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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 22,139 $ 21,058
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,940 4,683
Stock-based compensation expense 2,909 2,248
Deferred taxes 620 107
Excess tax benefit from stock-based compensation (989) (1,623)
Amortization of held-to-maturity securities 632 854
Changes in operating assets and liabilities:    
Accounts receivable (5,219) (5,742)
Inventories (663) (306)
Prepaid expenses and other (469) (372)
Income taxes (3,687) 2,431
Accounts payable 3,377 5,143
Accrued liabilities and other 2,243 (2,464)
Net cash provided by operating activities 27,833 26,017
Investing activities    
Purchases of property and equipment $ (15,717) (31,625)
Acquisitions, net of cash acquired   (33,864)
Purchases of marketable securities $ (25,389) (38,463)
Proceeds from sales and maturities of marketable securities 24,109 55,441
Net cash used in investing activities (16,997) (48,511)
Financing activities    
Payments on debt (77) (954)
Acquisition-related contingent consideration (1,000) (400)
Proceeds from exercises of stock options and other 2,207 1,806
Excess tax benefit from stock-based compensation 989 1,623
Net cash provided by financing activities 2,119 2,075
Effect of exchange rate changes on cash and cash equivalents 40 234
Net increase (decrease) in cash and cash equivalents 12,995 (20,185)
Cash and cash equivalents, beginning of period 43,329 43,039
Cash and cash equivalents, end of period $ 56,324 $ 22,854