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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 91,472,000 $ 92,228,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred revenue and recognition of unbilled receivables (125,196,000) (110,993,000)
Depreciation 11,529,000 9,229,000
Amortization of intangibles 11,000,000 10,985,000
Change in excess inventory reserve 688,000 1,117,000
Amortization of premium and discount on investments, net (1,027,000) (128,000)
Stock-based compensation to employees 14,282,000 14,624,000
Stock-based compensation to Board of Directors and Scientific Advisory Board 774,000 704,000
Deferred income tax expense (benefit) (2,282,000) 1,458,000
Retirement plan expense 2,718,000 4,457,000
Decrease (increase) in assets:    
Accounts receivable 32,706,000 (17,368,000)
Inventory (32,163,000) (14,179,000)
Other current assets (13,030,000) (5,712,000)
Other assets 7,522,000 (15,005,000)
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (7,126,000) (17,036,000)
Other current liabilities (3,343,000) (2,536,000)
Deferred revenue 92,976,000 92,816,000
Other liabilities 4,630,000 14,455,000
Net cash provided by operating activities 86,130,000 59,116,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (21,336,000) (20,668,000)
Purchases of intangibles (12,000) (394,000)
Purchases of investments (287,919,000) (193,951,000)
Proceeds from sale and maturity of investments 161,530,000 100,000,000
Net cash used in investing activities (147,737,000) (115,013,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 847,000 787,000
Payment of withholding taxes related to stock-based compensation to employees (8,844,000) (13,018,000)
Cash dividends paid (28,493,000) (18,970,000)
Net cash used in financing activities (36,490,000) (31,201,000)
DECREASE IN CASH AND CASH EQUIVALENTS (98,097,000) (87,098,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 311,993,000 630,012,000
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 213,896,000 $ 542,914,000