XML 22 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,959 $ 10,365
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred revenue (12,589) (2,690)
Depreciation 2,172 1,210
Amortization of intangibles 5,491 5,492
Amortization of premium and discount on investments, net (966) (562)
Stock-based compensation to employees 2,776 3,141
Stock-based compensation to Board of Directors and Scientific Advisory Board 897 709
Earnout liability recorded for Adesis acquisition   294
Deferred income tax expense 72 1,049
Retirement plan expense 1,126 1,005
Decrease (increase) in assets:    
Accounts receivable 29,587 (11,327)
Inventory (17,373) 646
Other current assets (4,025) 616
Other assets (177) 92
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (4,441) (8,283)
Other current liabilities (25) (219)
Deferred revenue 30,331 106
Net cash provided by operating activities 38,815 1,644
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (8,733) (631)
Purchases of investments (123,375) (170,136)
Proceeds from sale of investments 146,546 130,647
Net cash provided by (used in) investing activities 14,438 (40,120)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 201 159
Repurchase of common stock (477)  
Proceeds from the exercise of common stock options   24
Payment of withholding taxes related to stock-based compensation to employees (5,832) (3,541)
Cash dividends paid (2,831) (1,414)
Net cash used in financing activities (8,939) (4,772)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 44,314 (43,248)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 132,840 139,365
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 177,154 $ 96,117