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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash provided by operating activities:      
Net income $ 20,384 $ 29,173 $ 32,534
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 26,967 20,452 18,244
Provision for doubtful accounts 183 299 249
Provision for inventory write-downs 3,806 3,382 3,473
Deferred income taxes (1,637) (5,348) (538)
Tax benefit from exercise of stock options and vested restricted stock 2,007 3,069 0
Excess tax benefit from stock-based compensation (1,970) (2,619) 0
Shares issued for employee benefit plan 913 868 847
Employee and director stock-based compensation 10,324 7,913 6,444
Performance-based common stock warrants 2,728 0 0
Changes in operating assets and liabilities:      
Restricted cash 0 (4,623) 0
Accounts receivable (3,882) (29,407) (7,966)
Inventories (14,800) (31,877) (8,161)
Prepaid expenses and other assets (772) 774 (2,803)
Accounts payable and accrued expenses 10,451 33,309 19,964
Accrued income taxes (5,159) 729 1,186
Net cash provided by operating activities 49,543 26,094 63,473
Cash used for investing activities:      
Acquisition of property, plant, and equipment (40,651) (32,989) (16,566)
Acquisition of intangible assets (1,912) (2,395) (1,853)
Increase in restricted cash (4,797) 0 0
Deposit received toward sale of Guangzhou factory 4,797 0 0
Deconsolidation of Encore Controls LLC 48 0 0
Acquisition of net assets of Ecolink Intelligent Technology, Inc., net of cash acquired 0 (12,265) 0
Net cash used for investing activities (42,515) (47,649) (18,419)
Cash provided by (used for) financing activities:      
Borrowings under line of credit 147,974 84,500 0
Repayments on line of credit (147,987) (34,500) 0
Proceeds from stock options exercised 6,244 1,712 8,122
Treasury stock purchased (12,647) (89,395) (16,168)
Distribution to noncontrolling interest 0 (78) 0
Excess tax benefit from stock-based compensation 1,970 2,619 0
Net cash provided by (used for) financing activities (4,446) (35,142) (8,046)
Effect of exchange rate changes on cash (4,937) (2,858) (661)
Net increase (decrease) in cash and cash equivalents (2,355) (59,555) 36,347
Cash and cash equivalents at beginning of year 52,966 112,521 76,174
Cash and cash equivalents at end of period 50,611 52,966 112,521
Supplemental cash flow information:      
Income taxes paid 9,891 7,793 7,178
Interest paid $ 1,208 $ 255 $ 0