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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 55,863 $ 18,160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,594 4,801
Provision for doubtful accounts 13 0
Provision for warranty and returns 1,286 39
Stock compensation 4,006 3,808
Loss (gain) on disposal of property and equipment 18 (1)
Bond premium amortization 0 528
Bargain purchase gain (63,237) 0
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable (82,266) 2,552
Inventories 22,233 (4,866)
Prepaid expenses and other assets (66,573) (3,474)
Accounts payable 11,456 (1,383)
Accrued liabilities 39,907 (8,014)
Income taxes, including excess tax benefits and deferred income taxes (10,909) 5,145
Net cash provided by operating activities (76,609) 17,295
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (16,396) (3,963)
Proceeds from sale of asset 0 1
Business acquisitions, net of cash acquired (157,097) 0
Intangible assets additions (410) (219)
Purchases of investment securities 0 (7,061)
Proceeds from sale of investment securities 0 11,802
Net cash (used in) provided by investing activities (173,903) 560
Proceeds from Issuance of Debt 75,000 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 8,992 5,421
Proceeds from employee stock purchase plan 1,326 1,197
Purchase of treasury stock (3,718) (16,897)
Net cash provided by financing activities 6,600 (10,279)
Effect of exchange rate changes on cash 692 3,630
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (243,220) 11,206
CASH AND CASH EQUIVALENTS, beginning of period 445,082 [1] 336,164
CASH AND CASH EQUIVALENTS, end of period 201,862 347,370
NON-CASH INVESTING ACTIVITIES    
Capital Expenditures Incurred but Not yet Paid 437 522
Fair Value of Assets Acquired 881,732 0
estimated working capital adjustment 7,512 0
Business Combination, Contingent Consideration, Liability, Noncurrent (19,000)  
Business Combination, Consideration Transferred, Equity Issued, Fair Value (413,139) 0
BARGAIN PURCHASE GAIN (63,237) 0
Goodwill, Acquired During Period 1,015 0
Liabilities Assumed $ 162,786 $ 0
[1] December 31, 2016 balances were derived from audited consolidated financial statements.