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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 22,251 $ (3,410)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of deferred revenue (5,281) (7,031)
Depreciation 3,002 2,223
Amortization of intangibles 11,039 8,249
Inventory write-down   33,000
Amortization of premium and discount on investments, net (1,316) (479)
Stock-based compensation to employees 8,231 6,759
Stock-based compensation to Board of Directors and Scientific Advisory Board 1,273 818
Deferred income tax benefit 4,726 4,291
Retirement plan benefit expense 3,004 2,433
Decrease (increase) in assets, net of effect of acquisition:    
Accounts receivable 3,723 (6,275)
Inventory (3,249) (9,579)
Other current assets (4,977) (167)
Other assets (249) 193
Increase (decrease) in liabilities, net of effect of acquisition:    
Accounts payable and accrued expenses (5,134) 1,192
Other current liabilities (5) (7)
Deferred revenue 3,296 48,411
Net cash provided by operating activities 40,334 80,621
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (4,361) (4,650)
Purchase of intangibles (95,989)  
Purchase of business, net of cash acquired (33,163)  
Purchases of investments (380,260) (453,672)
Proceeds from sale of investments 434,683 425,660
Net cash used in investing activities (79,090) (32,662)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 317 263
Proceeds from the exercise of common stock options 182 1,629
Payment of withholding taxes related to stock-based compensation to employees (4,840) (5,313)
Net cash used in financing activities (4,341) (3,421)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (43,097) 44,538
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 97,513 45,418
CASH AND CASH EQUIVALENTS, END OF PERIOD 54,416 $ 89,956
Earnout liability recorded for Adesis acquisition $ 1,510