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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 46,874 $ 46,062
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,994 5,830
Loss on sales of property and equipment 15 0
Amortization of premium on available-for-sale securities 216 808
Gain on deferred compensation plan investments (2,555) (233)
Deferred taxes, net (20) 12
Stock-based compensation expense 38,719 30,921
Changes in operating assets and liabilities:    
Accounts receivable (176) (16,325)
Inventories (7,205) (29,602)
Other assets (42) (983)
Accounts payable 2,153 3,032
Accrued compensation and related benefits 4,124 103
Accrued liabilities 423 539
Income tax liabilities (6,627) 1,546
Net cash provided by operating activities 82,893 41,710
Cash flows from investing activities:    
Purchases of property and equipment (77,638) (12,998)
Acquisition of in-place leases (981) 0
Purchases of short-term investments (21,546) (67,002)
Proceeds from maturities and sales of short-term investments 57,999 51,059
Proceeds from sales of long-term investments 75 0
Proceeds from sales of property and equipment 1,456 0
Contributions to deferred compensation plan, net (1,435) (911)
Net cash used in investing activities (42,070) (29,852)
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (3) 0
Proceeds from exercise of stock options 0 59
Proceeds from vesting of restricted stock units 12,471 8,709
Proceeds from shares issued under the employee stock purchase plan 1,627 1,562
Dividends and dividend equivalents paid (30,784) (21,467)
Net cash used in financing activities (16,689) (11,137)
Effect of change in exchange rates 175 (407)
Net increase in cash, cash equivalents and restricted cash 24,309 314
Cash, cash equivalents and restricted cash, beginning of period 172,818 82,874
Cash, cash equivalents and restricted cash, end of period 197,127 83,188
Supplemental disclosures for cash flow information:    
Cash paid for taxes 7,168 3,884
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 3,028 2,939
Liability accrued for dividends and dividend equivalents $ 19,749 $ 14,530