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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 38,970,000 $ 74,914,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred revenue and recognition of unbilled receivables (58,644,000) (63,942,000)
Depreciation 7,283,000 5,799,000
Amortization of intangibles 10,980,000 10,976,000
Change in excess inventory reserve 611,000 4,155,000
Amortization of premium and discount on investments, net (3,280,000) (3,150,000)
Stock-based compensation to employees 12,918,000 7,106,000
Stock-based compensation to Board of Directors and Scientific Advisory Board 708,000 884,000
Deferred income tax expense (benefit) (336,000) (1,218,000)
Retirement plan expense 2,828,000 2,940,000
Decrease (increase) in assets:    
Accounts receivable (8,046,000) (23,823,000)
Inventory (21,181,000) 5,707,000
Other current assets (5,967,000) (2,816,000)
Other assets (5,942,000) (5,846,000)
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (20,332,000) (2,099,000)
Other current liabilities (639,000) 6,736,000
Deferred revenue 75,683,000 68,213,000
Other liabilities 6,416,000 (657,000)
Net cash provided by operating activities 32,030,000 83,879,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (11,804,000) (20,322,000)
Purchases of intangibles (25,000) (401,000)
Purchases of investments (404,232,000) (363,595,000)
Proceeds from sale of investments 412,760,000 437,800,000
Net cash (used in) provided by investing activities (3,301,000) 53,482,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 590,000 445,000
Repurchase of common stock   (649,000)
Payment of withholding taxes related to stock-based compensation to employees (13,165,000) (14,472,000)
Cash dividends paid (14,215,000) (9,430,000)
Net cash used in financing activities (26,790,000) (24,106,000)
INCREASE IN CASH AND CASH EQUIVALENTS 1,939,000 113,255,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 131,627,000 211,022,000
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 133,566,000 $ 324,277,000