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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 34,134 $ 35,114
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,645 7,504
Provision for doubtful accounts 560 975
Stock-based compensation expense 1,116 239
Deferred income taxes 164 165
Excess tax benefit from exercise of equity awards   (385)
Changes in assets and liabilities:    
Accounts receivable 28,101 19,530
Inventories (16,189) 954
Prepaid expenses and other current assets (2,191) 506
Other non-current assets (3,945) (141)
Accounts payable (13,162) (20,922)
Accrued expenses and other liabilities (8,872) (3,757)
Net cash (used for) provided by operating activities 28,361 39,782
Cash Flows from Investing Activities:    
Purchases of equipment (7,944) (8,746)
Cash paid for Softmart   (33,983)
Net cash used for investing activities (7,944) (42,729)
Cash Flows from Financing Activities:    
Dividend payment (9,041) (10,591)
Exercise of stock options 1,679  
Issuance of stock under Employee Stock Purchase Plan 603 473
Excess tax benefit from exercise of equity awards   385
Payment of payroll taxes on stock-based compensation through shares withheld (500) (625)
Net cash used for financing activities (7,259) (10,358)
Increase (decrease) in cash and cash equivalents 13,158 (13,305)
Cash and cash equivalents, beginning of period 49,180 80,188
Cash and cash equivalents, end of period 62,338 66,883
Non-cash Investing and Financing Activities:    
Accrued capital expenditures 294 160
Supplemental Cash Flow Information:    
Income taxes paid $ 24,293 $ 23,953