Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (2,769) $ 25,476
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 290 332
Noncash lease expense 1,336 0
Deferred income taxes (3) 0
Changes in assets and liabilities:    
Inventories 4,104 (2,828)
Other current assets (1,674) 2,548
Other assets 2 (83)
Accounts payable (1,002) 967
Accrued commissions (8,683) 2,003
Other accrued expenses (1,779) 314
Deferred revenue (3,485) 26
Amounts held in eWallets (1,508) (930)
Operating lease liabilities (1,392)  
Income taxes payable (1,617) (2,201)
Other current liabilities (235) 438
Long-term incentive (333) (800)
Net cash provided by (used in) operating activities (18,748) 25,262
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (181) (176)
Net cash used in investing activities (181) (176)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (9,564) 0
Dividends paid (2,736) (27,644)
Net cash used in financing activities (12,300) (27,644)
Effect of exchange rates on cash, cash equivalents and restricted cash (428) (711)
Net decrease in cash, cash equivalents and restricted cash (31,657) (3,269)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 135,651 138,478
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 103,994 135,209
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Issuance of treasury stock for employee awards, net 8,289 $ 554
Right-of-use assets obtained in exchange for operating lease liabilities $ 5,058