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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 23,044 $ 12,460 $ 22,530
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,194 14,856 12,271
Losses on sales and/or abandonment of property and equipment 31 533 271
Write-off of certain patents and license agreement 103 134 154
Goodwill, Impairment Loss 0 8,344 0
Acquired in-process research and development 5,838 0 0
Amortization of deferred credits (106) (111) (120)
Purchase of trading investments 0 (644) (458)
Unrealized (gains) losses on trading investments 0 (382) (561)
Deferred income taxes 1,677 (554) 1,791
Tax benefit attributable to appreciation of common stock options exercised (3,122) (399) (987)
Stock-based compensation expense 1,644 1,294 1,182
Changes in operating assets and liabilities, net of effects from acquisitions:      
Trade receivables (3,323) (2,088) (2,131)
Employee receivables (62) 29 (16)
Other receivables (245) 223 (13)
Inventories (9,314) (7,614) (6,882)
Prepaid expenses and other assets (1,726) (192) (571)
Prepaid income taxes (431) (60) 0
Income tax refund receivable (733) (1,573) 319
Other assets (283) (43) (568)
Trade payables (2,129) 5,643 296
Accrued expenses 1,334 3,090 1,628
Advances from employees (65) 99 0
Income taxes payable 2,658 1,037 825
Non-current liabilities related to unrecognized tax benefits (226) (372) 114
Deferred compensation payable 327 876 1,034
Other long-term obligations (70) 174 (38)
Total adjustments 10,971 22,300 7,540
Net cash provided by operating activities 34,015 34,760 30,070
Capital expenditures for:      
Property and equipment (59,195) (23,648) (18,478)
Patents and trademarks (2,077) (1,083) (1,191)
Purchase of marketable securities (2,503) 0 0
Proceeds from the sale of marketable securities 0 9,673 0
Proceeds from the sale of property and equipment 5 17 27
Cash paid in acquisitions, net of cash acquired (10,250) (97,785) (46,150)
Net cash used in investing activities (74,020) (112,826) (65,792)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 95,454 1,708 2,560
Payments of Stock Issuance Costs (127) 0 0
Proceeds from issuance of long-term debt 104,585 108,491 0
Payments on long-term debt (155,386) (26,953) 0
Borrowings on line of credit 0 1,500 19,000
Payments on line of credit 0 (8,500) (12,000)
Excess tax benefits from stock-based compensation 3,122 399 987
Long-term debt issuance costs 0 (522) 0
Payment of taxes related to an exchange of common stock (953) 0 (254)
Common stock repurchased and retired 0 0 (2,474)
Net cash provided by financing activities 46,695 76,123 7,819
EFFECT OF EXCHANGE RATES ON CASH (297) (455) 6
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,393 (2,398) (27,897)
CASH AND CASH EQUIVALENTS:      
Beginning of year 3,735 6,133 34,030
End of year 10,128 3,735 6,133
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION-Cash paid during the period (net capitalized interest of $264 and $0, respectively):      
Interest 509 512 26
Income taxes 7,023 6,050 8,215
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Property and equipment purchases in accounts payable 8,849 3,778 2,724
Acquisition purchases in accounts payable 1,270 250 0
Merit common stock surrendered (78, 0 and 27 shares) in exchange for exercise of stock options $ 1,252 $ 0 $ 230