XML 15 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,901 $ 9,686
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,801 4,629
Provision for warranty and returns 39 31
Stock compensation 3,808 2,813
(Gain) loss on disposal of property and equipment (1) 2
Bond premium amortization 528 943
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable 2,552 (4,947)
Inventories (4,866) (1,785)
Prepaid expenses and other assets (3,474) (980)
Accounts payable (1,383) 1,951
Accrued liabilities (8,014) 3,300
Income taxes, including excess tax benefits and deferred income taxes 4,893 (2,392)
Net cash provided by operating activities 14,784 13,251
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (3,963) (2,357)
Proceeds from sale of asset 1 0
Intangible assets additions (219) (208)
Purchases of investment securities (7,061) (9,205)
Proceeds from sale of investment securities 11,802 31,785
Net cash provided by investing activities 560 20,015
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 5,421 4,777
Proceeds from employee stock purchase plan 1,197 1,041
Tax benefits from exercise of stock options 2,511 3,059
Purchase of treasury stock (16,897) (1,435)
Net cash (used in) provided by financing activities (7,768) 7,442
Effect of exchange rate changes on cash 3,630 (7,987)
NET INCREASE IN CASH AND CASH EQUIVALENTS 11,206 32,721
CASH AND CASH EQUIVALENTS, beginning of period 336,164 [1] 275,812
CASH AND CASH EQUIVALENTS, end of period 347,370 308,533
NON-CASH INVESTING ACTIVITIES    
Accrued liabilities for property and equipment $ 522 $ 144
[1] December 31, 2015 balances were derived from audited consolidated financial statements.