Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 154,284 $ 142,953
Marketable securities 34,012 30,991
Accounts receivable, net 35,089 31,444
Inventories, net 22,965 18,842
Deferred cost of revenue 335 361
Income tax receivable 591 1,313
Prepaid expenses and other current assets 3,778 2,584
Total current assets 251,054 228,488
Property and equipment    
Rental equipment, net 47,420 49,349
Manufacturing equipment and tooling 7,011 6,858
Computer equipment and software 5,836 5,484
Furniture and equipment 878 746
Leasehold improvements 1,603 1,598
Land and building 125 125
Construction in process 1,934 408
Total property and equipment 64,807 64,568
Less accumulated depreciation (43,909) (44,465)
Property and equipment, net 20,898 20,103
Goodwill 2,430 2,363
Intangible assets, net 4,456 4,717
Deferred tax asset - noncurrent 20,434 18,636
Other assets 610 765
Total assets 299,882 275,072
Current liabilities    
Accounts payable and accrued expenses 24,760 20,626
Accrued payroll 6,607 6,877
Warranty reserve - current 2,829 2,505
Deferred revenue - current 3,152 3,533
Income tax payable 319 345
Total current liabilities 37,667 33,886
Long-term liabilities    
Warranty reserve - noncurrent 4,416 3,666
Deferred revenue - noncurrent 10,391 9,402
Deferred tax liability - noncurrent 358 348
Other noncurrent liabilities 713 729
Total liabilities 53,545 48,031
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 21,214,662 and 20,976,350 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 21 21
Additional paid-in capital 226,635 218,109
Retained earnings 19,397 8,639
Accumulated other comprehensive income 284 272
Total stockholders' equity 246,337 227,041
Total liabilities and stockholders' equity $ 299,882 $ 275,072