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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 $ 63,908 $ 50,831
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,865 14,874
Operating lease cost 29,679  
Share-based compensation 7,401 6,015
Other non-cash items (634) 2,172
Changes in operating assets and liabilities:    
Accounts receivable, net of allowances (73,000) (73,845)
Inventories (9,955) (6,506)
Prepaid expenses and other assets (912) (1,089)
Accounts payable, accrued expenses and other liabilities 26,548 48,409
Operating lease liabilities (34,732)  
Cash provided by operating activities 20,168 40,861
Cash flows from investing activities:    
Purchases of property, equipment, and software (18,722) (3,246)
Proceeds from disposal of property and equipment 260 34
Cash used in investing activities (18,462) (3,212)
Cash flows from financing activities:    
Proceeds from bank borrowings 95,000 0
Repayments of bank borrowings 0 (669)
Dividends—Series A convertible preferred stock [1] (2,985) (6,000)
Repurchases of common stock (108,475) (25,946)
Other (1,635) (208)
Cash used in financing activities (18,095) (32,823)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 410 (6,183)
Net change in cash, cash equivalents, and restricted cash (15,979) (1,357)
Cash, cash equivalents, and restricted cash—beginning of period 127,530 177,055
Cash, cash equivalents, and restricted cash—end of period $ 111,551 $ 175,698
[1] Represents $3.0 million paid to induce conversion of Series A Convertible Preferred Stock to common stock for the six months ended June 30, 2019 and $6.0 million paid in Series A Convertible Preferred Stock cash dividends for the six months ended June 30, 2018.