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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 32,234 $ 55,735 $ 170,851
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 33,303 35,203 34,930
Amortization of intangibles 1,279 2,173 2,415
Loss on disposal of property and equipment 240 100 1,371
Stock-based compensation expense 35,076 28,528 22,364
Amortization of premium (accretion of discount) on marketable securities (1,637) (351) 3,292
Deferred income taxes (8,352) (9,247) (2,566)
Increase (decrease) in accounts receivable allowance for credit losses (245) (454) 690
Change in operating assets and liabilities:      
Accounts receivable (12,253) 6,616 19,867
Inventories (2,448) (27,744) (36,154)
Prepaid expenses and other assets 4,001 (1,183) 7,343
Accounts payable 3,454 (5,435) (3,836)
Taxes payable and accrued liabilities (3,471) (18,182) (5,224)
Net cash provided by operating activities 81,181 65,759 215,343
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (17,286) (20,884) (39,211)
Proceeds from sale of property and equipment 0 0 1,202
Purchases of marketable securities (105,716) (191,211) (55,820)
Proceeds from sales and maturities of marketable securities 106,602 197,942 172,165
Acquisition (Note 15) (9,520) 0 0
Net cash provided by (used in) investing activities (25,920) (14,153) 78,336
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of common stock under employee stock plans 5,700 6,237 6,162
Repurchase of common stock (27,881) (55,278) (311,094)
Payments of dividends to stockholders (46,037) (44,008) (41,492)
Net cash used in financing activities (68,218) (93,049) (346,424)
NET DECREASE IN CASH AND CASH EQUIVALENTS (12,957) (41,443) (52,745)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 63,929 105,372 158,117
CASH AND CASH EQUIVALENTS AT END OF PERIOD 50,972 63,929 105,372
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Unpaid property and equipment 2,693 2,747 1,082
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes, net $ 4,784 $ 13,769 $ 17,880