| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net (loss) income | ||||||||||
-62,147 | 4,930 | -14,516 | 11,107 | 12,813 | 33,649 | 21,509 | 22,998 | 23,377 | 11,068 | -10,582 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
18,516 | 18,313 | 16,588 | 13,868 | 11,217 | 7,428 | 7,038 | 6,976 | 6,712 | 6,326 | 5,530 |
Stock-based compensation | ||||||||||
11,071 | 7,620 | 6,450 | 5,374 | 4,306 | 4,678 | 4,367 | 4,018 | 2,727 | 2,392 | 2,449 |
Provisions for bad debts, net of recoveries | ||||||||||
2,090 | 907 | 370 | 898 | 346 | -306 | 1,001 | -23 | 2,169 | 2,408 | 1,852 |
Loss on disposal of assets | ||||||||||
-2,639 | -192 | -451 | -860 | -947 | 0 | - | - | - | - | - |
Provision for excess and obsolete inventory | ||||||||||
16,886 | 5,757 | 1,734 | 4,134 | 10,878 | 3,272 | 1,167 | 1,978 | - | - | - |
Impairment of goodwill | ||||||||||
21,233 | 0 | 0 | - | - | - | - | - | - | - | - |
Impairment of acquired intangibles | ||||||||||
10,548 | 0 | 0 | - | - | - | - | - | - | - | - |
Impairment of loan to affiliate | ||||||||||
549 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred income tax (benefit) expense | ||||||||||
6,304 | -689 | 1,740 | 2,002 | 655 | 4,707 | -645 | 2,016 | 672 | 693 | -1,986 |
Income tax benefit from exercise of stock options | ||||||||||
- | - | - | 357 | 313 | 169 | 969 | 1,135 | -1,593 | -133 | -4 |
Change in operating assets and liabilities: | ||||||||||
Decrease (Increase) in: | ||||||||||
Accounts receivable | ||||||||||
-10,406 | 15,995 | 6,766 | -6,727 | -9,584 | 24,587 | 4,053 | 4,840 | 8,979 | 13,018 | -5,769 |
Inventories | ||||||||||
4,136 | 20,532 | 10,926 | 6,729 | 18,021 | 21,995 | 1,286 | 2,822 | 27,329 | 6,273 | -8,301 |
Prepaid expenses and other current assets | ||||||||||
-1,188 | 11,310 | 253 | -3,588 | 2,834 | 3,501 | 3,346 | 1,870 | 1,417 | 2,172 | -1,964 |
(Decrease) Increase in: | ||||||||||
Accounts payable and accrued liabilities | ||||||||||
-2,518 | 11,195 | 1,103 | 534 | -6,401 | 8,867 | 6,108 | -3,079 | 4,644 | 10,435 | -7,891 |
Income taxes payable | ||||||||||
1,041 | -3,286 | 20,011 | 618 | 0 | -1,560 | -2,028 | 3,497 | 2,998 | 829 | -1,749 |
Customer deposits | ||||||||||
- | - | - | - | 1,114 | -724 | 353 | -1,374 | 668 | 1,474 | 1,736 |
Net cash provided by operating activities | ||||||||||
32,468 | 6,323 | 10,355 | 37,583 | 28,032 | 5,658 | 34,278 | 27,873 | 8,689 | 14,981 | 8,965 |
Investing activities: | ||||||||||
Purchases of investments | ||||||||||
50,000 | 33,000 | 65,000 | 0 | 22,001 | 0 | - | - | - | - | 81,965 |
Purchases of short-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | - | 64,986 |
Purchases of property and equipment | ||||||||||
6,675 | 11,021 | 8,970 | 7,720 | 14,169 | 18,722 | 4,350 | 3,843 | 4,474 | 4,047 | 3,387 |
Payments for intangible assets | ||||||||||
2,118 | 1,900 | 2,377 | 1,657 | 2,140 | 1,221 | 2,204 | 1,361 | 890 | 979 | 670 |
Other | ||||||||||
549 | 1,786 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of businesses | ||||||||||
0 | 27,067 | 5,596 | 27,708 | 12,066 | 1,150 | - | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||||||
-9,342 | -55,774 | 15,057 | -37,085 | -6,374 | -21,093 | -6,554 | -5,204 | -5,364 | -5,026 | 12,922 |
Financing activities: | ||||||||||
Proceeds from notes payable | ||||||||||
- | - | - | - | - | - | - | - | - | 2,490 | - |
Payments on notes payable | ||||||||||
- | - | - | - | - | - | - | - | - | 2,490 | - |
Payments on finance leases | ||||||||||
358 | 157 | 108 | 8 | 8 | 8 | 93 | 132 | 163 | 84 | 88 |
Payments of contingent consideration for acquisitions | ||||||||||
3,101 | 888 | 521 | 774 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of stock related to stock option exercises | ||||||||||
7,901 | 20,855 | 3,594 | 674 | 2,287 | 3,369 | 5,444 | 6,162 | 9,150 | 1,405 | 83 |
Repurchase of common stock | ||||||||||
- | - | - | - | 22,763 | 0 | - | - | - | - | 8,829 |
Payments for taxes related to net share settlement of equity awards | ||||||||||
-2,199 | 0 | 0 | 357 | 313 | 169 | 969 | 1,135 | 1,593 | 133 | 4 |
Net cash provided by (used in) financing activities | ||||||||||
2,243 | 19,810 | 2,965 | 249 | -20,171 | 3,530 | 6,320 | 7,165 | 10,580 | 1,454 | -8,830 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-518 | -2,536 | 6,414 | -1,934 | -3,420 | -3,436 | -2,647 | -1,141 | -87 | 4,235 | -1,473 |
Increase (decrease) in cash and cash equivalents | ||||||||||
- | - | - | -1,187 | -1,933 | -15,341 | 31,397 | 28,693 | 13,818 | 15,644 | 11,584 |
Increase in cash and cash equivalents | ||||||||||
24,851 | -32,177 | 34,791 | - | - | - | - | - | - | - | - |
Customer deposits | ||||||||||
Increase (decrease) in contract with customer, liability | ||||||||||
-30 | 513 | -461 | -1,310 | - | - | - | - | - | - | - |
Unearned service revenues | ||||||||||
-30 | 513 | -461 | - | 5,051 | 5,313 | 3,772 | 5,565 | 5,384 | 2,338 | -396 |
Current portion of unearned service revenues | ||||||||||
Increase (decrease) in contract with customer, liability | ||||||||||
11,436 | 7,330 | -1,690 | 273 | - | - | - | - | - | - | - |
Unearned service revenues | ||||||||||
11,436 | 7,330 | -1,690 | - | - | - | - | - | - | - | - |