415 | ||
Cash flows from investing activities: | ||||||
Acquisition, net of cash acquired | ||||||
- | - | - | - | 237,891 | ||
Purchase of property and equipment | ||||||
8,872 | 7,544 | 9,223 | 10,142 | 1,597 | ||
Investment in equity securities | ||||||
0 | 2,875 | 0 | 0 | - | ||
Other, net | ||||||
0 | 0 | -84 | 100 | - | ||
Net cash used in investing activities | ||||||
-8,872 | -10,419 | -9,139 | -10,242 | -239,488 | ||
Cash flows from financing activities: | ||||||
Proceeds from revolving line of credit | ||||||
2,000 | 25,900 | 5,500 | 27,150 | 15,250 | ||
Repayment of revolving line of credit | ||||||
2,000 | 25,900 | 13,200 | 29,100 | 5,600 | ||
Proceeds from long-term debt | ||||||
0 | 0 | 172,749 | 0 | 145,000 | ||
Repayment of long-term debt | ||||||
8,250 | 8,250 | 151,540 | 2,625 | 1,969 | ||
Debt issuance costs paid | ||||||
0 | 519 | 704 | 0 | 5,251 | ||
Cash received from issuance of common stock | ||||||
3,176 | 1,978 | 64,071 | 25 | 100 | ||
Proceeds from repayment of employee note receivable | ||||||
0 | 0 | 7,912 | 0 | - | ||
Cash received from issuance of preferred stock | ||||||
- | - | - | - | 105,041 | ||
Deferred offering costs paid | ||||||
0 | 0 | 7,821 | 391 | - | ||
Dividend paid | ||||||
0 | 0 | 68,000 | 0 | - | ||
Other, net | ||||||
-490 | -404 | -657 | 0 | - | ||
Net cash used in financing activities | ||||||
-5,564 | -7,195 | 8,310 | -4,941 | 252,571 | ||
Net increase in cash and cash equivalents | ||||||
41,146 | -5,236 | 1,291 | 9,336 | 4,668 | ||
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest | ||||||
7,124 | 8,162 | 12,170 | 11,617 | 10,544 | ||
Cash paid for income taxes, net of refunds | ||||||
4,085 | 5,673 | 8,466 | 7,790 | 3,948 | ||
Supplemental disclosure of noncash investing and financing activities: | ||||||
Accretion of preferred stock to maximum redemption value | ||||||
0 | 0 | 436,317 | 51,967 | 10,287 | ||
Deferred offering costs included in accounts payable and accrued expenses | ||||||
0 | 0 | 193 | 829 | - | ||
Property and equipment acquired under capital leases | ||||||
2,098 | 10 | 3,000 | 0 | - | ||
Property and equipment purchases included in accounts payable and accrued expenses | ||||||
1,838 | 1,143 | 491 | 200 | - | ||
Vesting of shares related to early exercise of common stock options | ||||||
0 | 4,074 | 7,859 | 0 | - | ||
Note receivable issued to finance early exercise of common stock | ||||||
0 | 0 | 11,971 | 0 | - | ||
Net repayment of note receivable with dividend proceeds | ||||||
0 | 0 | 4,060 | 0 | - | ||