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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 125,406 $ 77,178
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,807 9,724
Stock-based compensation 42,708 32,325
Deferred income taxes (13,720) (15,483)
Excess tax benefit on stock-based compensation (30,043) (32,381)
Amortization of investment premiums 994 1,332
Changes in operating assets and liabilities:    
Accounts receivable (65,980) (63,248)
Inventories (69,998) (31,915)
Prepaid expenses and other current assets (98,050) (19,352)
Other assets 3,208 (3,092)
Accounts payable 35,510 (145)
Accrued liabilities 15,913 18,102
Deferred revenue 88,027 84,238
Income taxes payable 27,275 24,759
Other liabilities 2,628 1,980
Net cash provided by operating activities 78,685 84,022
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturity of marketable securities 41,917 58,200
Purchases of marketable securities (342,484) 0
Purchases of property and equipment (15,787) (13,974)
Investment in privately-held companies (2,500) 0
Change in restricted cash 0 (4,039)
Purchases of intangible assets (697) (743)
Net cash (used in) provided by investing activities (319,551) 39,444
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments of lease financing obligations (960) (778)
Proceeds from issuance of common stock upon exercising options, net of repurchases 15,556 14,562
Minimum tax withholding paid on behalf of employees for net share settlement (811) 0
Proceeds from issuance of common stock under employee stock purchase plan 10,326 9,366
Excess tax benefit on stock-based compensation 30,043 32,381
Issuance costs from initial public offering 0 (261)
Net cash provided by financing activities 54,154 55,270
Effect of exchange rate changes (133) (267)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (186,845) 178,469
CASH AND CASH EQUIVALENTS—Beginning of period 687,326 240,031
CASH AND CASH EQUIVALENTS—End of period 500,481 418,500
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 34,426 3,806
Cash paid for interest—lease financing obligation 2,196 2,257
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment included in accounts payable and accrued liabilities $ 1,313 $ 916