v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 241,576 $ 211,962
Marketable securities 3,552 19,257
Accounts receivable, net 32,905 29,717
Inventories, net 31,785 24,815
Income tax receivable 1,787 2,048
Prepaid expenses and other current assets 24,226 17,898
Total current assets 335,831 305,697
Property and equipment    
Rental equipment, net 55,612 46,953
Manufacturing equipment and tooling 11,811 10,361
Computer equipment and software 8,375 7,356
Furniture and equipment 3,033 2,293
Leasehold improvements 6,682 4,592
Land and building 125 125
Construction in process 1,826 2,344
Total property and equipment 87,464 74,024
Less accumulated depreciation (50,398) (45,794)
Property and equipment, net 37,066 28,230
Goodwill 33,028 33,165
Intangible assets, net 62,299 68,797
Operating lease right-of-use asset 25,830 8,827
Deferred tax asset - noncurrent 15,481 14,467
Other assets 3,322 2,669
Total assets 512,857 461,852
Current liabilities    
Accounts payable and accrued expenses 29,223 33,712
Accrued payroll 12,223 7,091
Warranty reserve - current 6,310 5,740
Operating lease liability - current 3,518 1,931
Deferred revenue - current 8,424 6,994
Income tax payable 235 1,242
Total current liabilities 59,933 56,710
Long-term liabilities    
Warranty reserve - noncurrent 8,606 8,654
Operating lease liability - noncurrent 24,121 8,078
Earnout liability - noncurrent 17,118 26,940
Deferred revenue - noncurrent 12,135 11,822
Deferred tax liability - noncurrent 24 25
Total liabilities 121,937 112,229
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 22,721,619 and 22,131,447 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 23 22
Additional paid-in capital 297,097 273,521
Retained earnings 92,149 75,605
Accumulated other comprehensive income 1,651 475
Total stockholders' equity 390,920 349,623
Total liabilities and stockholders' equity $ 512,857 $ 461,852

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