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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 53,376 $ 45,728 $ 44,158
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 13,035 11,741 11,553
Amortization of bond premiums 249 266 688
Allowance for Doubtful Accounts Receivable, Period Increase (Decrease) (25) (48) (22)
Provision for excess and obsolete inventories 625 178 135
Share-based compensation 4,357 2,891 2,178
Gain on disposition of assets (20) (59) (305)
Foreign currency transaction (gain) loss (22) 139 74
Interest income on note receivable (28) (30) (36)
Deferred income taxes 825 1,172 (2,111)
Write-off of note receivable 0 0 0
Changes in assets and liabilities:      
Accounts receivable 7,048 (5,884) (5,007)
Income tax receivable (1,537) 312 (257)
Inventories (9,478) (1,059) (5,613)
Prepaid expenses and other (83) 76 (305)
Accounts payable 654 (5,109) 3,512
Deferred revenue 417 189 782
Accrued liabilities and donations (5,470) 4,852 4,094
Net cash provided by operating activities 63,923 55,355 53,518
Investing Activities      
Capital expenditures (26,604) (20,967) (16,127)
Proceeds from sale of property, plant and equipment 28 63 319
Investment in certificates of deposits (4,112) (6,680) (9,940)
Maturities of certificates of deposits 10,560 6,098 9,310
Purchase of investments held to maturity (10,384) (14,183) (6,880)
Maturities of investments 10,021 11,408 14,197
Proceeds from called investments 3,514 1,013 3,029
Principal payments from note receivable 52 54 63
Net cash used in investing activities (16,925) (23,194) (6,029)
Financing Activities      
Borrowings under revolving credit facility 761 0 0
Payments under revolving credit facility (761) 0 0
Stock options exercised 2,063 2,795 1,318
Repurchase of stock (19,317) (36,558) (29,066)
Employee taxes paid by withholding shares (823) (585) (218)
Cash dividends paid to stockholders (12,676) (11,857) (9,656)
Net cash used in financing activities (30,753) (46,205) (37,622)
Net increase (decrease) in cash and cash equivalents 16,245 (14,044) 9,867
Cash and cash equivalents, beginning of year 7,908 21,952 12,085
Cash and cash equivalents, end of year $ 24,153 $ 7,908 $ 21,952