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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 45,096 $ 32,909 $ 36,952
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation 4,848 3,990 3,677
Amortization of convertible note discount and issuance costs     2,154
Amortization of intangibles 1,534 1,940 2,320
Foreign currency exchange loss 255 457 592
Gain on disposal of property, plant and equipment     (946)
Change in fair value of contingent consideration 1,010 133 170
Share-based compensation 6,062 5,670 4,775
Provision for doubtful accounts and inventory valuation 3,335 3,608 2,971
Deferred income taxes 2,163 17,207 5,011
Change in operating assets and liabilities:      
Accounts receivable 706 430 (9,279)
Income taxes 1,056 (4,727) (3,021)
Inventories (31,545) (4,218) 4,003
Prepaid expenses and other assets (3,101) (1,686) 2,038
Accounts payable 3,512 3,198 1,169
Deferred revenue 545 (1,122) 896
Other liabilities (382) 6,382 (6,057)
Net cash and cash equivalents provided by operating activities 35,094 64,171 47,425
Cash flows from investing activities:      
Purchases of marketable securities (140,018) (164,661) (146,865)
Proceeds from sales of marketable securities 186,332 143,349 175,460
Purchases of property, plant and equipment (7,542) (10,210) (3,291)
Cash advance on convertible note receivable (5,000)    
Purchase of intangible assets   (1,000) (2,000)
Proceeds from sale of property, plant & equipment     1,165
Net cash and cash equivalents provided by (used in) investing activities 33,772 (32,522) 24,469
Cash flows from financing activities:      
Payment of senior convertible debt     (60,000)
Redemption of stock warrants   (1,025) (9,500)
Purchases of common stock (21,069)   (8,044)
Tax payments related to shares withheld for share-based compensation plans (1,921) (1,358) (1,587)
Payment of contingent consideration for acquired business (1,543) (792) (622)
Issuance of shares through share-based compensation plans 624 623 850
Net cash and cash equivalents used in financing activities (23,909) (2,552) (78,903)
Effect of exchange rate changes on cash and cash equivalents (339) 814 314
Net increase (decrease) in cash and cash equivalents 44,618 29,911 (6,695)
Cash and cash equivalents at beginning of year 67,770 37,859 44,554
Cash and cash equivalents at end of year 112,388 67,770 37,859
Supplemental disclosure of cash flow information:      
Income taxes paid, net $ 4,301 14,605 10,980
Interest paid     2,250
Litigation settlement received   $ 13,000 $ 14,643