Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 196,634 $ 142,953
Marketable securities 43,715 30,991
Accounts receivable, net 37,041 31,444
Inventories, net 27,071 18,842
Deferred cost of revenue 359 361
Income tax receivable 2,655 1,313
Prepaid expenses and other current assets 7,108 2,584
Total current assets 314,583 228,488
Property and equipment    
Rental equipment, net 43,038 49,349
Manufacturing equipment and tooling 7,338 6,858
Computer equipment and software 6,153 5,484
Furniture and equipment 1,445 746
Leasehold improvements 3,407 1,598
Land and building 125 125
Construction in process 3,128 408
Total property and equipment 64,634 64,568
Less accumulated depreciation (42,293) (44,465)
Property and equipment, net 22,341 20,103
Goodwill 2,257 2,363
Intangible assets, net 3,755 4,717
Deferred tax asset - noncurrent 30,130 18,636
Other assets 2,832 765
Total assets 375,898 275,072
Current liabilities    
Accounts payable and accrued expenses 26,786 20,626
Accrued payroll 11,407 6,877
Warranty reserve - current 3,549 2,505
Deferred revenue - current 4,451 3,533
Income tax payable 392 345
Total current liabilities 46,585 33,886
Long-term liabilities    
Warranty reserve - noncurrent 5,981 3,666
Deferred revenue - noncurrent 11,844 9,402
Deferred tax liability - noncurrent 232 348
Other noncurrent liabilities 832 729
Total liabilities 65,474 48,031
Commitments and contingencies (Note 7)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 21,778,632 and 20,976,350 shares issued and outstanding as of December 31, 2018 and 2017, respectively 22 21
Additional paid-in capital 249,194 218,109
Retained earnings 60,484 8,639
Accumulated other comprehensive income 724 272
Total stockholders' equity 310,424 227,041
Total liabilities and stockholders' equity $ 375,898 $ 275,072