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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 86,772 $ 73,957
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,298 4,435
Amortization of debt issuance costs 74 61
Stock-based compensation 2,135 2,065
Loss on disposal of fixed assets 562 13
Deferred income taxes 2,402 12,721
Tax benefit from exercise of stock options 0 (36)
Payment of legal settlement 0 (32,000)
Effect of changes in operating assets and liabilities:    
Receivables (15,773) (4,212)
Inventories (18,525) (3,923)
Prepaid expenses and other assets (1,002) (334)
Accounts payable 15,415 2,741
Other liabilities (14,318) (835)
Net cash provided by operating activities 63,040 54,653
Cash flows from investing activities:    
Capital expenditures (32,937) (3,766)
Net cash used in investing activities (32,937) (3,766)
Cash flows from financing activities:    
Proceeds from borrowings of new debt 400,000 0
Repayment of long-term debt (382,147) 0
Payments related to long-term refinancing (4,382) 0
Principal payments on long-term debt (990) (1,980)
Tax benefit from exercise of stock options 0 36
Proceeds from exercise of stock options 3,292 373
Net cash provided by (used in) financing activities 15,773 (1,571)
Effect of exchange rate changes on cash and cash equivalents 198 (14)
Net increase in cash and cash equivalents 46,074 49,302
Cash and cash equivalents at beginning of period 292,656 224,253
Cash and cash equivalents at end of period $ 338,730 $ 273,555