v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 214,086 $ 198,037
Marketable securities 4,549 11,057
Accounts receivable, net 28,422 34,325
Inventories, net 36,180 35,664
Income tax receivable 2,984 2,976
Prepaid expenses and other current assets 16,544 10,160
Total current assets 302,765 292,219
Property and equipment    
Rental equipment, net 40,614 39,308
Manufacturing equipment and tooling 10,351 9,704
Computer equipment and software 7,841 7,266
Furniture and equipment 2,269 1,730
Leasehold improvements 4,607 4,388
Land and building 125 125
Construction in process 1,104 1,773
Total property and equipment 66,911 64,294
Less accumulated depreciation (45,381) (44,856)
Property and equipment, net 21,530 19,438
Goodwill 32,957 32,954
Intangible assets, net 73,253 77,533
Operating lease right-of-use asset 9,454 5,855
Deferred tax asset - noncurrent 13,768 14,452
Other assets 4,394 4,888
Total assets 458,121 447,339
Current liabilities    
Accounts payable and accrued expenses 29,363 30,730
Accrued payroll 6,405 6,215
Warranty reserve - current 5,769 4,923
Operating lease liability - current 1,823 2,014
Deferred revenue - current 6,266 5,478
Income tax payable 988 821
Total current liabilities 50,614 50,181
Long-term liabilities    
Warranty reserve - noncurrent 8,039 7,648
Operating lease liability - noncurrent 8,693 4,702
Earnout liability - noncurrent 26,539 26,559
Deferred revenue - noncurrent 13,035 13,541
Deferred tax liability - noncurrent 87 87
Total liabilities 107,007 102,718
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 22,065,961 and 22,031,410 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 22 22
Additional paid-in capital 268,349 263,252
Retained earnings 82,425 81,434
Accumulated other comprehensive income (loss) 318 (87)
Total stockholders' equity 351,114 344,621
Total liabilities and stockholders' equity $ 458,121 $ 447,339

Source