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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Consolidated net (loss) income $ (9,343) $ 31,397
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 21,224 16,051
Loss on repurchases of convertible notes 17,444  
Amortization of non-cash interest 5,112 4,331
Stock-based compensation 4,492 7,611
Reserves on current assets 4,162 633
Other non-cash adjustments 3,491 6,172
Deferred income taxes 1,794 11,015
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 6,939 5,931
Inventory (9,449) (11,367)
Prepaid expenses and other current assets 1,303 444
Accounts payable and accrued liabilities 10,040 17,428
Accrued royalties (19) (47,459)
Accrued payroll and related expenses (9,219) (10,163)
Litigation liability   7,730
Income taxes 9,421 (13,731)
Net cash provided by operating activities 57,392 26,023
Investing activities:    
Acquisition of Ellipse Technologies, net of cash acquired (380,674)  
Other acquisitions and investments (8,079) (1,357)
Purchases of intangible assets (1,027) (27,389)
Purchases of property and equipment (18,279) (30,694)
Purchases of marketable securities (36,096) (71,129)
Proceeds from sales of marketable securities 253,435 105,794
Purchases of restricted investments   (32,616)
Net cash used in investing activities (190,720) (57,391)
Financing activities:    
Incremental tax benefits related to stock-based compensation awards   8,092
Proceeds from the issuance of common stock 444 1,403
Payment of contingent consideration   (514)
Purchase of treasury stock (12,599) (30,944)
Proceeds from issuance of convertible debt, net of issuance costs 634,140  
Proceeds from sale of warrants 44,850  
Purchase of convertible note hedge (111,150)  
Repurchases of convertible notes (343,835)  
Proceeds from revolving line of credit 50,000  
Repayments on revolving line of credit (50,000)  
Other financing activities (1,442) (45)
Net cash provided by (used in) financing activities 210,408 (22,008)
Effect of exchange rate changes on cash 686 (517)
Increase (decrease) in cash and cash equivalents 77,766 (53,893)
Cash and cash equivalents at beginning of period 192,339 142,387
Cash and cash equivalents at end of period $ 270,105 $ 88,494