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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 10,902 $ 4,260
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,914 4,129
Amortization of bond premiums 0 5
Provision for losses on accounts receivable, net of adjustments 115 (11)
Provision for excess and obsolete inventories 357 101
Share-based compensation 2,030 1,724
Loss (gain) on disposal of assets 284 (7)
Foreign currency transaction gain (16) 3
Interest income on note receivable (6) 9
Deferred 1,887 420
Changes in assets and liabilities:    
Accounts receivable (4,725) (2,897)
Income taxes 1,348 (5,673)
Inventories 2,678 3,447
Prepaid expenses and other (561) (712)
Accounts payable (5,730) 9,833
Deferred revenue 25 37
Accrued liabilities and donations 411 (3,924)
Net cash provided by operating activities 14,913 10,744
Investing Activities    
Capital expenditures (8,772) (8,451)
Cash paid in business combination 0 (6,000)
Proceeds from sale of property, plant and equipment 52 6
Investment in certificates of deposits 0 (4,320)
Maturities of certificates of deposits 0 1,200
Purchases of investments held to maturity 0 (7,495)
Maturities of investments 0 4,230
Proceeds from called investments 0 395
Principal payments from note receivable 17 14
Net cash used in investing activities (8,703) (20,421)
Financing Activities    
Stock options exercised 4,010 1,340
Repurchase of stock (4,483) (4,379)
Employee taxes paid by withholding shares (588) (568)
Net cash used in financing activities (1,061) (3,607)
Net increase (decrease) in cash and cash equivalents 5,149 (13,284)
Cash and cash equivalents, beginning of period 1,994 21,457
Cash and cash equivalents, end of period $ 7,143 $ 8,173