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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 21,017 $ 21,521
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation and amortization 5,710 4,803
Provision for doubtful accounts 385 645
Stock-based compensation expense 613 131
Deferred income taxes 164 27
Excess tax benefit from exercise of equity awards   (32)
Changes in assets and liabilities:    
Accounts receivable (15,169) (10,370)
Inventories (27,691) (9,558)
Prepaid expenses and other current assets (2,548) (1,192)
Other non-current assets (4,077) (26)
Accounts payable 8,930 10,457
Accrued expenses and other liabilities 2,908 596
Net cash (used for) provided by operating activities (9,758) 17,002
Cash Flows from Investing Activities:    
Purchases of equipment (4,531) (5,782)
Cash paid for Softmart   (33,983)
Net cash used for investing activities (4,531) (39,765)
Cash Flows from Financing Activities:    
Dividend payment (9,041) (10,591)
Exercise of stock options 1,678  
Issuance of stock under Employee Stock Purchase Plan 603 473
Excess tax benefit from exercise of equity awards   32
Payment of payroll taxes on stock-based compensation through shares withheld   (40)
Net cash used for financing activities (6,760) (10,126)
Decrease in cash and cash equivalents (21,049) (32,889)
Cash and cash equivalents, beginning of period 49,180 80,188
Cash and cash equivalents, end of period 28,131 47,299
Non-cash Investing and Financing Activities:    
Accrued capital expenditures 662 338
Supplemental Cash Flow Information:    
Income taxes paid $ 15,705 $ 15,658