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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,949 $ 1,314
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of deferred revenue (2,032) (1,177)
Depreciation 902 702
Amortization of intangibles 2,750 2,750
Amortization of premium and discount on investments, net (297) (135)
Stock-based compensation to employees 2,830 1,715
Stock-based compensation to Board of Directors and Scientific Advisory Board 408 366
Deferred income tax benefit (169) 334
Retirement plan benefit expense 1,029 592
Decrease (increase) in assets:    
Accounts receivable 3,863 3,911
Inventories (1,961) (1,858)
Other current assets (2,296) 703
Other assets (472) 20
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses (9,134) (8,584)
Other current liabilities 590 (55)
Deferred revenue 2,250 46,382
Net cash provided by operating activities 210 46,980
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (516) (1,950)
Purchases of investments (193,929) (51,957)
Proceeds from sale of investments 208,571 90,876
Net cash provided by investing activities 14,126 36,969
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from issuance of common stock 99 90
Proceeds from the exercise of common stock options 151 702
Payment of withholding taxes related to stock-based employee compensation (2,008) (4,970)
Net cash used in financing activities (1,758) (4,178)
INCREASE IN CASH AND CASH EQUIVALENTS 12,578 79,771
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 97,513 45,418
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 110,091 $ 125,189