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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:      
Net income $ 9,345 $ 8,170 $ 16,093
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,594 4,020 3,114
Stock-based compensation expense 3,598 1,766 1,060
Deferred tax expense (benefit) (118) 295 2,788
Loss on revaluation of contingent consideration 4,083 2,072 91
Loss on disposal of assets 1 35 2
Changes in assets and liabilities:      
Accounts receivable (3,729) (1,597) (774)
Royalties and other receivables 158 6,557 2,400
Inventories (6,149) (860) (626)
Prepaid expenses and other current assets (277) (820) 58
Accounts payable 3,024 2,288 (734)
Accrued liabilities (1,592) (2,489) 1,257
Long-term liabilities 2,115 (1,036) 1,201
Net cash provided by operating activities 15,053 18,401 25,930
Cash flows from investing activities:      
Purchases of marketable securities (20,168) (27,508) (42,480)
Redemptions of marketable securities 27,587 34,804 29,209
Acquisition of assets of Refine Technology, LLC   (21,236)  
Increase of restricted cash   (250)  
Purchases of property, plant and equipment (2,628) (5,602) (4,635)
Net cash provided by (used in) investing activities 4,791 (19,792) (17,906)
Cash flows from financing activities:      
Exercise of stock options 866 1,680 2,450
Excess tax benefit on exercise of stock options     72
Payments of contingent consideration (99)    
Net cash provided by financing activities 767 1,680 2,522
Effect of exchange rate changes on cash and cash equivalents (1,882) (4,756) 74
Net increase (decrease) in cash and cash equivalents 18,729 (4,467) 10,620
Cash and cash equivalents, beginning of period 35,363 39,830 29,210
Cash and cash equivalents, end of period 54,092 35,363 39,830
Supplemental information:      
Income taxes paid $ 4,948 $ 2,547 $ 1,264