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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 49,970,000 $ 51,687,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred revenue and recognition of unbilled receivables (64,106,000) (57,648,000)
Depreciation 5,627,000 4,263,000
Amortization of intangibles 5,498,000 5,488,000
Change in excess inventory reserve 84,000 667,000
Amortization of premium and discount on investments, net (271,000) (70,000)
Stock-based compensation to employees 6,085,000 5,200,000
Stock-based compensation to Board of Directors and Scientific Advisory Board 430,000 330,000
Deferred income tax expense (benefit) (1,380,000) 515,000
Retirement plan expense 1,359,000 2,228,000
Decrease (increase) in assets:    
Accounts receivable 2,692,000 (9,066,000)
Inventory (9,164,000) (10,498,000)
Other current assets (3,525,000) 5,400,000
Other assets 9,488,000 (7,133,000)
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (4,261,000) (21,136,000)
Other current liabilities 5,807,000 (666,000)
Deferred revenue 45,891,000 53,000,000
Other liabilities (2,384,000) 6,935,000
Net cash provided by operating activities 52,608,000 29,496,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (10,751,000) (9,938,000)
Purchases of intangibles (12,000) (298,000)
Purchases of investments (24,915,000) (4,220,000)
Proceeds from sale and maturity of investments 50,240,000 100,000,000
Net cash used in investing activities 14,562,000 85,544,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 403,000 348,000
Payment of withholding taxes related to stock-based compensation to employees (7,896,000) (9,634,000)
Cash dividends paid (14,246,000) (9,487,000)
Net cash used in financing activities (21,739,000) (18,773,000)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 45,431,000 96,267,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 311,993,000 630,012,000
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 357,424,000 $ 726,279,000