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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flows from operating activities:      
Net income $ 65,203 $ 52,720 $ 35,172
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of intangible assets 16,101 14,674 13,783
(Gain) loss on sales or write-off of property and equipment (3) 57 (339)
Amortization of premium on available-for-sale investments 1,976 1,019 463
(Gain) loss on deferred compensation plan investments (2,531) (1,257) 133
Change in fair value of contingent consideration (2,507)
Deferred taxes, net (15,238) (5) 42
Excess tax benefits from equity awards (1,465) (5,928)
Stock-based compensation expense 52,617 44,989 41,563
Changes in operating assets and liabilities:      
Accounts receivable (3,785) (3,421) (5,201)
Inventories (27,795) (8,323) (22,210)
Other assets 1,603 (11,021) (390)
Accounts payable 3,077 5,483 147
Accrued compensation and related benefits 2,397 3,136 1,068
Accrued liabilities 10,852 8,035 9,942
Income tax liabilities 29,347 3,165 3,998
Net cash provided by operating activities 133,821 107,786 69,736
Cash flows from investing activities:      
Property and equipment purchases (65,773) (37,112) (16,024)
Proceeds from sales of property and equipment 3 340
Purchases of short-term investments (140,531) (236,912) (223,018)
Proceeds from maturities and sales of short-term investments 77,502 223,344 189,549
Contributions to deferred compensation plan, net (5,261) (5,046) (8,044)
Net cash used in investing activities (134,060) (55,726) (57,197)
Cash flows from financing activities:      
Property and equipment purchased on extended payment terms (250) (300) (300)
Proceeds from exercise of stock options 150 1,344 7,744
Proceeds from shares issued under the employee stock purchase plan 2,701 2,463 2,227
Repurchase of common shares (32,286)
Dividends and dividend equivalents paid (33,926) (33,099) (29,965)
Excess tax benefits from equity awards 1,465 5,928
Net cash used in financing activities (31,325) (28,127) (46,652)
Effect of change in exchange rates 1,620 (2,090) (1,293)
Net increase (decrease) in cash and cash equivalents (29,944) 21,843 (35,406)
Cash and cash equivalents, beginning of period 112,703 90,860 126,266
Cash and cash equivalents, end of period 82,759 112,703 90,860
Supplemental disclosures for cash flow information:      
Cash paid for taxes and interest 3,619 1,234 3,322
Supplemental disclosures of non-cash investing and financing activities:      
Liability accrued for property and equipment purchases 3,061 787 2,184
Liability accrued for dividends and dividend equivalents $ 10,686 $ 10,416 $ 10,109