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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,484 $ 2,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,777 2,850
Loss on disposal of fixed assets 0 96
Share–based compensation expense 2,317 1,347
Deferred income tax (benefit) expense (276) 431
Other charges 3 (2)
Changes in operating assets and liabilities:    
Receivables (8,872) (4,652)
Inventories 7,098 2,484
Other assets 1,017 356
Accounts payable 22,557 11,308
Accrued payroll and related benefits (6,981) (3,308)
Deferred revenue 10,223 5,152
Income taxes 2,234 (70)
Other accrued expenses and liabilities 434 1,475
Net cash provided by operating activities 41,015 20,019
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of short term investments (6,496) (4,385)
Proceeds from sales of short term investments 1,937 2,214
Capital additions (2,432) (2,718)
Net cash used in investing activities (6,991) (4,889)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Exercise of stock options 1,803 0
Employee tax withholdings related to the vesting of equity awards (1,330) (2,455)
Excess tax benefits from share-based compensation 0 862
Repurchase and retirement of common stock to satisfy employee tax withholdings (785) 0
Payment of dividends (5,318) (5,180)
Net cash used in financing activities (5,630) (6,773)
NET INCREASE IN CASH AND CASH EQUIVALENTS 28,394 8,357
CASH AND CASH EQUIVALENTS, beginning of period 9,623 6,191
CASH AND CASH EQUIVALENTS, end of period $ 38,017 $ 14,548