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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 3,190 $ 425
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,070 1,140
Amortization of marketable securities premium 43 27
Impairment charge on equity investee   313
Stock-based compensation 467 312
Realized gain on sale of available-for-sale securities   (77)
Loss from equity method investments, net 334 620
Changes in operating assets and liabilities:    
Accounts receivable 1,686 (3,156)
Inventories (4,553) 1,065
Prepaid expenses and other current assets 993 318
Other assets (64) 246
Accounts payable 334 1,424
Accrued liabilities [1] (2,096) (1,373)
Other long-term liabilities, including royalties 191 (211)
Net cash provided by operating activities 1,595 1,073
Cash flows from investing activities:    
Purchases of property, plant and equipment (11,849) (268)
Purchases of available-for-sale securities (9,938) (21,716)
Proceeds from sales of available-for-sale investments 14,680 8,970
Net cash used in investing activities (7,107) (13,014)
Cash flows from financing activities:    
Proceeds from issuance of common stock and options exercised, net of issuance costs 66 32,675
Dividends paid by joint ventures to their minority shareholders   (465)
Net cash provided by financing activities 66 32,210
Effect of exchange rate changes on cash and cash equivalents 283 91
Net increase (decrease) in cash and cash equivalents (5,163) 20,360
Cash and cash equivalents at the beginning of the period 44,352 36,152
Cash and cash equivalents at the end of the period $ 39,189 $ 56,512
[1] * Dividend accrued but not paid by one of our consolidated subsidiaries of $552 and $503 was included in accrued liabilities as of March 31, 2018 and 2017, respectively.