Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 129,693 $ 92,851
Marketable securities 33,395 21,033
Accounts receivable, net 34,699 30,828
Inventories, net 16,855 14,343
Deferred cost of revenue 358 398
Income tax receivable 1,593 433
Prepaid expenses and other current assets 3,186 1,659
Total current assets 219,779 161,545
Property and equipment    
Rental equipment, net 51,010 54,582
Manufacturing equipment and tooling 6,693 6,133
Computer equipment and software 5,313 4,705
Furniture and equipment 781 779
Leasehold improvements 1,552 816
Land and building 125 125
Construction in process 265 75
Total property and equipment 65,739 67,215
Less accumulated depreciation (44,788) (42,016)
Property and equipment, net 20,951 25,199
Goodwill 2,330  
Intangible assets, net 1,650 241
Deferred tax asset - noncurrent 24,619 26,654
Other assets 512 410
Total assets 269,841 214,049
Current liabilities    
Accounts payable and accrued expenses 22,367 12,795
Accrued payroll 6,871 6,123
Warranty reserve - current 2,298 1,688
Deferred revenue - current 3,646 2,239
Income tax payable 251  
Total current liabilities 35,433 22,845
Long-term liabilities    
Warranty reserve - noncurrent 3,269 1,792
Deferred revenue - noncurrent 8,622 7,042
Deferred tax liability - noncurrent 414  
Other noncurrent liabilities 817 282
Total liabilities 48,555 31,961
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 20,851,696 and 20,389,860 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 21 20
Additional paid-in capital 211,817 194,466
Retained earnings (accumulated deficit) 9,245 (12,363)
Accumulated other comprehensive income (loss) 203 (35)
Total stockholders' equity 221,286 182,088
Total liabilities and stockholders' equity $ 269,841 $ 214,049