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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 123,713 $ 43,898
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 23,400 17,071
Amortization of intangibles 2,699 3,283
Loss on disposal of property and equipment 2,200 311
Stock-based compensation expense 27,325 22,049
Amortization of premium on marketable securities 775 525
Deferred income taxes (12) 100
Increase in accounts receivable allowance for credit losses 17 155
Change in operating assets and liabilities:    
Accounts receivable (2,979) (5,328)
Inventories 11,064 (14,425)
Prepaid expenses and other assets (4,973) 6,133
Accounts payable 6,633 6,365
Taxes payable and accrued liabilities (6,157) (864)
Net cash provided by operating activities 183,705 79,273
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (30,305) (35,738)
Proceeds from sale of property and equipment 35 331
Purchases of marketable securities (381,903) (66,066)
Proceeds from sales and maturities of marketable securities 284,036 86,995
Net cash used in investing activities (128,137) (14,478)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock under employee stock plans 7,710 9,662
Repurchase of common stock (36,165) (2,636)
Payments of dividends to stockholders (23,552) (18,497)
Net cash used in financing activities (52,007) (11,471)
NET INCREASE IN CASH AND CASH EQUIVALENTS 3,561 53,324
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 258,874 178,690
CASH AND CASH EQUIVALENTS AT END OF PERIOD 262,435 232,014
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid property and equipment 4,983 14,180
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid (received) for income taxes, net $ 16,272 $ (1,927)