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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows provided by operating activities:    
Net income $ 15,616 $ 14,432
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 1,271 738
Amortization of intangible assets 21 21
Amortization of premiums on available-for-sale marketable securities 332
Stock-based compensation 3,100 1,832
Realized losses on Cash Flow Hedges 1
Changes in assets and liabilities:    
Inventories 13,120 (5,956)
Prepaid expenses and other accounts receivable 4,176 11,811
Trade receivables, net (12,102) (11,928)
Deferred tax assets, net 2,180
Trade payables (8,200) (13,500)
Employees and payroll accruals 1,879 1,044
Warranty obligations 5,216 4,025
Deferred revenues (63) 1,970
Accrued expenses and other accounts payable (2,015) 1,467
Lease incentive obligation (162) (11)
Net cash provided by operating activities 24,369 5,946
Cash flows used in investing activities:    
Purchase of property and equipment (3,815) (3,292)
Purchase of intangible assets (800)
Decrease (increase) in restricted cash (18) 51
Decrease (increase) in short and long-term lease deposits (29) 73
Investment in available-for-sale marketable securities (19,928)
Maturities of available-for-sale marketable securities 15,304
Net cash used in investing activities (8,486) (3,968)
Cash flows from financing activities:    
Proceeds from issuance of shares upon exercise of options 273 17
Net cash provided by financing activities 273 17
Increase in cash and cash equivalents 16,156 1,995
Cash and cash equivalents at the beginning of the period 74,032 144,750
Effect of exchange rate differences on cash and cash equivalents (174) (16)
Cash and cash equivalents at the end of the period $ 90,014 $ 146,729