|
Net income
|
|
($59.9m)
|
($39.2m)
|
($11.6m)
|
($19.3m)
|
($3.8m)
|
$50.9m
|
$40.3m
|
$21.0m
|
$20.0m
|
$28.1m
|
|
Depreciation and amortization
|
|
$6.5m
|
$5.8m
|
$4.6m
|
$5.1m
|
$6.3m
|
$7.0m
|
$10.3m
|
$11.3m
|
$12.1m
|
$10.4m
|
|
Deferred tax expense
|
|
$26.2m
|
($620k)
|
($10.9m)
|
$136k
|
$106k
|
($24.5m)
|
$6.3m
|
$6.6m
|
$5.3m
|
$2.4m
|
|
Stock compensation expense
|
|
$12.2m
|
$7.4m
|
$6.6m
|
$6.5m
|
$5.7m
|
$6.9m
|
$8.5m
|
$8.2m
|
$11.1m
|
$14.5m
|
|
Impairment of long-lived and other non-current assets
|
|
$19.0m
|
$2.0m
|
$0
|
$0
|
$0
|
$1.3m
|
$31k
|
$0
|
$0
|
$459k
|
|
Taxes paid associated with net settlement of stock compensation awards
|
|
$34.0m
|
$0
|
$0
|
($44k)
|
($594k)
|
($3.9m)
|
($2.8m)
|
($1.3m)
|
($2.3m)
|
($5.7m)
|
|
(Gain) loss on disposal of property and equipment
|
|
$0
|
$0
|
($480k)
|
($15k)
|
($29k)
|
$80k
|
($14k)
|
($36k)
|
($14k)
|
$36k
|
|
Operating lease assets and liabilities
|
|
—
|
—
|
$0
|
$0
|
($187k)
|
($79k)
|
$396k
|
($228k)
|
$1.4m
|
($345k)
|
|
Inventory adjustment to net realizable value
|
|
$2.7m
|
$10.4m
|
$2.5m
|
$331k
|
$300k
|
$174k
|
$194k
|
$1.0m
|
$163k
|
$539k
|
|
Provision for doubtful accounts
|
|
$247k
|
$357k
|
$199k
|
$178k
|
$200k
|
$297k
|
$136k
|
$1.4m
|
$839k
|
$356k
|
|
Gain on disposal of lease assets
|
|
—
|
—
|
—
|
$0
|
$0
|
($23k)
|
($240k)
|
$0
|
$0
|
—
|
|
Accounts receivable
|
|
($4.4m)
|
($1.6m)
|
$6.6m
|
($2.0m)
|
$1.2m
|
($843k)
|
($6.3m)
|
$2.7m
|
($4.3m)
|
$233k
|
|
Inventory
|
|
($4.8m)
|
($3.5m)
|
$8.1m
|
$3.9m
|
($64k)
|
($7.0m)
|
$441k
|
($479k)
|
$4.9m
|
$5.2m
|
|
Prepaid expenses and other assets
|
|
($160k)
|
($1.0m)
|
($689k)
|
$1.6m
|
$1.4m
|
($2.0m)
|
($1.8m)
|
($1.2m)
|
($3.0m)
|
$1.5m
|
|
Accounts payable
|
|
$232k
|
$3.2m
|
$670k
|
$1.2m
|
$6.9m
|
$18.6m
|
$1.5m
|
($2.9m)
|
$8.4m
|
($68k)
|
|
Accrued expenses and other current liabilities
|
|
$17.2m
|
($14.9m)
|
($9.6m)
|
$2.0m
|
($8.2m)
|
$6.1m
|
($2.7m)
|
$277k
|
$4.2m
|
$2.5m
|
|
Deferred revenue
|
|
$0
|
$0
|
$743k
|
$906k
|
$207k
|
$1.4m
|
($185k)
|
$262k
|
$87k
|
($204k)
|
|
Payables to sellers
|
|
($901k)
|
($4.5m)
|
$4.6m
|
($8.7m)
|
$5.9m
|
$7.5m
|
$13.0m
|
($581k)
|
$8.7m
|
$1.3m
|
|
Other liabilities
|
|
$5.3m
|
$2.9m
|
($642k)
|
($317k)
|
$1.2m
|
($290k)
|
($723k)
|
($157k)
|
$0
|
$54k
|
|
Purchases of property and equipment, including capitalized software
|
|
($6.1m)
|
($7.8m)
|
($4.2m)
|
($5.9m)
|
($4.2m)
|
($5.4m)
|
($8.1m)
|
($5.4m)
|
($8.9m)
|
($7.8m)
|
|
Payments of the principal portion of finance lease liabilities
|
|
—
|
—
|
$0
|
$0
|
($34k)
|
($42k)
|
($99k)
|
($101k)
|
($89k)
|
($102k)
|
|
Payment of earn-out liability related to business acquisition
|
|
—
|
—
|
$0
|
$0
|
($1.2m)
|
$0
|
($3.5m)
|
$0
|
$0
|
—
|
|
Non-cash: Common stock surrendered in the exercise of stock options
|
|
—
|
—
|
—
|
$0
|
$0
|
$1.5m
|
$479k
|
$200k
|
$397k
|
$47k
|
|
Non-cash: Acquisition consideration paid in common stock
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$945k
|
|
Net cash provided by operating activities
|
|
$45.8m
|
($31.7m)
|
$619k
|
($6.2m)
|
$16.5m
|
$65.4m
|
$44.8m
|
$47.0m
|
$70.2m
|
$66.8m
|
|
Cash paid for business acquisition, net of cash acquired
|
|
$0
|
$0
|
($16.7m)
|
$0
|
$0
|
$0
|
($11.2m)
|
$0
|
($13.2m)
|
($6.5m)
|
|
Purchase of short-term investments
|
|
$0
|
$0
|
($20.0m)
|
($70.0m)
|
($25.0m)
|
$0
|
($1.8m)
|
($8.0m)
|
($2.3m)
|
($19.0m)
|
|
Maturities of short-term investments
|
|
—
|
$0
|
$0
|
$60.0m
|
$55.0m
|
$0
|
$0
|
$1.9m
|
$8.2m
|
$10.1m
|
|
Other investing activities, net
|
|
—
|
—
|
—
|
—
|
$9k
|
$72k
|
$21k
|
$68k
|
$54k
|
$190k
|
|
Net cash used in investing activities
|
|
($6.2m)
|
($7.9m)
|
($37.1m)
|
($15.7m)
|
$28.6m
|
($1.0m)
|
($21.1m)
|
($11.4m)
|
($16.1m)
|
($23.0m)
|
|
Payments of debt issuance costs
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($91k)
|
$0
|
$0
|
—
|
|
Proceeds from exercise of common stock options, net of tax
|
|
$9k
|
$92k
|
$404k
|
$590k
|
$111k
|
$445k
|
$0
|
$496k
|
$598k
|
$212k
|
|
Common stock repurchases
|
|
—
|
—
|
$0
|
$0
|
($4.0m)
|
($31.1m)
|
($25.4m)
|
($21.2m)
|
($9.4m)
|
($16.2m)
|
|
Net cash used in financing activities
|
|
($220k)
|
($1.1m)
|
$404k
|
$546k
|
($5.7m)
|
($34.7m)
|
($31.9m)
|
($22.1m)
|
($11.2m)
|
($21.8m)
|
|
Effect of exchange rate differences on cash and cash equivalents
|
|
($418k)
|
$518k
|
$131k
|
($541k)
|
$114k
|
$541k
|
($2.0m)
|
$640k
|
$8k
|
($580k)
|
|
Net increase (decrease) in cash and cash equivalents
|
|
$39.0m
|
($40.2m)
|
($35.9m)
|
($22.0m)
|
$39.5m
|
$30.3m
|
($10.2m)
|
$14.2m
|
$42.9m
|
$21.4m
|
|
Cash and cash equivalents at beginning of year
|
|
—
|
$94.3m
|
$58.4m
|
$36.5m
|
$76.0m
|
$106.3m
|
$96.1m
|
$110.3m
|
$153.2m
|
$174.6m
|
|
Prepaid taxes and tax refund receivable
|
|
$27.1m
|
$730k
|
$739k
|
($811k)
|
$878k
|
($61k)
|
$82k
|
($152k)
|
$264k
|
($239k)
|
|
Cash paid for income taxes, net
|
|
$34.0m
|
$793k
|
($916k)
|
($1.0m)
|
($1.5m)
|
$1.4m
|
$885k
|
$1.6m
|
$1.7m
|
$9.2m
|