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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 30,036 $ 38,728
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,865 11,025
Amortization of bond premiums 11 39
Provision for losses on accounts receivable, net of adjustments 67 180
Provision for excess and obsolete inventories 55 54
Share-based compensation 5,614 4,960
(Gain) loss on disposal of assets (9) 46
Foreign currency transaction gain (20) (65)
Interest income on note receivable 27 (18)
Deferred 864 1,147
Changes in assets and liabilities:    
Accounts receivable 146 (14,521)
Income taxes (649) 6,239
Inventories (7,071) (18,819)
Prepaid expenses and other (792) (141)
Accounts payable 4,328 3,781
Deferred revenue (1,644) 416
Accrued liabilities and donations 364 8,814
Net cash provided by operating activities 44,192 41,865
Investing Activities    
Capital expenditures (34,328) (26,436)
Cash paid in business combination (6,377) 0
Proceeds from sale of property, plant and equipment 11 8
Investment in certificates of deposits (7,200) (5,280)
Maturities of certificates of deposits 7,920 5,752
Purchases of investments held to maturity (9,001) (13,241)
Maturities of investments 13,320 15,443
Proceeds from called investments 495 500
Principal payments from note receivable 32 48
Net cash used in investing activities (35,128) (23,206)
Financing Activities    
Stock options exercised 3,504 1,715
Repurchase of stock (17,500) (12,991)
Employee taxes paid by withholding shares (860) (1,193)
Cash dividends paid to stockholders (8,400) (6,828)
Net cash used in financing activities (23,256) (19,297)
Net decrease in cash and cash equivalents (14,192) (638)
Cash and cash equivalents, beginning of period 21,457 24,153
Cash and cash equivalents, end of period $ 7,265 $ 23,515