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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 33,372 $ 50,867 $ 63,655
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 40,488 32,594 30,864
Stock-based compensation expense 19,095 14,673 10,781
Deferred taxes 339 7,577 6,106
Amortization of marketable securities 0 415 5
Realized loss on available-sale-securities 567 0 0
Changes in fair value of contingent consideration (13,253) 0 0
Other 275 (336) 391
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (20,112) (91) 1,848
Inventories (2,390) (662) 60
Prepaid expenses and other 64 (1,680) 545
Income taxes (774) (1,960) 6,555
Accounts payable 4,654 1,492 (719)
Accrued liabilities and other (7,083) 4,080 (4,039)
Net cash provided by operating activities 55,242 106,969 116,052
Investing activities      
Purchases of property, equipment and other capital assets (34,209) (47,010) (62,230)
Cash used for acquisitions, net of cash acquired (127,413) 0 0
Purchases of other assets and investments 0 (3,000) (4,000)
Purchases of marketable securities (16,159) (113,200) (46,403)
Proceeds from sales of marketable securities 64,913 0 0
Proceeds from maturities of marketable securities 18,204 67,737 68,330
Net cash used in investing activities (94,664) (95,473) (44,303)
Financing activities      
Proceeds from exercises of stock options 5,862 7,557 4,391
Purchases of shares withheld for tax obligations (4,225) (3,443) (2,487)
Repurchases of common stock (23,279) (14,686) (33,521)
Principal repayments of finance lease obligations (552) (154) 0
Other 4 0 0
Net cash used in financing activities (22,198) (10,726) (31,617)
Effect of exchange rate changes on cash and cash equivalents (54) 1,608 47
Net (decrease) increase in cash and cash equivalents (61,674) 2,378 40,179
Cash and cash equivalents, beginning of period 127,603 125,225 85,046
Cash and cash equivalents, end of period 65,929 127,603 125,225
Supplemental cash flow disclosure      
Cash paid for interest 28 23 14
Cash paid for taxes $ 7,583 $ 5,650 $ 4,002