| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net (loss) income | ||||||||||
1,910 | 45,096 | 32,909 | 44,035 | 2,905 | -31,118 | -14,146 | 4,465 | 28,685 | 55,948 | -16,305 |
Adjustments to reconcile net income to net cash and cash equivalents provided by (used in) operating activities: | ||||||||||
Amortization of intangibles | ||||||||||
10,445 | 1,534 | 1,940 | - | - | - | - | - | - | - | - |
Depreciation | ||||||||||
5,965 | 4,848 | 3,990 | - | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
- | - | - | 8,295 | 9,075 | 9,767 | 8,787 | 8,137 | 4,983 | 4,395 | 6,092 |
Asset impairment | ||||||||||
- | - | - | - | - | - | - | - | - | 463 | 1,899 |
Share-based compensation | ||||||||||
10,585 | 6,062 | 5,670 | 7,666 | 6,248 | 6,752 | 7,674 | 5,890 | 4,473 | 2,950 | 2,054 |
Acquired inventory step-up amortization | ||||||||||
15,370 | - | - | - | - | - | - | - | - | - | - |
Provision for doubtful accounts and inventory valuation | ||||||||||
11,202 | 3,335 | 3,608 | - | - | - | - | - | - | - | - |
Excess tax benefit from equity awards | ||||||||||
- | - | - | 1,036 | - | - | 53 | 910 | 3,915 | 801 | 0 |
Disposal of fixed assets | ||||||||||
- | - | - | -478 | -1,121 | -249 | -177 | -303 | -113 | 140 | -82 |
Inventory write-down | ||||||||||
- | - | - | 2,110 | 2,645 | 2,897 | 7,579 | 3,519 | 3,421 | 2,920 | 376 |
Deferred income taxes | ||||||||||
-4,116 | 2,163 | 17,207 | -16,783 | 345 | 17,915 | -6,889 | 2,752 | 3,770 | -17,233 | -426 |
Other, net | ||||||||||
-2,098 | -1,265 | -590 | - | - | - | - | - | - | 523 | -939 |
Changes in fair value of contingent payments to Zygo Corporation | ||||||||||
- | - | - | -1,175 | -56 | 201 | 1,325 | 129 | 413 | 467 | 596 |
Change in operating assets and liabilities net of assets acquired and liabilities assumed in merger: | ||||||||||
Accounts receivable | ||||||||||
9,721 | -706 | -430 | 2,707 | 12,610 | -3,861 | 10,376 | -7,733 | -16,172 | 20,996 | 5,971 |
Income taxes | ||||||||||
-7,648 | -1,056 | 4,727 | - | - | - | - | - | - | - | - |
Inventories | ||||||||||
9,338 | 31,545 | 4,218 | -4,526 | 16,431 | 7,173 | 7,024 | -1,383 | 12,169 | 14,495 | -1,572 |
Inventories-delivered systems | ||||||||||
- | - | - | -399 | 943 | -4,988 | 4,627 | 758 | -446 | -244 | 975 |
Prepaid expenses and other assets | ||||||||||
5,079 | 3,101 | 1,686 | -905 | -3,271 | -2,303 | 1,855 | -1,114 | 4,747 | 398 | 113 |
Accounts payable | ||||||||||
-12,138 | 3,512 | 3,198 | - | - | - | - | - | - | - | - |
Accrued and other liabilities | ||||||||||
-6,685 | 163 | 5,260 | - | - | - | - | - | - | - | - |
Accounts payable, accrued and other liabilities | ||||||||||
- | - | - | 2,462 | 4,167 | 1,790 | 4,840 | -12,567 | 4,241 | 11,533 | 775 |
Deferred revenue | ||||||||||
- | - | - | -3,634 | 1,006 | -12,855 | 12,717 | 2,472 | 3,088 | 1,414 | 3,941 |
Income taxes payable | ||||||||||
- | - | - | -1,928 | 828 | -212 | -666 | 346 | 5,054 | 1,879 | -291 |
Net cash and cash equivalents provided by (used in) operating activities | ||||||||||
18,146 | 35,094 | 64,171 | 45,685 | 1,571 | -635 | -2,431 | 24,008 | 54,028 | 27,627 | -5,755 |
Escrow payment received related to Nanda acquisition | ||||||||||
- | - | - | - | - | - | - | 508 | 0 | 0 | - |
Payments to acquire 4D Technology, net of cash acquired | ||||||||||
- | - | - | - | - | - | - | - | 23,912 | 0 | 0 |
Sales of marketable securities | ||||||||||
- | - | - | 5,955 | 3,383 | - | 0 | 3,000 | 0 | 0 | - |
Maturities of marketable securities | ||||||||||
- | - | - | 38,775 | 41,863 | 38,839 | 47,089 | 8,336 | 0 | 0 | - |
Purchases of marketable securities | ||||||||||
127,462 | 140,018 | 164,661 | 82,864 | 41,449 | 41,100 | 49,182 | 58,647 | 0 | 0 | - |
Proceeds from sales of marketable securities | ||||||||||
94,486 | 186,332 | 143,349 | - | - | - | - | - | - | - | - |
Cash received from Tevet on escrow settlement | ||||||||||
- | - | - | - | - | - | - | - | - | - | -215 |
Purchases of property, plant and equipment | ||||||||||
6,802 | 7,542 | 10,210 | 3,999 | 1,846 | 5,792 | 5,689 | 4,990 | 2,755 | 3,096 | 822 |
Cash acquired from merger | ||||||||||
43,882 | - | - | - | - | - | - | - | - | - | - |
Cash advance on convertible note receivable | ||||||||||
- | 5,000 | - | - | - | - | - | - | - | - | - |
Purchase of intangible assets | ||||||||||
- | - | 1,000 | - | - | - | - | - | - | - | - |
Proceeds from sale of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | 492 | 9 |
Net cash and cash equivalents used in investing activities | ||||||||||
4,104 | 33,772 | -32,522 | -42,133 | 1,951 | -8,053 | -7,782 | -51,793 | -26,667 | -2,604 | -598 |
Cash flows from financing activities: | ||||||||||
Redemption of stock warrants | ||||||||||
- | - | 1,025 | - | - | - | - | - | - | - | - |
Purchase of common stock | ||||||||||
744 | 21,069 | - | - | - | - | 5,000 | 8,504 | 4,257 | 2,097 | 0 |
Excess tax benefit from equity awards | ||||||||||
- | - | - | 1,036 | - | - | 53 | 910 | 3,915 | 801 | 0 |
Stock offering cost | ||||||||||
- | - | - | - | - | - | - | - | - | 28 | 23,292 |
Tax payments related to shares withheld for share-based compensation plans | ||||||||||
2,540 | 1,921 | 1,358 | 1,822 | 1,182 | 702 | 1,181 | 618 | 126 | 299 | 0 |
Payment of contingent consideration for acquired business | ||||||||||
1,758 | 1,543 | 792 | - | - | - | - | - | - | - | - |
Payments to Zygo Corporation related to acquisition | ||||||||||
- | - | - | 315 | 851 | 587 | 1,004 | 300 | 432 | 3,503 | 0 |
Borrowings from line of credit | ||||||||||
- | - | - | - | - | - | - | - | - | - | 7,000 |
Repayment of line of credit | ||||||||||
- | - | - | - | - | - | - | - | - | - | 7,000 |
Repayments of debt obligations | ||||||||||
- | - | - | - | - | - | 5,224 | 2,210 | 2,571 | 2,999 | 319 |
Issuance of shares through share-based compensation plans | ||||||||||
844 | 624 | 623 | 8,447 | 3,974 | 5,958 | 4,967 | 3,913 | 7,186 | 5,784 | 3,038 |
Net cash and cash equivalents used in financing activities | ||||||||||
-4,198 | -23,909 | -2,552 | 5,274 | 220 | -675 | -7,495 | -6,809 | 3,715 | -2,341 | 26,011 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
233 | -339 | 814 | 82 | -264 | -726 | -442 | -190 | 163 | 252 | -112 |
Net decrease in cash and cash equivalents | ||||||||||
18,285 | 44,618 | 29,911 | 8,908 | 3,478 | -10,089 | -18,150 | -34,784 | 31,239 | 22,934 | 19,546 |
Supplemental disclosure of cash flow information: | ||||||||||
Cash paid for interest | ||||||||||
- | - | - | - | - | - | 232 | 522 | 757 | 965 | 1,038 |
Income taxes paid | ||||||||||
-3,848 | 4,301 | 14,605 | 3,767 | -826 | 861 | 313 | 5,113 | 11,149 | 1,572 | 153 |
Litigation settlement received | ||||||||||
- | - | 13,000 | - | - | - | - | - | - | - | - |
Supplemental disclosure of non-cash investing activities: | ||||||||||
Transfers between inventory and property, plant and equipment, net | ||||||||||
- | - | - | 2,345 | 1,469 | 3,275 | 3,145 | 0 | - | - | - |
Unpaid property, plant and equipment | ||||||||||
- | - | - | 683 | 36 | - | - | - | - | - | - |