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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 36,365 $ 24,286
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,749 8,700
Stock-based compensation expense 5,034 3,958
Deferred taxes 1,620 1,608
Gain on sale of businesses (671)
Amortization of held-to-maturity securities 276 592
Other 7 77
Changes in operating assets and liabilities:    
Accounts receivable (2,648) (6,914)
Inventories 389 175
Prepaid expenses and other (1,059) (775)
Income taxes 133 1,769
Accounts payable 4,408 2,534
Accrued liabilities and other 2,714 3,417
Net cash provided by operating activities 59,317 39,427
Investing activities    
Purchases of property and equipment (43,194) (13,301)
Cash used for acquisitions, net of cash acquired (90)
Proceeds from sale of businesses 284
Purchases of marketable securities (17,129) (20,037)
Proceeds from maturities of marketable securities 29,056 25,194
Purchases of other assets and investments (514)
Net cash used in investing activities (31,073) (8,658)
Financing activities    
Payments on debt (5,000)
Proceeds from exercises of stock options and other 3,306 3,791
Repurchases of common stock (4,410)
Net cash used in financing activities (1,694) (619)
Effect of exchange rate changes on cash and cash equivalents (652) 251
Net increase in cash and cash equivalents 25,898 30,401
Cash and cash equivalents, beginning of period 36,707 68,795
Cash and cash equivalents, end of period $ 62,605 $ 99,196