|
Net income
|
|
$112k
|
$49.8m
|
($9.6m)
|
$21.2m
|
$22.6m
|
$2.7m
|
$34.2m
|
|
Depreciation and amortization expense
|
|
$517k
|
$946k
|
$1.4m
|
$1.9m
|
$2.9m
|
$6.7m
|
$9.0m
|
|
Deferred income taxes
|
|
$0
|
($6.5m)
|
($3.7m)
|
($732k)
|
($7.3m)
|
$6.6m
|
($544k)
|
|
Non-cash operating lease cost
|
|
$6.5m
|
$21.7m
|
$0
|
$2.4m
|
$2.9m
|
$8.5m
|
$10.0m
|
|
Operating lease liabilities
|
|
—
|
—
|
$0
|
($2.1m)
|
($2.7m)
|
($8.3m)
|
($9.7m)
|
|
Stock-based compensation
|
|
$179k
|
$8.7m
|
$81.1m
|
$37.5m
|
$45.8m
|
$42.7m
|
$26.9m
|
|
Accretion of discount and accrued interest on available-for-sale securities
|
|
—
|
—
|
$0
|
$0
|
($1.7m)
|
($5.7m)
|
($3.7m)
|
|
Accounts receivable
|
|
($1.3m)
|
($4.0m)
|
$3.3m
|
($4.4m)
|
($603k)
|
($1.2m)
|
$2.4m
|
|
Inventory
|
|
($763k)
|
($35.4m)
|
($36.3m)
|
($91.9m)
|
$58.9m
|
$3.3m
|
($12.2m)
|
|
Prepaid expenses and other current assets
|
|
$254k
|
($4.7m)
|
($735k)
|
($4.5m)
|
($572k)
|
($2.5m)
|
$1.1m
|
|
Other assets
|
|
($342k)
|
$38k
|
$127k
|
($197k)
|
($79k)
|
($737k)
|
$356k
|
|
Accounts payable
|
|
$2.7m
|
$1.2m
|
$2.9m
|
$6.3m
|
($6.2m)
|
($5.3m)
|
$8.8m
|
|
Accrued expenses
|
|
$464k
|
$4.3m
|
$18.0m
|
$1.5m
|
($18.7m)
|
$34.0m
|
($21.3m)
|
|
Accrued compensation and benefits
|
|
($712k)
|
$794k
|
($1.2m)
|
$2.2m
|
$3.9m
|
($1.6m)
|
$11.5m
|
|
Sales tax payable
|
|
$713k
|
$2.4m
|
$2.2m
|
($3.0m)
|
($225k)
|
$556k
|
$561k
|
|
Gift card liability
|
|
$267k
|
$901k
|
$1.1m
|
$697k
|
$358k
|
$1.4m
|
$2.5m
|
|
Deferred revenue
|
|
$636k
|
$527k
|
$652k
|
($354k)
|
($626k)
|
$2.5m
|
($622k)
|
|
Returns reserve
|
|
$0
|
$105k
|
$4.4m
|
($4.0m)
|
($469k)
|
$884k
|
$298k
|
|
Income tax payable
|
|
$722k
|
$2.0m
|
$2.6m
|
$2.3m
|
$2.6m
|
($2.2m)
|
$1.5m
|
|
Other non-current liabilities
|
|
$0
|
$0
|
$243k
|
($67k)
|
$7k
|
($100k)
|
$99k
|
|
Purchases of property and equipment
|
|
($4.8m)
|
($2.3m)
|
($2.7m)
|
($5.3m)
|
($16.3m)
|
($17.0m)
|
($8.2m)
|
|
Purchases of available-for-sale securities
|
|
—
|
—
|
$0
|
$0
|
($150.1m)
|
($246.9m)
|
($257.0m)
|
|
Maturities of available-for-sale securities
|
|
—
|
—
|
$0
|
$0
|
$49.3m
|
$196.6m
|
$201.4m
|
|
Proceeds from stock option exercises and employee stock purchases
|
|
$0
|
$392k
|
$907k
|
$3.0m
|
$916k
|
$438k
|
$1.7m
|
|
Tax payments related to net share settlements on restricted stock units
|
|
$0
|
$0
|
($21.6m)
|
$0
|
($246k)
|
$0
|
$0
|
|
Property and equipment included in accounts payable and accrued expenses
|
|
$770k
|
$236k
|
$32k
|
$19k
|
$453k
|
$536k
|
$67k
|
|
Net cash provided by operating activities
|
|
$6.5m
|
$21.7m
|
$66.4m
|
($35.3m)
|
$100.9m
|
$81.2m
|
$61.2m
|
|
Purchase of investment in equity securities
|
|
—
|
—
|
—
|
$0
|
$0
|
($27.5m)
|
($201k)
|
|
Net cash used in investing activities
|
|
($4.8m)
|
($2.3m)
|
($2.7m)
|
($5.8m)
|
($117.2m)
|
($94.9m)
|
($64.0m)
|
|
Issuance of Class A Common Stock upon vesting of restricted stock
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$1k
|
|
Issuance of Class A Common Stock in exchange for services
|
|
—
|
—
|
—
|
$0
|
$0
|
$250k
|
$0
|
|
Repurchases of Class A Common Stock
|
|
—
|
—
|
—
|
$0
|
$0
|
($45.5m)
|
($2.7m)
|
|
Net cash (used in) provided by financing activities
|
|
$14.0m
|
$294k
|
$75.6m
|
$3.5m
|
$670k
|
($44.8m)
|
($969k)
|
|
Effect of foreign currency exchange rate changes on cash and cash equivalents
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$100k
|
|
Net decrease in cash and cash equivalents
|
|
$15.8m
|
$19.8m
|
$139.3m
|
($37.7m)
|
($15.6m)
|
($58.5m)
|
($3.7m)
|
|
Cash and cash equivalents, beginning of period
|
|
$38.4m
|
$58.1m
|
$197.4m
|
$159.8m
|
$144.2m
|
$85.6m
|
$82.0m
|
|
Cash paid for income taxes, net of refunds received
|
|
$0
|
$18.2m
|
$15.0m
|
$11.9m
|
$21.1m
|
$13.1m
|
$8.4m
|