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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income $ 134,572 $ 95,128 $ 67,847
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,597 16,860 14,498
Deferred income taxes 1,037 194 5,433
Stock-based compensation 6,344 5,187 4,788
Loss (Gain) on disposal of property, plant and equipment 47 1,738 (185)
Other non-cash adjustments (406) (406) (284)
Changes in operating assets and liabilities:      
Accounts receivable (24,281) (10,486) (653)
Inventories (23,276) (3,635) (5,442)
Prepaid expenses and other assets (613) (2,194) (4,256)
Accounts payable 21,131 (4,804) (6,966)
Accrued expenses and other liabilities 5,040 2,488 9,403
Income taxes receivable/payable 1,929 1,795 1,110
Net cash provided by operating activities 138,121 101,865 85,293
Investing Activities      
Expenditures for property, plant and equipment and intangibles (33,816) (15,040) (14,551)
Proceeds from sales of property, plant and equipment 83 55 4,349
Acquisition of business, net of cash acquired   (71,804)  
Net cash used in investing activities (33,733) (86,789) (10,202)
Financing Activities      
Financing costs     (485)
Borrowings under line of credit 172,250 201,000 242,700
Principal payments under line of credit (172,250) (201,000) (249,700)
Repurchases of common stock (30,085) (3,617) (55,216)
Proceeds from employee stock purchase and option plans 882 391 279
Net cash used in financing activities (29,203) (3,226) (62,422)
Net increase in cash and cash equivalents 75,185 11,850 12,669
Cash and cash equivalents at beginning of year 30,514 18,664 5,995
Cash and cash equivalents at end of year 105,699 30,514 18,664
Supplemental disclosures of cash flow information:      
Cash paid for interest 662 418 852
Cash paid for income taxes, net $ 48,238 $ 44,802 $ 28,626