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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 37,333 $ 30,046
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,194 1,897
Amortization of debt issuance costs 30 30
Stock-based compensation 447 445
Deferred compensation 0 19
Loss on disposal of fixed assets 13 48
Deferred income taxes 11,373 (140)
Tax benefit from exercise of stock options (3) 0
Payment of legal settlement (32,000) 0
Effect of changes in operating assets and liabilities:    
Receivables 16,387 9,847
Inventories 7,306 3,610
Prepaid expenses and other assets 1,740 1,899
Accounts payable 1,970 4,998
Other liabilities (4,257) 3,695
Net cash provided by operating activities 42,533 56,394
Cash flows from investing activities:    
Capital expenditures (796) (2,184)
Net cash used in investing activities (796) (2,184)
Cash flows from financing activities:    
Principal payments on long-term debt (990) (990)
Tax benefit from exercise of stock options 3 0
Proceeds from exercise of stock options 61 36
Net cash used in financing activities (926) (954)
Effect of exchange rate changes on cash and cash equivalents 23 0
Net increase in cash and cash equivalents 40,834 53,256
Cash and cash equivalents at beginning of period 224,253 95,788
Cash and cash equivalents at end of period $ 265,087 $ 149,044