v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,526) $ 17,847
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 189 235
Noncash lease expense 914 0
Deferred income taxes (3) 0
Changes in assets and liabilities:    
Inventories 1,881 (2,057)
Other current assets (752) 1,955
Other assets (35) (73)
Accounts payable (956) 1,246
Accrued commissions (5,475) (707)
Other accrued expenses (1,946) 1,119
Deferred revenue (3,409) (592)
Amounts held in eWallets (765) (192)
Operating lease liabilities (964)  
Income taxes payable (1,617) (1,657)
Other current liabilities (318) (72)
Long-term incentive (277) (562)
Net cash provided by (used in) operating activities (15,059) 16,490
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (141) (113)
Net cash used in investing activities (141) (113)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (6,682) 0
Dividends paid (2,736) (23,093)
Net cash used in financing activities (9,418) (23,093)
Effect of exchange rates on cash, cash equivalents and restricted cash 73 (381)
Net decrease in cash, cash equivalents and restricted cash (24,545) (7,097)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 135,651 138,478
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 111,106 131,381
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Issuance of treasury stock for employee awards, net 377 $ 554
Right-of-use assets obtained in exchange for operating lease liabilities $ 4,697  

Source