v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 220,014 $ 211,962
Marketable securities 13,136 19,257
Accounts receivable, net 38,425 29,717
Inventories, net 26,394 24,815
Income tax receivable 1,984 2,048
Prepaid expenses and other current assets 9,723 17,898
Total current assets 309,676 305,697
Property and equipment    
Rental equipment, net 49,872 46,953
Manufacturing equipment and tooling 10,811 10,361
Computer equipment and software 7,454 7,356
Furniture and equipment 2,293 2,293
Leasehold improvements 4,592 4,592
Land and building 125 125
Construction in process 3,367 2,344
Total property and equipment 78,514 74,024
Less accumulated depreciation (47,461) (45,794)
Property and equipment, net 31,053 28,230
Goodwill 33,055 33,165
Intangible assets, net 66,557 68,797
Operating lease right-of-use asset 17,521 8,827
Deferred tax asset - noncurrent 15,994 14,467
Other assets 2,619 2,669
Total assets 476,475 461,852
Current liabilities    
Accounts payable and accrued expenses 29,349 33,712
Accrued payroll 9,191 7,091
Warranty reserve - current 5,701 5,740
Operating lease liability - current 2,475 1,931
Deferred revenue - current 7,492 6,994
Income tax payable 1,264 1,242
Total current liabilities 55,472 56,710
Long-term liabilities    
Warranty reserve - noncurrent 9,213 8,654
Operating lease liability - noncurrent 16,435 8,078
Earnout liability - noncurrent 27,205 26,940
Deferred revenue - noncurrent 11,842 11,822
Deferred tax liability - noncurrent 24 25
Total liabilities 120,191 112,229
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 22,385,794 and 22,131,447 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 22 22
Additional paid-in capital 280,464 273,521
Retained earnings 74,873 75,605
Accumulated other comprehensive income 925 475
Total stockholders' equity 356,284 349,623
Total liabilities and stockholders' equity $ 476,475 $ 461,852

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