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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 47,206 $ 47,075
Income (loss) from discontinued operations, net of income taxes (471) 8,315
Income from continuing operations, net of income taxes 47,677 38,760
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 23,196 8,396
Stock-based compensation expense 5,885 4,136
Provision (benefit) for deferred income taxes (1,439) 4,509
Gain on sale of central inverter service business   (14,804)
Discount on notes receivable 721  
Net loss on disposal of assets 231 90
Changes in operating assets and liabilities, net of assets acquired:    
Accounts and other receivable, net 12,545 6,554
Inventories (30,922) 1,030
Other assets (7,528) (6,852)
Accounts payable 6,468 (2,680)
Other liabilities and accrued expenses 12,853 (7,627)
Income taxes (2,127) (13,182)
Net cash provided by (used in) operating activities from continuing operations 67,560 18,330
Net cash provided by (used in) operating activities from discontinued operations (586) (1,914)
Net cash provided by (used in) operating activities 66,974 16,416
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (167)  
Proceeds from sale of property and equipment 69 1,742
Issuance of notes receivable (1,000) (2,800)
Purchases of property and equipment (13,391) (8,866)
Net cash provided by (used in) investing activities from continuing operations (14,489) (9,924)
Net cash provided by (used in) investing activities (14,489) (9,924)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on long-term borrowings (8,750)  
Purchase and retirement of common stock (7,248)  
Net payments related to stock-based award activities (1,392) (1,042)
Net cash provided by (used in) financing activities from continuing operations (17,390) (1,042)
Net cash provided by (used in) financing activities (17,390) (1,042)
EFFECT OF CURRENCY TRANSLATION ON CASH (899) (932)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 34,196 4,518
CASH AND CASH EQUIVALENTS, beginning of period 346,441 354,552
CASH AND CASH EQUIVALENTS, end of period 380,637 359,070
CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period 380,637 359,070
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 3,510 298
Cash paid for income taxes 10,709 11,933
Cash received for refunds of income taxes $ 572 $ 1,536