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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Consolidated net income $ 25,965 $ 41,437
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,329 32,630
Loss on repurchases of convertible notes 17,444  
Amortization of non-cash interest 10,943 8,749
Stock-based compensation 12,357 13,493
Reserves on current assets 6,751 4,083
Other non-cash adjustments 8,387 10,669
Deferred income taxes 14,691 19,996
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (8,615) 637
Inventory (12,019) (15,181)
Prepaid expenses and other current assets 728 1,182
Accounts payable and accrued liabilities 14,273 6,841
Accrued royalties 111 (47,112)
Accrued payroll and related expenses (4,356) (8,370)
Litigation liability (43,310) 4,795
Income taxes 10,534 (38,666)
Net cash provided by operating activities 100,213 35,183
Investing activities:    
Acquisition of Ellipse Technologies, net of cash acquired (380,080)  
Other acquisitions and investments (8,079) (1,357)
Purchases of intangible assets (5,918) (28,589)
Purchases of property and equipment (52,566) (47,976)
Purchases of marketable securities (128,956) (129,549)
Proceeds from sales of marketable securities 339,320 164,147
Sales of restricted investments   33,809
Purchases of restricted investments   (62,625)
Net cash used in investing activities (236,279) (72,140)
Financing activities:    
Incremental tax benefits related to stock-based compensation awards   9,928
Proceeds from the issuance of common stock 6,150 8,360
Payment of contingent consideration   (514)
Purchase of treasury stock (22,549) (43,937)
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 (1,545) (87)
Net cash provided by (used in) financing activities 206,061 (26,250)
Effect of exchange rate changes on cash 748 (543)
Increase (decrease) in cash and cash equivalents 70,743 (63,750)
Cash and cash equivalents at beginning of period 192,339 142,387
Cash and cash equivalents at end of period $ 263,082 $ 78,637