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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 53,572 $ 39,522
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,351 13,266
Provision for doubtful accounts 0 53
Provision for warranty and returns (22) 38
Stock compensation 11,464 9,305
Loss (gain) on disposal of property and equipment 40 (1,102)
Bond premium amortization 1,026 1,451
Bargain purchase gain (1,456) 0
Other 69 0
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable 4,736 (11,390)
Inventories (6,635) (4,867)
Prepaid expenses and other assets (2,228) (8,824)
Accounts payable (1,587) 3,246
Accrued liabilities (7,314) 6,915
Income taxes, including excess tax benefits and deferred income taxes 2,691 1,017
Net cash provided by operating activities 68,707 48,630
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (15,018) (7,729)
Proceeds from sale of asset 1 3,592
Business acquisitions, net of cash acquired 2,584 0
Intangible assets additions (861) (778)
Purchases of investment securities (111,575) (40,217)
Proceeds from sale of investment securities 45,429 70,293
Net cash (used in) provided by investing activities (84,608) 25,161
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 15,830 10,974
Proceeds from employee stock purchase plan 2,361 2,162
Purchase of treasury stock (17,155) (1,523)
Net cash provided by financing activities 1,036 11,613
Effect of exchange rate changes on cash 1,664 (5,848)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (13,201) 79,556
CASH AND CASH EQUIVALENTS, beginning of period 336,164 [1] 275,812
CASH AND CASH EQUIVALENTS, end of period 322,963 355,368
NON-CASH INVESTING ACTIVITIES    
Accounts payable for property and equipment $ 595 $ 1,106
[1] December 31, 2015 balances were derived from audited consolidated financial statements.