XML 53 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 111,380 $ 9,977 $ 13,540
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 23,868 19,745 5,777
Deferred income taxes (3,454) (228) 7,379
Share-based compensation 35,019 21,412 14,101
Gain on investments (896) (15) (25)
Excess tax benefit from share-based compensation (5,141) (2,411) (1,101)
Changes in assets and liabilities, net of effect of acquisition:      
Accounts receivable (10,301) (15,899) 525
Inventories (19,436) (8,639) (2,951)
Prepaid expenses and other assets (3,239) (513) 689
Accounts payable 3,430 21,065 (2,249)
Accrued liabilities and other liabilities 51,259 18,645 5,547
Net cash provided by operating activities 182,489 63,139 41,232
Cash flows from investing activities:      
Acquisition of Voltaire Ltd., net of cash acquired of $3,961   (203,704)  
Purchase of severance-related insurance policies (783) (832) (789)
Purchase of short-term investments (328,998) (45,600) (182,615)
Proceeds from sales of short-term investments 14,860 149,889 157,377
Proceeds from maturities of short-term investments 64,683 12,128 50,628
Purchase of property and equipment (30,544) (24,680) (11,395)
Increase in restricted cash deposit 1,327 (1,700)  
Purchase of equity investment in a private company (1,424)   (135)
Net cash (used in) provided by investing activities (280,879) (114,499) 13,071
Cash flows from financing activities:      
Proceeds from public offering, net   104,201  
Principal payments on capital lease obligations (918) (459) (528)
Proceeds from exercise of share awards 29,963 18,471 9,478
Excess tax benefit from share-based compensation 5,141 2,411 1,101
Net cash provided by financing activities 34,186 124,624 10,051
Net (decrease) increase in cash and cash equivalents (64,204) 73,264 64,354
Cash and cash equivalents at beginning of period 181,258 107,994 43,640
Cash and cash equivalents at end of period 117,054 181,258 107,994
Supplemental disclosures of cash flow information      
Interest paid     1
Income taxes paid 852 469 1,550
Supplemental disclosure of noncash investing and financing activities      
Software acquired under capital leases 4,428 563  
Unpaid property and equipment 3,869    
Inventory capitalization 1,073   562
Vested share awards issued in connection with the Voltaire acquisition   $ 6,303