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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 47,248 $ 44,507
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14,369 13,323
Amortization of intangibles 3,967 4,631
Loss on disposal of property and equipment 455 324
Stock-based compensation expense 16,138 17,822
Amortization of premium on marketable securities 342 803
Deferred income taxes (1,395) (485)
Increase in accounts receivable allowances 170 209
Change in operating assets and liabilities:    
Accounts receivable 2,886 (10,873)
Inventories (17,114) (2,594)
Prepaid expenses and other assets (2,721) (21,048)
Accounts payable 2,647 5,299
Taxes payable and accrued liabilities (1,357) 2,679
Net cash provided by operating activities 65,635 54,597
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (19,120) (29,567)
Acquisition of technology licenses (900) 0
Purchases of marketable securities (58,221) (146,073)
Proceeds from sales and maturities of marketable securities 147,501 120,695
Net cash provided by (used in) investing activities 69,260 (54,945)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock under employee stock plans 8,550 8,111
Repurchase of common stock (74,377) (6,734)
Payments of dividends to stockholders (14,172) (12,463)
Proceeds from draw on line of credit 8,000 5,000
Payments on line of credit (8,000) (5,000)
Net cash used in financing activities (79,999) (11,086)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 54,896 (11,434)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 93,655 62,134
CASH AND CASH EQUIVALENTS AT END OF PERIOD 148,551 50,700
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid property and equipment 3,424 5,273
Unpaid technology licenses 100 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid (refund) for income taxes, net $ 5,897 $ (1,593)