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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 19,933 $ 19,918 $ 18,244
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,291 4,317 5,131
(Gain) loss on disposals of property and equipment, net (19) 17 (27)
Loss on disposal of intangibles 225 215 168
Bond premium amortization 1,650 957 289
Stock-based compensation 7,263 5,579 4,340
Deferred income taxes 994 3,598 621
Unrecognized tax benefits (156) 202 219
Excess tax benefit from stock-based compensation (6,936) (7,985) (6,797)
Change in assets and liabilities:      
Accounts and notes receivable 4,244 (8,247) (4,387)
Inventory 3,140 (7,214) (116)
Prepaid expenses and other assets (8,579) (1,080) (569)
Accounts payable, accrued and other liabilities 5,868 9,852 6,560
Deferred revenue 15,289 15,469 8,096
Customer deposits 238 (166) 654
Net cash provided by operating activities 46,445 35,432 32,426
Cash flows from investing activities:      
Purchases of investments (62,464) (32,900) (29,112)
Proceeds from call / maturity of investments 44,105 10,997 9,380
Purchases of property and equipment (6,003) (2,505) (1,783)
Proceeds from disposal of fixed assets 40 10 34
Purchases of intangible assets (501) (183) (323)
Business acquisitions, net of cash acquired (11,186) 0 (1,258)
Net cash used in investing activities (36,009) (24,581) (23,062)
Cash flows from financing activities:      
Repurchase of common stock (7,556) (22,442) (25,000)
Proceeds from options exercised 2,673 11,000 15,357
Payroll tax payments for net-settled stock awards (1,370) (1,347) (309)
Payments on capital lease obligation (80) (36) (34)
Excess tax benefit from stock-based compensation 6,936 7,985 6,797
Net cash provided by (used in) financing activities 603 (4,840) (3,189)
Effect of exchange rate changes on cash and cash equivalents 120 85 (31)
Net increase in cash and cash equivalents 11,159 6,096 6,144
Cash and cash equivalents, beginning of year 48,367 42,271 36,127
Cash and cash equivalents, end of year $ 59,526 $ 48,367 $ 42,271