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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 29,581 $ 28,001
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,691 8,469
Amortization of intangibles 2,668 3,178
Loss on disposal of property and equipment 60 38
Stock-based compensation expense 11,740 11,296
Amortization of premium on marketable securities 376 508
Deferred income taxes (900) (648)
Increase in accounts receivable allowances 17 80
Change in operating assets and liabilities:    
Accounts receivable 9,938 (12,249)
Inventories (11,737) 132
Prepaid expenses and other assets (1,388) (8,349)
Accounts payable (7,276) (3,629)
Taxes payable and accrued liabilities (344) 3,208
Net cash provided by operating activities 42,426 30,035
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (10,513) (22,876)
Acquisition of technology licenses (500) 0
Purchases of marketable securities 0 (111,574)
Proceeds from sales and maturities of marketable securities 90,353 78,140
Net cash provided by (used in) investing activities 79,340 (56,310)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock under employee stock plans 5,635 5,089
Repurchase of common stock (63,389) 0
Payments of dividends to stockholders (9,480) (8,299)
Proceeds from draw on line of credit 8,000 0
Payments on line of credit (8,000) 0
Net cash used in financing activities (67,234) (3,210)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 54,532 (29,485)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 93,655 62,134
CASH AND CASH EQUIVALENTS AT END OF PERIOD 148,187 32,649
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid property and equipment 4,996 5,851
Unpaid technology licenses 500 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid (refund) for income taxes, net $ 4,178 $ (1,775)