I should have mentioned these separately. Stock-based compensation this past quarter was about $20 million and only a bit over $8 million in the same quarter last year. This amount is insignificant compared to the secondary offering and given the exceptional sales growth.
DJ,
The SBC amount for the quarter was $11.601M of the quarter, not $20M. Look at the statement of cash flows again. The $20.808M is for the first 2 quarters of 2017 so to the the Q2 number you need to subtract the $9.207 number for Q1.
Chris