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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) Statements - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 66,629 $ 45,020
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,541 13,350
Deferred taxes (370) (184)
Share-based compensation 6,465 5,535
Gain on disposal of long-lived assets and deferred gain amortization (117) (772)
Gain on sale of golf-related investments (17,662) 0
Unrealized losses on foreign currency forward contracts 2,880 0
Net income attributable to non-controlling interests 127 0
Discount amortization on convertible notes 0 515
Change in assets and liabilities:    
Accounts receivable, net (38,740) (48,099)
Inventories 64,842 19,417
Other assets 3,859 5,609
Accounts payable and accrued expenses (10,490) (4,845)
Accrued employee compensation and benefits (3,342) (7,264)
Accrued warranty expense (191) 408
Income taxes receivable/payable (639) 42
Other liabilities (171) (342)
Net cash provided by operating activities 85,621 28,390
Cash flows from investing activities:    
Proceeds from sale of investments in golf-related ventures 23,429 0
Collection of note receivable 3,104 0
Capital expenditures (12,163) (8,513)
Investment in golf-related ventures (1,560) 0
Proceeds from sales of property and equipment 20 2
Net cash provided by (used in) investing activities 12,830 (8,511)
Cash flows from financing activities:    
Repayments of asset-based credit facilities, net (14,969) (15,235)
Acquisition of treasury stock (5,133) (1,942)
Dividends paid (2,822) (2,454)
Exercise of stock options 2,625 5,330
Net cash used in financing activities (20,299) (14,301)
Effect of exchange rate changes on cash and cash equivalents (3,325) (1,621)
Net increase in cash and cash equivalents 74,827 3,957
Cash and cash equivalents at beginning of period 49,801 37,635
Cash and cash equivalents at end of period 124,628 41,592
Supplemental disclosures:    
Cash paid for income taxes, net 5,750 4,858
Cash paid for interest and fees 1,399 6,339
Noncash investing and financing activities:    
Issuance of treasury stock for compensatory stock awards released from restriction 893 3,763
Accrued capital expenditures at period-end 1,272 1,603
Conversion of convertible notes to common stock, net of discount (Note 2) $ 0 $ 82,388