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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 18,722 $ 31,816 $ 32,547
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,910 4,290 3,734
Loss on disposal of fixed assets 152 150
Stock-based compensation expense 11,046 5,807 3,392
Deferred income taxes (1,817) (1,198) (65)
Provision for doubtful accounts 57 1,609 52
Provision for inventory 4,419 695 654
Accretion to amortized cost of investments (371)
Changes in operating assets and liabilities:      
Accounts receivable 2,914 2,674 (6,201)
Inventories (7,577) (6,521) (1,738)
Prepaid expenses, other current and long-term assets 899 (1,454) (898)
Accounts payable (1,671) 3,890 (5,059)
Accrued expenses, other current and long-term liabilities 1,313 (1,313) 1,582
Income taxes payable 922 367 (3,552)
Net cash provided by operating activities 34,918 40,812 24,448
Cash flows from investing activities:      
Proceeds from maturity of investments 46,000 41,500 46,500
Purchase of investments (91,601) (45,000) (39,249)
Purchase of property and equipment (4,656) (8,980) (14,014)
Net cash (used in) investing activities (50,257) (12,480) (6,763)
Cash flows from financing activities:      
Repurchase of common stock (30,000) (25,000)
Tax payments related to witholdings on vested restricted stock (1,790)
Proceeds from exercise of equity awards 2,886 314 1,007
Net cash (used in) provided by financing activities (28,904) 314 (23,993)
Exchange rate impact on cash 29 349 (138)
Increase (Decrease) in cash and cash equivalents (44,214) 28,995 (6,446)
Cash and cash equivalents at beginning of period 133,256 104,261 110,707
Cash and cash equivalents at end of period 89,042 133,256 104,261
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 5,560 15,088 22,826
Non-cash Investing Activities:      
Purchases of property and equipment included in accounts payable and accrued expenses 351 1,891 1,257
Build-to-suit lease agreement $ 1,723