Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 190,236 $ 196,634
Marketable securities 49,011 43,715
Accounts receivable, net 41,525 37,041
Inventories, net 28,820 27,071
Deferred cost of revenue 346 359
Income tax receivable 2,555 2,655
Prepaid expenses and other current assets 9,263 7,108
Total current assets 321,756 314,583
Property and equipment    
Rental equipment, net 41,996 43,038
Manufacturing equipment and tooling 7,469 7,338
Computer equipment and software 6,701 6,153
Furniture and equipment 1,463 1,445
Leasehold improvements 3,521 3,407
Land and building 125 125
Construction in process 3,432 3,128
Total property and equipment 64,707 64,634
Less accumulated depreciation (42,709) (42,293)
Property and equipment, net 21,998 22,341
Goodwill 2,212 2,257
Intangible assets, net 3,411 3,755
Operating lease right-of-use asset 5,936  
Deferred tax asset - noncurrent 29,296 30,130
Other assets 3,586 2,832
Total assets 388,195 375,898
Current liabilities    
Accounts payable and accrued expenses 24,731 26,786
Accrued payroll 7,832 11,407
Warranty reserve - current 3,734 3,549
Operating lease liability 2,061  
Deferred revenue - current 5,283 4,451
Income tax payable 111 392
Total current liabilities 43,752 46,585
Long-term liabilities    
Warranty reserve - noncurrent 6,023 5,981
Operating lease liability - noncurrent 4,920  
Deferred revenue - noncurrent 11,379 11,844
Deferred tax liability - noncurrent 227 232
Other noncurrent liabilities   832
Total liabilities 66,301 65,474
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 21,931,342 and 21,778,632 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 22 22
Additional paid-in capital 255,226 249,194
Retained earnings 65,786 60,484
Accumulated other comprehensive income 860 724
Total stockholders' equity 321,894 310,424
Total liabilities and stockholders' equity $ 388,195 $ 375,898