| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net income | |||||||||
-52,321 | 70,775 | -29,600 | -14,009 | -22,824 | 61,667 | -1,720 | -26,989 | -32,592 | 45,697 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||
Depreciation | |||||||||
- | 9,105 | - | - | - | 9,867 | 10,753 | 9,760 | 9,341 | 9,546 |
Stock-based compensation expense | |||||||||
13,394 | 13,204 | 13,050 | 13,407 | 11,086 | 9,032 | 9,248 | 10,332 | 9,528 | 9,537 |
Other | |||||||||
1,518 | 1,471 | 751 | 355 | 1,132 | 475 | 1,037 | 302 | 155 | 182 |
Deferred income taxes | |||||||||
23 | 51 | - | -570 | 215 | 226 | - | -29 | 81 | 65 |
Foreign currency transaction (gain) loss | |||||||||
-1,504 | 1,924 | -2,605 | 870 | -982 | -1,318 | -640 | -2,549 | 1,633 | 615 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-94,755 | 31,411 | 12,964 | 27,047 | -57,257 | 49,324 | 20,846 | 17,740 | -30,311 | 18,230 |
Inventories | |||||||||
1,098 | -107,343 | 101,479 | 17,131 | -5,193 | -81,621 | 80,028 | 28,058 | -18,023 | -9,956 |
Other assets | |||||||||
-2,163 | 11,853 | 2,171 | 1 | 2,341 | 3,092 | -2,761 | 2,806 | 1,521 | 574 |
Accounts payable and accrued expenses | |||||||||
-151,654 | -39,416 | 119,558 | 77,547 | -89,814 | -21,413 | 90,830 | 51,335 | -97,376 | 21,684 |
Accrued compensation | |||||||||
125 | -14,568 | 7,140 | 7,296 | 8,245 | -14,450 | 5,862 | 5,103 | 5,860 | -15,200 |
Deferred revenue | |||||||||
-1,150 | 4,879 | 886 | 717 | -36 | 4,598 | -4,776 | 6,683 | 275 | 3,384 |
Other liabilities | |||||||||
-457 | 11,184 | 3,051 | -2,302 | -5,137 | 11,525 | 1,024 | 763 | -3,832 | 2,535 |
Net cash provided by operating activities | |||||||||
-83,472 | 118,840 | 9,700 | 45,831 | -26,945 | 92,050 | 14,778 | 11,205 | -63,380 | 67,967 |
Cash flows from investing activities | |||||||||
Purchases of property and equipment and intangible assets | |||||||||
9,886 | 15,914 | 9,130 | 6,005 | 2,715 | 5,372 | 9,820 | 4,057 | 9,460 | 12,410 |
Cash paid for acquisition, net of acquired cash | |||||||||
667 | 35,622 | - | - | 0 | 0 | - | - | - | - |
Net cash used in investing activities | |||||||||
-10,553 | -51,536 | -9,130 | -6,005 | -2,715 | -5,372 | -9,820 | -4,057 | -9,460 | -12,410 |
Cash flows from financing activities | |||||||||
Proceeds from borrowings, net of borrowing costs | |||||||||
- | - | - | - | - | - | 39,748 | 0 | 0 | 30,000 |
Repayments of borrowings | |||||||||
1,666 | 1,667 | 6,667 | 0 | 0 | 0 | 40,000 | 0 | 0 | 30,000 |
Payments for repurchase of common stock | |||||||||
32,734 | 5,078 | 1,594 | 266 | 566 | 0 | 0 | 119 | 137 | 655 |
Proceeds from exercise of common stock options | |||||||||
4,616 | 7,969 | 9,540 | 3,087 | 18,485 | 462 | 3,597 | 1,392 | 2,076 | 2,280 |
Payments of offering costs | |||||||||
0 | 0 | 0 | 0 | 18 | 567 | 1,796 | 866 | 1,288 | 0 |
Net cash provided by (used in) financing activities | |||||||||
-29,784 | 1,224 | 1,279 | 2,821 | 17,901 | -105 | 91,691 | 407 | 651 | 1,625 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||
-1,361 | 1,254 | -1,507 | 372 | -342 | -133 | -154 | -935 | 1,572 | 652 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
-125,170 | 69,782 | 342 | 43,019 | -12,101 | 86,440 | 96,495 | 6,620 | -70,617 | 57,834 |
Supplemental disclosure | |||||||||
Cash paid for interest | |||||||||
379 | 472 | 1,183 | 90 | 586 | 658 | 154 | 1,213 | 1,134 | 1,249 |
Cash paid for taxes, net of refunds | |||||||||
508 | 517 | 1,036 | 593 | 629 | 1,312 | 179 | 748 | 311 | 192 |
Cash paid for amounts included in the measurement of lease liabilities | |||||||||
3,042 | 4,304 | - | - | - | - | - | - | - | - |
Supplemental disclosure of non-cash investing and financing activities | |||||||||
Purchases of property and equipment in accounts payable and accrued expenses | |||||||||
-4,638 | 7,908 | 5,634 | 3,627 | -377 | 2,803 | -3,112 | 4,054 | -3,346 | 6,479 |
Right-of-use assets obtained in exchange for new operating lease liabilities | |||||||||
959 | 74,683 | - | - | - | - | - | - | - | - |
Deferred offering costs in accounts payable and accrued expenses | |||||||||
- | 0 | - | - | - | 18 | -387 | -153 | -479 | 1,604 |