XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 20,750 $ 12,222
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 1,067 1,544
Share-based compensation 990 805
Loss on sale of disposal of property, plant and equipment   214
Realized loss on investment securities, net 82 57
Amortization of premium on investment securities 129 153
Deferred income taxes (632) (105)
Change in operating assets and liabilities:    
Accounts receivable 380 108
Inventory (4,369) 2,942
Income taxes, prepaid   2,738
Prepaid expenses and other current assets (409) 727
Other assets 23 (1)
Accounts payable and accrued expenses 14,723 (3,396)
Net cash flow provided by operating activities 32,734 18,008
Investing Activities    
Sale and maturities of investment securities 1,000 1,200
Purchase of property and equipment (4,444) (1,286)
Net cash flow used in investing activities (3,444) (86)
Financing Activities    
Options exercised by executives and directors 269 62
Net shares repurchased for employee taxes (256) (215)
Cash dividends paid to stockholders (8,826) (5,883)
Net cash flow used in financing activities (8,813) (6,036)
Foreign currency impact 1  
Increase in cash and cash equivalents 20,478 11,886
Cash and cash equivalents - beginning of the period 81,364 75,077
Cash and cash equivalents - end of period 101,842 86,963
Supplemental disclosure of cash flow information:    
Income taxes received 24  
Dividends declared included in accounts payable $ 9,229 $ 5,943