XML 21 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 26,513 $ 65,633 $ 24,104
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions:      
Depreciation 71,504 68,857 65,529
Amortization of intangibles 8,596 7,914 8,078
Impairment of goodwill     5,318
Amortization of debt issuance costs 660 531 531
Share-based compensation 18,970 14,104 13,551
Excess tax benefit from share-based compensation (829) (6,018) 6,643
Loss (gain) on disposal of property, plant and equipment 1,440 (963) 270
Gain on securities carried at fair value (400) (1,364) (601)
Deferred income taxes 1,484 (3,611) (1,959)
Other (135) 3,624 2,538
Changes in operating assets:      
Accounts receivable (9,710) 1,810 (18,241)
Inventories (2,165) (2,750) 14,860
Prepaid expenses and other current assets 12,115 (10,537) (3,803)
Changes in operating liabilities:      
Accounts payable (8,617) (9,512) (8,594)
Accrued liabilities 8,365 2,187 171
Other liabilities (1,015) (3,584) 1,957
Income taxes payable (8,665) 7,951 (461)
Net cash provided by operating activities 118,111 134,272 109,891
Investing Activities      
Acquisitions, net of cash acquired (348,887)   (124,916)
Decrease in restricted cash 786 2,872 6,886
Purchases of short-term investments (57,878) (18,839) (22,922)
Sales of short-term investments 75,834 29,583  
Purchases of equity securities (4,553) (1,842) (5,393)
Proceeds from sale of equity securities 8,652 1,660 7,458
Purchases of property, plant and equipment (133,244) (57,766) (47,054)
Proceeds from sales of property, plant and equipment 143 1,480 59
Other (299) 84 (520)
Net cash used in investing activities (459,446) (42,768) (186,402)
Financing Activities      
Advance on lines of credit and short-term debt 1,228 6,778 15,101
Repayments on lines of credit and short-term debt (4,287) (11,400) (34,573)
Net proceeds from the issuance of common stock 10,192 5,761 2,635
Excess tax benefit from share-based compensation 829 6,018 (6,643)
Proceeds from long-term debt 391,200   181,000
Repayments of long-term debt (65,986) (42,677) (42,145)
Repayments of capital lease obligations (218) (246) (627)
Purchase of treasury stock (11,009)    
Other (587) 7 (2,387)
Net cash provided by (used in) financing activities 321,362 (35,759) 112,361
Effect of exchange rate changes on cash and cash equivalents (4,592) (9,380) 3,664
(Decrease) increase in cash and cash equivalents (24,565) 46,365 39,514
Cash and cash equivalents, beginning of year 243,000 196,635 157,121
Cash and cash equivalents, end of year 218,435 243,000 196,635
Cash paid during the year for:      
Interest 2,799 3,276 4,373
Income taxes 17,229 14,059 10,396
Non-cash activities:      
Property, plant and equipment purchased on accounts payable (4,498) (1,167) 2,714
Acquisition:      
Fair value of assets acquired 496,625   247,012
Fair value of liabilities assumed (88,284)   (92,277)
Cash acquired (54,774)   (29,819)
Net assets acquired 353,567   $ 124,916
Pericom      
Non-cash activities:      
Share-based awards issued $ (4,680)    
Noncontrolling Interest      
Non-cash activities:      
Dividend accrued for noncontrolling interest   $ (1,336)