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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 42,133 $ 26,355
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 2,156 2,689
Share-based compensation 2,245 1,635
Loss on sale of disposal of property, plant and equipment 17 50
Realized (gain) loss on investment securities, net 8 (21)
Amortization of premium on investment securities 249 298
Deferred income taxes 375 (1,036)
Change in operating assets and liabilities:    
Accounts receivable 33 199
Inventory (9,585) (6,670)
Income taxes, prepaid (1,365) 2,673
Prepaid expenses and other current assets (3,052) 368
Other assets 35 33
Accounts payable and accrued expenses 13,963 11,958
Net cash flow provided by operating activities 47,212 38,531
Investing Activities    
Sale and maturities of investment securities 2,430 1,200
Sale of property and equipment   184
Purchase of property and equipment (6,972) (2,094)
Net cash flow used in investing activities (4,542) (710)
Financing Activities    
Options exercised by executives and directors 279 62
Net shares repurchased for employee taxes (256) (215)
Cash dividends paid to stockholders (17,749) (11,673)
Stock repurchases (9,998) (19,996)
Net cash flow used in financing activities (27,724) (31,822)
Foreign currency impact 1  
Increase in cash and cash equivalents 14,947 5,999
Cash and cash equivalents - beginning of the period 81,364 75,077
Cash and cash equivalents - end of period 96,311 81,076
Supplemental disclosure of cash flow information:    
Income taxes paid 11,338 4,380
Dividends declared included in accounts payable $ 9,102 $ 5,914