Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 142,953 $ 92,851
Marketable securities 30,991 21,033
Accounts receivable, net 31,444 30,828
Inventories, net 18,842 14,343
Deferred cost of revenue 361 398
Income tax receivable 1,313 433
Prepaid expenses and other current assets 2,584 1,659
Total current assets 228,488 161,545
Property and equipment    
Rental equipment, net 49,349 54,582
Manufacturing equipment and tooling 6,858 6,133
Computer equipment and software 5,484 4,705
Furniture and equipment 746 779
Leasehold improvements 1,598 816
Land and building 125 125
Construction in process 408 75
Total property and equipment 64,568 67,215
Less accumulated depreciation (44,465) (42,016)
Property and equipment, net 20,103 25,199
Goodwill 2,363  
Intangible assets, net 4,717 241
Deferred tax asset - noncurrent 18,636 26,654
Other assets 765 410
Total assets 275,072 214,049
Current liabilities    
Accounts payable and accrued expenses 20,626 12,795
Accrued payroll 6,877 6,123
Warranty reserve - current 2,505 1,688
Deferred revenue - current 3,533 2,239
Income tax payable 345  
Total current liabilities 33,886 22,845
Long-term liabilities    
Warranty reserve - noncurrent 3,666 1,792
Deferred revenue - noncurrent 9,402 7,042
Deferred tax liability - noncurrent 348  
Other noncurrent liabilities 729 282
Total liabilities 48,031 31,961
Commitments and contingencies (Note 7)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 20,976,350 and 20,389,860 shares issued and outstanding as of December 31, 2017 and 2016, respectively 21 20
Additional paid-in capital 218,109 194,466
Retained earnings (accumulated deficit) 8,639 (12,363)
Accumulated other comprehensive income (loss) 272 (35)
Total stockholders' equity 227,041 182,088
Total liabilities and stockholders' equity $ 275,072 $ 214,049