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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Income from continuing operations $ 26,803 $ 20,383 $ 48,124
Loss from discontinued operations (201) (1,588) (170)
Net income 26,602 18,795 47,954
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,412 4,024 3,344
Bad debt expense 786 104 588
Inventory lower-of-cost-or-market adjustments 1,583 457 557
Stock-based compensation expense 1,484 1,066 454
Loss on asset disposals 313 145 2
Deferred income taxes, net of valuation allowances 11,669 8,007 (32,814)
Excess tax (benefit) deficiency related to stock-based awards (28) 180 145
Changes in operating assets and liabilities, net of effects of acquisition:      
Trade receivables (6,812) (1,331) (4,417)
Inventories (7,147) (9,560) 2,388
Prepaids and other current assets 1,365 (314) (1,174)
Income taxes receivable (389) 30 (91)
Trade payables 4,506 10,456 4,487
Accrued liabilities, including warranty obligations 3,776 2,313 (337)
Net cash provided by operating activities 41,120 34,372 21,086
Cash flows from investing activities:      
Proceeds from sale of discontinued operations 0 0 116
Proceeds from other asset sales 0 0 5
Acquisition of business, net of cash acquired (114,062) 0 0
Purchases of property, plant and equipment and intangible assets (5,734) (3,181) (3,590)
Purchases of available-for-sale-securities (61,933) (37,434) 0
Proceeds from maturities of available-for-sale securities 55,292 10,450 0
Proceeds from sales of available-for-sale securities 3,602 0 0
Net cash used in investing activities (122,835) (30,165) (3,469)
Cash flows from financing activities:      
Proceeds from long-term debt 80,000 0 0
Proceeds from employee stock purchases 116 0 0
Tax payments related to stock award issuances 1,050 378 357
Excess tax benefit (deficiency) related to stock-based awards (775) 0 0
Excess tax benefit (deficiency) related to stock-based awards 28 (180) (145)
Payments for stock repurchases (11,567) 0 0
Net cash provided by financing activities 68,852 198 212
Effect of exchange rate changes on cash and cash equivalents (1,565) (178) (57)
Increase (decrease) in cash and cash equivalents (14,428) 4,227 17,772
Beginning of year 45,206 40,979 23,207
End of year 30,778 45,206 40,979
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net (1,308) (923) (450)
Cash paid for interest (22) (25) (36)
Acquisition consideration owed but not yet paid 2,813 0 0
Capital expenditures incurred but not yet paid 1,000 86 0
Loan fees incurred but not yet paid $ 36 $ 0 $ 0