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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 26,446 $ 45,190
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 12,235 11,849
Amortization of intangibles 5,247 4,723
Loss on sale of property and equipment 270 170
Stock-based compensation expense 11,502 10,670
Amortization of premium on marketable securities 809 1,296
Deferred income taxes 152 (782)
Increase in accounts receivable allowances 128 75
Excess tax benefit from employee stock plans 0 (437)
Tax benefit (deficiency) associated with employee stock plans (189) 815
Change in operating assets and liabilities:    
Accounts receivable 888 1,933
Inventories 9,995 (14,639)
Prepaid expenses and other assets 4,278 9,955
Accounts payable (2,035) 2,509
Taxes payable and accrued liabilities (3,579) (3,257)
Deferred income on sales to distributors 1,241 3,017
Net cash provided by operating activities 67,388 73,087
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (7,619) (17,394)
Payment for purchase of building (Note 10) (10,389) 0
Payment for acquisition, net of cash acquired (Note 10) (15,549) 0
Other assets 0 (1,261)
Purchases of marketable securities (14,933) (45,269)
Proceeds from sales and maturities of marketable securities 37,459 0
Net cash used in investing activities (11,031) (63,924)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock under employee stock plans 6,902 13,104
Repurchase of common stock (53,731) (45,258)
Payments of dividends to stockholders (10,501) (9,654)
Excess tax benefit from employee stock plans 0 437
Net cash used in financing activities (57,330) (41,371)
NET DECREASE IN CASH AND CASH EQUIVALENTS (973) (32,208)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 60,708 92,928
CASH AND CASH EQUIVALENTS AT END OF PERIOD 59,735 60,720
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid property and equipment 3,216 4,359
Loan applied to CamSemi purchase price (Note 10) 6,600 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid (refund) for income taxes, net $ 1,007 $ (3,707)