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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 14,678,000 $ 41,854,000 $ 74,052,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred revenue (8,994,000) (4,274,000) (5,880,000)
Depreciation 3,086,000 2,077,000 2,044,000
Amortization of intangibles 10,999,000 10,996,869 10,973,141
Inventory Write-down 33,000,000 3,900,000 0
Amortization of premium and discount on investments, net (697,000) (531,000) (458,000)
Stock-based compensation to employees 9,173,000 7,278,000 6,077,000
Stock-based compensation to Board of Directors and Scientific Advisory Board 1,291,000 995,000 809,000
Deferred income tax expense (benefit) 7,137,000 9,108,000 (41,418,000)
Retirement plan benefit expense 3,354,000 1,679,000 1,665,000
(Increase) decrease in assets:      
Accounts receivable (2,654,000) (6,418,000) (7,000,000)
Inventories (8,639,000) (30,414,000) 424,000
Other current assets 1,969,000 2,267,000 (2,706,000)
Other assets 251,000 (183,000) 35,000
Increase (decrease) in liabilities:      
Accounts payable and accrued expenses 790,000 3,055,000 3,614,000
Other current liabilities 56,000 87,000 (11,000)
Deferred revenue 48,812,000 5,793,000 2,767,000
Net cash provided by operating activities 113,612,000 47,270,000 44,987,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (5,103,000) (6,153,000) (4,710,000)
Additions to intangibles 0 0 (359,000)
Purchases of investments (691,876,000) (408,974,000) (362,838,000)
Proceeds from sale of investments 638,411,000 372,818,000 313,132,000
Net cash used in investing activities (58,568,000) (42,309,000) (54,775,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from issuance of common stock 354,000 328,000 343,000
Repurchase of common stock 0 (29,500,000) (5,456,000)
Proceeds from the exercise of common stock options 2,034,000 1,887,000 2,832,000
Payment of withholding taxes related to stock-based compensation to employees (5,337,000) (2,844,000) (3,268,000)
Net cash used in financing activities (2,949,000) (30,129,000) (5,549,000)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 52,095,000 (25,168,000) (15,337,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 45,418,000 70,586,000 85,923,000
CASH AND CASH EQUIVALENTS, END OF YEAR $ 97,513,000 $ 45,418,000 $ 70,586,000