v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 208,362 $ 198,037
Marketable securities   11,057
Accounts receivable, net 40,396 34,325
Inventories, net 37,600 35,664
Income tax receivable 2,763 2,976
Prepaid expenses and other current assets 13,868 10,160
Total current assets 302,989 292,219
Property and equipment    
Rental equipment, net 38,995 39,308
Manufacturing equipment and tooling 10,267 9,704
Computer equipment and software 7,533 7,266
Furniture and equipment 1,730 1,730
Leasehold improvements 4,398 4,388
Land and building 125 125
Construction in process 2,443 1,773
Total property and equipment 65,491 64,294
Less accumulated depreciation (45,824) (44,856)
Property and equipment, net 19,667 19,438
Goodwill 32,912 32,954
Intangible assets, net 75,282 77,533
Operating lease right-of-use asset 8,117 5,855
Deferred tax asset - noncurrent 14,652 14,452
Other assets 5,502 4,888
Total assets 459,121 447,339
Current liabilities    
Accounts payable and accrued expenses 32,853 30,730
Accrued payroll 8,650 6,215
Warranty reserve - current 5,614 4,923
Operating lease liability - current 1,863 2,014
Deferred revenue - current 5,957 5,478
Income tax payable 908 821
Total current liabilities 55,845 50,181
Long-term liabilities    
Warranty reserve - noncurrent 7,957 7,648
Operating lease liability - noncurrent 9,116 4,702
Earnout liability - noncurrent 25,607 26,559
Deferred revenue - noncurrent 13,211 13,541
Deferred tax liability - noncurrent 85 87
Total liabilities 111,821 102,718
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 22,044,527 and 22,031,410 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 22 22
Additional paid-in capital 267,011 263,252
Retained earnings 79,845 81,434
Accumulated other comprehensive income (loss) 422 (87)
Total stockholders' equity 347,300 344,621
Total liabilities and stockholders' equity $ 459,121 $ 447,339

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