| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Interest Paid, Excluding Capitalized Interest, Operating Activities | ||||||||||
2,295 | 7,929 | 9,137 | - | - | - | - | - | - | - | - |
OPERATING ACTIVITIES: | ||||||||||
Net income | ||||||||||
72,921 | 74,183 | -8,165 | -13,808 | -6,079 | -7,074 | 7,390 | 4,993 | 7,633 | -11,271 | 32,883 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation, amortization and other | ||||||||||
51,791 | 46,266 | 30,762 | 22,796 | 23,386 | 28,365 | 24,896 | 23,261 | 17,809 | 12,326 | 6,366 |
Stock-based compensation expense | ||||||||||
13,252 | 11,709 | 9,061 | 7,986 | 7,419 | 6,724 | 8,771 | 6,598 | 7,500 | 5,158 | 4,522 |
Asset Impairment Charges | ||||||||||
1,500 | 0 | 0 | - | - | - | - | - | - | - | - |
Impairment loss | ||||||||||
- | - | - | - | - | 3,558 | 0 | 0 | 1,643 | - | - |
Amortization of debt discount and deferred issuance costs | ||||||||||
1,582 | 3,952 | 6,022 | 5,891 | 5,664 | 629 | 337 | 146 | - | - | - |
Loss on disposal of assets | ||||||||||
- | - | - | - | - | - | - | -101 | -368 | - | - |
Change in fair value of acquisition contingencies | ||||||||||
1,467 | 1,114 | -81 | -485 | -88 | -910 | 80 | 0 | - | - | - |
Accretion of interest on deferred consideration | ||||||||||
8,224 | 10,000 | 2,608 | 0 | 0 | - | - | - | - | - | - |
Amortization of inventory step-up to fair value | ||||||||||
0 | 3,650 | 10,950 | 0 | 0 | - | - | - | - | - | - |
Loss on disposal of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | -9 | - |
Change in deferred tax assets and liabilities | ||||||||||
-1,742 | -20,458 | 365 | -2,603 | -4,027 | -2,744 | -1,928 | 1,469 | 1,217 | 1,273 | 2,629 |
Loss on extinguishment of debt | ||||||||||
-748 | -8,262 | 0 | 421 | 0 | 0 | - | - | - | - | - |
Excess tax benefit from share-based compensation | ||||||||||
- | - | - | - | - | 0 | 2,346 | 1,102 | 12 | 248 | 1,429 |
Changes in assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
36,059 | -8,236 | 42,052 | 6,265 | -16,060 | 4,547 | -2,911 | 17,924 | 1,169 | -3,079 | -15,603 |
Inventories | ||||||||||
-9,143 | 3,974 | -362 | -859 | 1,637 | -2,862 | 11,975 | 1,075 | -3,401 | -2,420 | 3,336 |
Income taxes receivable | ||||||||||
- | - | - | - | - | - | - | - | - | 4,196 | - |
Prepaid expenses and other current and non-current assets | ||||||||||
-4,314 | 12,681 | 9,113 | 489 | 1,039 | -787 | 388 | -135 | -7,837 | -771 | 1,521 |
Restricted cash | ||||||||||
- | - | - | - | -3,064 | 2,158 | -1,187 | 2,156 | - | - | - |
Accounts payable | ||||||||||
2,434 | -331 | 12,956 | 4,323 | -3,082 | 4,380 | -651 | 1,545 | 126 | -2,595 | 924 |
Accrued payroll and related expenses | ||||||||||
-1,037 | 1,674 | 7,130 | -375 | 1,061 | 1,247 | 1,055 | 1,083 | 1,317 | -2,636 | 2,468 |
Accrued royalties | ||||||||||
- | - | - | - | - | - | - | - | -1,998 | -3,515 | 2,854 |
Income taxes payable | ||||||||||
- | - | - | - | - | -1,036 | -3,523 | -119 | 1,730 | -6,151 | 7,458 |
Deferred grant revenue | ||||||||||
- | - | - | - | -2,672 | 4,301 | -127 | 2,156 | - | - | - |
Other current and non-current liabilities | ||||||||||
5,966 | 4,743 | 6,904 | -5,594 | -1,150 | 1,302 | -7 | 522 | 139 | -4,636 | 3,296 |
Net cash provided by operating activities: | ||||||||||
134,485 | 136,345 | 27,709 | 11,815 | 36,880 | 35,686 | 25,682 | 19,633 | 47,541 | -10,212 | 72,717 |
INVESTING ACTIVITIES: | ||||||||||
Acquisitions of property, equipment and intangibles | ||||||||||
27,229 | 31,689 | 17,510 | 11,909 | 17,032 | 11,241 | 20,821 | 12,221 | 4,853 | 6,486 | 6,850 |
Acquisition of other businesses, net of cash acquired | ||||||||||
0 | 0 | 14,451 | 5,061 | 0 | 0 | 9,184 | 0 | - | 128,142 | - |
Acquisition of Triage and BNP Businesses | ||||||||||
0 | 0 | 399,798 | 0 | 0 | - | 2,250 | 0 | - | - | - |
Proceeds from sale of Summers Ridge Property | ||||||||||
0 | 146,644 | - | - | - | - | - | - | - | - | - |
Acquisition of intangibles | ||||||||||
- | - | - | - | - | - | 1,680 | 15,501 | 16,282 | 3,991 | 250 |
Purchase of business | ||||||||||
- | - | - | - | - | - | - | 1,000 | - | - | - |
Purchases of marketable securities | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,999 |
Proceeds from sale of marketable securities | ||||||||||
- | - | - | - | - | - | - | - | - | 3,999 | - |
Proceeds from sale of fixed assets | ||||||||||
- | - | - | - | - | - | - | 122 | - | - | - |
Net cash provided by (used for) investing activities: | ||||||||||
-27,229 | 114,955 | -431,759 | -16,970 | -17,032 | -11,241 | -33,935 | -28,600 | -21,135 | -134,620 | -11,099 |
FINANCING ACTIVITIES: | ||||||||||
Proceeds from issuance of Term Loan | ||||||||||
0 | 0 | 245,000 | 0 | 0 | 172,500 | 0 | 0 | - | - | - |
Proceeds from issuance of Revolving Credit Facility | ||||||||||
0 | 0 | 10,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from issuance of common stock | ||||||||||
14,782 | 17,047 | 25,426 | 8,575 | 2,911 | 4,781 | 7,928 | 4,664 | 59,243 | 1,151 | 1,858 |
Payments of debt issuance costs | ||||||||||
0 | 513 | 8,682 | 0 | 365 | 4,712 | 0 | 0 | - | - | - |
Excess tax benefit from share-based compensation | ||||||||||
- | - | - | - | - | 0 | 2,346 | 1,102 | 12 | 248 | 1,429 |
Payments on finance lease obligation | ||||||||||
371 | 130 | 98 | 540 | 509 | 441 | 380 | 329 | 280 | 205 | 238 |
Payments on Revolving Credit Facility | ||||||||||
53,188 | 40,000 | - | - | - | - | - | - | - | - | - |
Repurchases of common stock | ||||||||||
10,728 | 4,344 | 541 | 20,168 | 30,934 | 1,956 | 2,157 | 3,407 | 626 | 9,181 | 33,512 |
Repurchases of Convertible Senior Notes | ||||||||||
- | - | - | 4,459 | 0 | 0 | - | - | - | - | - |
Borrowing from line of credit | ||||||||||
- | - | - | - | - | - | - | - | - | 75,000 | - |
Payments on line of credit | ||||||||||
- | - | - | - | - | - | 5,000 | 37,000 | 30,000 | 3,000 | - |
Payment of note payable to state agency | ||||||||||
- | - | - | - | - | - | - | 1,498 | 211 | 177 | - |
Payments on acquisition contingent consideration | ||||||||||
- | - | - | 207 | 129 | 2,112 | 947 | 0 | - | - | - |
Payments of acquisition contingent consideration | ||||||||||
4,044 | 6,303 | 497 | - | - | - | - | - | - | - | - |
Payments on acquisition contingent consideration | ||||||||||
44,000 | 46,000 | - | - | - | - | - | - | - | - | - |
Payments of Term Loan | ||||||||||
0 | 161,813 | - | - | - | - | - | - | - | - | - |
Transaction costs related to debt exchange | ||||||||||
733 | 2,002 | - | - | - | - | - | - | - | - | - |
Payment for acquisition holdback | ||||||||||
- | - | - | - | -229 | 0 | 0 | -1,041 | - | -1,219 | -60 |
Net cash (used for) provided by financing activities: | ||||||||||
-98,282 | -244,058 | 270,608 | -16,799 | -29,255 | 168,060 | 1,790 | -37,509 | 28,138 | 62,617 | -30,523 |
Effect of exchange rates on cash | ||||||||||
106 | 367 | 20 | -9 | -17 | 2 | -5 | 0 | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||||
9,080 | 7,609 | -133,422 | -21,963 | -9,424 | 192,507 | -6,468 | -46,476 | 54,544 | -82,215 | 31,095 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS: | ||||||||||
Cash paid during the period for interest | ||||||||||
- | - | - | 6,488 | 6,998 | 981 | 1,807 | 2,086 | 2,083 | 2,345 | 767 |
Cash paid during the period for income taxes | ||||||||||
2,189 | 6,923 | 1,274 | 490 | 1,922 | 327 | 2,211 | 0 | 350 | 7,711 | 10,337 |
NON-CASH INVESTING ACTIVITIES | ||||||||||
Purchase of property, equipment and intangibles by incurring current liabilities | ||||||||||
1,040 | 1,785 | 1,446 | 3,280 | 239 | 900 | 172 | 1,086 | 160 | 401 | 234 |
Purchase of licensed technology by incurring current liabilities | ||||||||||
- | - | - | - | - | - | - | 108 | 14,829 | 800 | - |
Lease incentive for tenant improvements | ||||||||||
- | - | - | - | - | - | 1,658 | 0 | - | - | - |
NON-CASH FINANCING ACTIVITIES | ||||||||||
Reduction of other current liabilities upon issuance of restricted share units | ||||||||||
- | - | - | 539 | 408 | 663 | 456 | 917 | - | - | - |
Deferred consideration for acquisition of BNP Business | ||||||||||
- | 0 | 220,550 | 0 | 0 | 365 | 0 | 0 | - | - | - |
Extinguishment of Convertible Senior Notes through issuance of stock | ||||||||||
86,428 | 200,219 | - | - | - | - | - | - | - | - | - |
Decrease of other non-current assets upon issuance of common stock | ||||||||||
- | - | - | - | - | - | - | - | 478 | - | - |