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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 10,956 $ 14,829
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,744 2,310
Purchase accounting adjustments to goodwill 520  
Loss on inventory nonmonetary exchanges 147  
Loss (gain) on disposal of property and equipment, net 40 (13)
Loss on disposal of intangible assets 21 216
Bond premium amortization 980 1,252
Stock-based compensation 6,742 5,086
Deferred income taxes (2,672) (888)
Unrecognized tax benefits 17 (273)
Tax benefit from stock-based compensation (919) (6,314)
Change in assets and liabilities:    
Accounts and notes receivable (5,277) 7,718
Inventory (10,804) (37)
Prepaid expenses and other assets (19,573) (5,520)
Accounts payable, accrued and other liabilities 12,566 1,697
Deferred revenue 26,331 10,667
Customer deposits 140 (416)
Net cash provided by operating activities 21,959 30,314
Cash flows from investing activities:    
Purchases of investments (49,316) (50,598)
Proceeds from call / maturity of investments 55,235 32,719
Purchases of property and equipment (3,335) (3,839)
Proceeds from disposal of property and equipment 40 13
Purchases of intangible assets (339) (402)
Business acquisitions, net of cash acquired 0 (11,186)
Net cash provided by (used in) investing activities 2,285 (33,293)
Cash flows from financing activities:    
Repurchase of common stock (33,746) (7,556)
Proceeds from options exercised 431 2,573
Payroll tax payments for net-settled stock awards (1,299) (848)
Payments on capital lease obligation (29) (28)
Payments on notes payable (77) (26)
Tax benefit from stock-based compensation 919 6,314
Net cash (used in) provided by financing activities (33,801) 429
Effect of exchange rate changes on cash and cash equivalents 631 70
Net decrease in cash and cash equivalents (8,926) (2,480)
Cash and cash equivalents, beginning of period 59,526 48,367
Cash and cash equivalents, end of period 50,600 45,887
Supplemental disclosure:    
Cash paid for income taxes, net of refunds 11,308 5,830
Non-cash transactions    
Property and equipment purchases in accounts payable and accrued liabilities $ 145 $ 195