XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Statement of Cash Flows [Abstract]    
Net income $ 73,957 $ 52,684
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,435 3,913
Amortization of debt issuance costs 61 61
Stock-based compensation 2,065 901
Deferred compensation 0 19
Loss on disposal of fixed assets 13 62
Deferred income taxes 12,721 (742)
Tax benefit from exercise of stock options (36) 0
Payment of legal settlement (32,000) 0
Effect of changes in operating assets and liabilities:    
Receivables (4,212) 11,913
Inventories (3,923) (2,749)
Prepaid expenses and other assets (334) 589
Accounts payable 2,741 14,907
Other liabilities (835) 8,050
Net cash provided by operating activities 54,653 89,608
Cash flows from investing activities:    
Capital expenditures (3,766) (3,767)
Net cash used in investing activities (3,766) (3,767)
Cash flows from financing activities:    
Principal payments on long-term debt (1,980) (1,980)
Tax benefit from exercise of stock options 36 0
Proceeds from exercise of stock options 373 43
Net cash used in financing activities (1,571) (1,937)
Effect of exchange rate changes on cash and cash equivalents (14) 0
Net increase in cash and cash equivalents 49,302 83,904
Cash and cash equivalents at beginning of period 224,253 95,788
Cash and cash equivalents at end of period $ 273,555 $ 179,692