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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 39,147 $ 59,544 $ 57,266
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 16,464 15,884 16,088
Amortization of intangibles 7,039 6,072 7,404
Loss (gain) on disposal of property and equipment 361 250 (131)
Gain on sale of asset held for sale 0 0 (497)
Stock-based compensation expense 14,767 14,282 16,485
Amortization of premium on marketable securities 1,063 1,694 789
Deferred income taxes (5,416) 157 (2,781)
Allowance for Doubtful Accounts Receivable, Period Increase (Decrease) 127 70 (127)
Excess tax benefit from employee stock plans 0 (437) (734)
Tax (Shortfall) Benefit Associated With Employee Stock Plans (189) 815 1,284
Change in operating assets and liabilities:      
Accounts receivable 4,131 2,133 (4,936)
Inventories 13,500 (21,703) 2,375
Prepaid expenses and other assets 3,391 8,211 (1,523)
Accounts payable (2,000) 2,337 2,467
Taxes payable and accrued liabilities (76) (3,242) 1,065
Deferred income on sales to distributors (122) (505) 4,177
Net cash provided by operating activities 92,187 85,562 98,671
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (11,359) (23,071) (13,960)
Proceeds from sale of property and equipment 0 0 36
Proceeds from sale of assets held for sale 0 0 959
Other assets 0 (1,261) 0
Payment for purchase of building (Note 11) (10,389) 0 0
Payment for acquisition, net of cash acquired (Note 11) (15,549) 0 0
Collections of financing lease receivables and other receivables 0 0 433
Loans to third parties (Notes 11) 0 (6,600) 0
Purchases of marketable securities (29,748) (45,269) (109,482)
Proceeds from sales and maturities of marketable securities 59,309 38,052 31,350
Net cash used in investing activities (7,736) (38,149) (90,664)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of common stock under employee stock plans 12,580 13,855 30,239
Repurchase of common stock (53,731) (80,760) 0
Payments of dividends to stockholders (13,916) (13,165) (9,446)
Excess tax benefit from employee stock plans 0 437 734
Net cash (used in) provided by financing activities (55,067) (79,633) 21,527
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 29,384 (32,220) 29,534
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 60,708 92,928 63,394
CASH AND CASH EQUIVALENTS AT END OF PERIOD 90,092 60,708 92,928
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Unpaid property and equipment 1,472 1,733 2,862
Loan applied to CamSemi purchase price (Note 11) 6,600 0 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid (refund) for income taxes, net of refunds (Note 8) $ 473 $ (3,121) $ (4,137)