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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 176,186 $ 203,865 $ 219,267
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 42,661 45,589 41,090
Depreciation of property, plant, and equipment 22,139 21,527 18,473
Gain (Loss) on Disposition of Property Plant Equipment 1,817 324 0
Amortization of intangible assets 4,364 3,373 3,076
Intangible asset impairment charges 19,571 0 0
Excess and Obsolete Inventory Charges 9,908 5,296 2,985
Operating Lease, Impairment Loss 3,427 0 0
Amortization of discounts or premiums on investments 1,274 (618) 108
Realized gain on sale of investments (4,119) (1,452) (501)
Revaluation of contingent consideration (114) (1,401) (3)
Change in deferred income taxes (3,353) (94,866) (413)
Accounts receivable (21,285) 16,807 (1,867)
Unbilled revenue (848) 3,530 (906)
Inventories (10,319) 17,841 (19,931)
Prepaid expenses and other current assets (9,909) 7,405 (9,750)
Accounts payable (1,688) 1,633 (7,247)
Accrued expenses 24,542 (8,938) 380
Accrued income taxes (22,973) 25,266 (21,903)
Deferred revenue and customer deposits 6,571 3,875 1,434
Other 4,548 4,255 (838)
Net cash provided by operating activities 242,400 253,311 223,454
Cash flows from investing activities:      
Purchases of investments (922,867) (1,031,642) (782,032)
Maturities and sales of investments 1,104,605 1,062,962 812,565
Purchases of property, plant, and equipment (13,303) (21,745) (37,095)
Business acquisitions 1,004 (166,911) (4,265)
Net cash provided by (used in) investing activities 169,439 (157,336) (10,827)
Cash flows from financing activities:      
Issuance of common stock under stock plans 125,715 64,581 26,783
Repurchase of common stock (51,036) (61,690) (203,822)
Payment of dividends (390,508) (35,124) (31,865)
Payment of Chiaro contingent consideration (1,039) 0 (1,000)
Net cash used in financing activities (316,868) (32,233) (209,904)
Effect of foreign exchange rate changes on cash and cash equivalents 2,671 (523) (1,093)
Net change in cash and cash equivalents 97,642 63,219 1,630
Cash and cash equivalents at beginning of year 171,431 108,212 106,582
Cash and cash equivalents at end of year $ 269,073 $ 171,431 $ 108,212