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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income $ 10,806 $ 8,399
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,171 2,804
Amortization of bond premiums 83 61
Provision for losses on accounts receivable, net of adjustments 123 (59)
Provision for excess and obsolete inventories 137 41
Share-based compensation 948 438
Excess tax benefits from stock options exercised and restricted stock awards vested (745) (1,098)
(Gain) loss on disposal of assets (8) 5
Foreign currency transaction (gain) loss (48) 70
Interest income on note receivable (7) (8)
Deferred income taxes (1,030) (443)
Changes in assets and liabilities:    
Accounts receivable 7,900 4,286
Income taxes 6,734 1,286
Inventories (4,117) (6,969)
Prepaid expenses and other (1,950) (301)
Accounts payable (3,129) (1,316)
Deferred revenue 110 64
Accrued liabilities and donations (3,730) (2,925)
Net cash provided by operating activities 15,248 4,335
Investing Activities    
Capital expenditures (7,332) (3,587)
Proceeds from sale of property, plant and equipment 8 0
Maturities of certificates of deposits 1,200 2,638
Maturities of investments 1,700 8,445
Proceeds from called investments 505 504
Principal payments from note receivable 13 14
Net cash (used in) provided by investing activities (3,906) 8,014
Financing Activities    
Stock options exercised 709 1,082
Excess tax benefits from stock options exercised and restricted stock awards vested 745 1,098
Repurchase of stock (3,456) (2,955)
Net cash used in financing activities (2,002) (775)
Net increase in cash and cash equivalents 9,340 11,574
Cash and cash equivalents, beginning of period 7,908 21,952
Cash and cash equivalents, end of period $ 17,248 $ 33,526