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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 47,890 $ 39,147 $ 59,544
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 16,812 16,464 15,884
Amortization of intangibles 6,663 7,039 6,072
Loss on disposal of property and equipment 332 361 250
Stock-based compensation expense 20,885 14,767 14,282
Accretion (Amortization) of Discounts and Premiums, Investments 555 1,063 1,694
Deferred income taxes (660) (5,416) 157
Allowance for Doubtful Accounts Receivable, Period Increase (Decrease) 207 127 70
Excess tax benefit from employee stock plans 0 0 (437)
Tax (Shortfall) Benefit Associated With Employee Stock Plans 0 (189) 815
Change in operating assets and liabilities:      
Accounts receivable 650 4,131 2,133
Inventories (630) 13,500 (21,703)
Prepaid expenses and other assets (2,499) 3,391 8,211
Accounts payable 7,714 (2,000) 2,337
Taxes payable and accrued liabilities (1,124) (76) (3,242)
Deferred income on sales to distributors 1,106 (122) (505)
Net cash provided by operating activities 97,901 92,187 85,562
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (12,198) (11,359) (23,071)
Other assets 0 0 (1,261)
Payment for purchase of building (Note 11) 0 (10,389) 0
Payment for acquisition, net of cash acquired (Note 11) 0 (15,549) 0
Loans to third parties (Notes 11) 0 0 (6,600)
Purchases of marketable securities (188,654) (29,748) (45,269)
Proceeds from sales and maturities of marketable securities 83,423 59,309 38,052
Net cash used in investing activities (117,429) (7,736) (38,149)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of common stock under employee stock plans 13,059 12,580 13,855
Repurchase of common stock (6,435) (53,731) (80,760)
Payments of dividends to stockholders (15,054) (13,916) (13,165)
Excess tax benefit from employee stock plans 0 0 437
Net cash used in financing activities (8,430) (55,067) (79,633)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (27,958) 29,384 (32,220)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 90,092 60,708 92,928
CASH AND CASH EQUIVALENTS AT END OF PERIOD 62,134 90,092 60,708
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Unpaid property and equipment 1,825 1,472 1,733
Loan applied to CamSemi purchase price (Note 11) 0 6,600 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid (refund) for income taxes, net of refunds (Note 8) $ 6,613 $ 473 $ (3,121)