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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 35,756 $ 26,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,328 3,255
(Gain) loss on disposal and sale of property and equipment, net (1) 14
Amortization of premium on available-for-sale securities 494 121
(Gain) loss on deferred compensation plan investments 3,750 (1,935)
Deferred taxes, net 3,412 (33)
Stock-based compensation expense 18,562 16,010
Changes in operating assets and liabilities:    
Accounts receivable (1,635) (3,676)
Inventories (3,994) (6,171)
Other assets (10,061) (1,576)
Accounts payable 7,185 4,778
Accrued compensation and related benefits (7,374) 4
Income tax liabilities 34 (1,491)
Other accrued liabilities 963 3,355
Net cash provided by operating activities 51,419 38,836
Cash flows from investing activities:    
Purchases of property and equipment (9,952) (58,376)
Acquisition of in-place leases 0 (981)
Purchases of short-term investments (101,566) 0
Proceeds from maturities and sales of short-term investments 47,397 28,076
Proceeds from sales of long-term investments 100 0
Proceeds from sales of property and equipment 1 1,456
Contributions to deferred compensation plan, net (438) (956)
Net cash used in investing activities (64,458) (30,781)
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (279) (10)
Proceeds from common stock issued under the employee equity incentive plan 11,758 10,383
Proceeds from common stock issued under the employee stock purchase plan 1,892 1,627
Dividends and dividend equivalents paid (17,427) (12,761)
Net cash used in financing activities (4,056) (761)
Effect of change in exchange rates (985) 1,770
Net increase (decrease) in cash, cash equivalents and restricted cash (18,080) 9,064
Cash, cash equivalents and restricted cash, beginning of period 173,076 172,818
Cash, cash equivalents and restricted cash, end of period 154,996 181,882
Supplemental disclosures for cash flow information:    
Cash paid for taxes 279 393
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 10,909 958
Liability accrued for dividends and dividend equivalents $ 23,725 $ 18,534