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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 28,584 $ 23,438
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,776 2,432
Deferred taxes 6,144 (2,910)
Stock-based compensation expense 3,188 2,580
Provision for excess and obsolete inventory 1,170 1,014
Changes in operating assets & liabilities:    
Accounts receivable 530 2,699
Inventories (9,330) (7,527)
Prepaid expenses and other current assets (1,272) (4,253)
Accounts payable and other current liabilities (8,032) 10,788
Deferred revenue (1,358) 3,859
Income taxes (104) 7
Other assets and liabilities (6,956) (730)
Net cash provided by operating activities 15,340 31,397
Cash flows from investing activities    
Expenditures for property, plant and equipment and capitalized software (1,675) (1,849)
Net cash used in investing activities (1,675) (1,849)
Cash flows from financing activities    
Net settlement on restricted stock grants (1,387) (1,134)
Proceeds from Employee Stock Purchase Plan 437 349
Proceeds from exercise of stock options 822 9,290
Net cash (used in) provided by financing activities (128) 8,505
Effect of exchange rate changes on cash and cash equivalents 525 (357)
Net increase in cash, cash equivalents and restricted cash 14,062 37,696
Cash, cash equivalents and restricted cash at beginning of period 140,880 77,655
Cash, cash equivalents and restricted cash at end of period $ 154,942 $ 115,351