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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 149,572 $ 187,074 $ 121,485
Adjustments to reconcile net income to net cash provided by operating activities:      
(Gain) loss on sale of discontinued business 255 (78,182) 0
Stock-based compensation expense 20,558 20,168 15,158
Depreciation of property, plant, and equipment 11,678 9,868 8,443
Amortization of intangible assets 3,391 4,250 4,024
Amortization of discounts or premiums on investments 383 690 1,823
Realized (gain) loss on sale of investments (1,506) (344) (673)
Revaluation of contingent consideration (463) (790) 0
Change in deferred income taxes (1,908) (1,409) (2,364)
Accounts receivable (13,251) (3,950) (915)
Unbilled revenue (2,308) (242) (563)
Inventories 10,409 (9,457) (11,750)
Accounts payable 2,087 (8,872) 10,896
Accrued expenses 7,771 (2,831) 7,812
Accrued income taxes 2,110 9,957 7,700
Deferred revenue and customer deposits (3,188) 1,527 5,893
Other (3,509) 870 (3,128)
Net cash provided by operating activities 182,081 128,327 163,841
Cash flows from investing activities:      
Purchases of investments (751,868) (686,650) (422,633)
Maturities and sales of investments 657,250 601,441 339,470
Purchases of property, plant, and equipment (12,816) (18,228) (20,934)
Cash paid for acquisition of business, net of cash acquired (14,285) (1,023) 0
Cash paid for purchased technology 0 (10,475) 0
Net cash received (paid) from sale of discontinued business (113) 104,388 0
Net cash used in investing activities (121,832) (10,547) (104,097)
Cash flows from financing activities:      
Issuance of common stock under stock plans 43,468 27,582 16,930
Repurchase of common stock (47,149) (126,351) (59,673)
Payment of dividends (25,213) (18,062) 0
Payment of contingent consideration (337) 0 0
Net cash used in financing activities (29,231) (116,831) (42,743)
Effect of foreign exchange rate changes on cash and cash equivalents (3,352) (4,668) (1,951)
Net change in cash and cash equivalents 27,666 (3,719) 15,050
Cash and cash equivalents at beginning of year 51,975 55,694 40,644
Cash and cash equivalents at end of year 79,641 51,975 55,694
Stock-based compensation expense 0 1,533 1,099
Depreciation and amortization expense 0 566 1,141
Capital expenditures $ 0 $ 482 $ 631