Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 166,344 $ 142,953
Marketable securities 42,068 30,991
Accounts receivable, net 37,472 31,444
Inventories, net 27,407 18,842
Deferred cost of revenue 381 361
Income tax receivable 2,655 1,313
Prepaid expenses and other current assets 6,667 2,584
Total current assets 282,994 228,488
Property and equipment    
Rental equipment, net 46,638 49,349
Manufacturing equipment and tooling 7,272 6,858
Computer equipment and software 6,138 5,484
Furniture and equipment 975 746
Leasehold improvements 2,098 1,598
Land and building 125 125
Construction in process 3,069 408
Total property and equipment 66,315 64,568
Less accumulated depreciation (44,343) (44,465)
Property and equipment, net 21,972 20,103
Goodwill 2,304 2,363
Intangible assets, net 4,093 4,717
Deferred tax asset - noncurrent 20,736 18,636
Other assets 537 765
Total assets 332,636 275,072
Current liabilities    
Accounts payable and accrued expenses 31,174 20,626
Accrued payroll 9,108 6,877
Warranty reserve - current 3,223 2,505
Deferred revenue - current 3,383 3,533
Income tax payable 344 345
Total current liabilities 47,232 33,886
Long-term liabilities    
Warranty reserve - noncurrent 5,507 3,666
Deferred revenue - noncurrent 11,713 9,402
Deferred tax liability - noncurrent 340 348
Other noncurrent liabilities 938 729
Total liabilities 65,730 48,031
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 21,321,543 and 20,976,350 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 21 21
Additional paid-in capital 231,879 218,109
Retained earnings 34,007 8,639
Accumulated other comprehensive income 999 272
Total stockholders' equity 266,906 227,041
Total liabilities and stockholders' equity $ 332,636 $ 275,072