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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Consolidated net income $ 15,570 $ 34,478
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 6,665 5,618
Stock-based compensation expense 4,616 3,138
Decrease in long-term deferred revenue (143) (160)
Decrease in contingent consideration obligations 0 (74)
Gain on disposal of equipment 0 106
Increase in other assets 133 37
Increase in long-term income taxes payable 8 6
Deferred income taxes (58) 5
Credit gain on available-for-sale securities (2) (2)
Change in current assets and liabilities, net (11,381) (13,037)
Net cash provided by operating activities 15,408 30,115
Investing activities:    
Purchases of short-term investments 0 (50,706)
Sales or maturities of short-term investments 25,000 30,000
Additions to property, plant and equipment (36,878) (15,782)
Other 0 (106)
Net cash used for investing activities (11,878) (36,594)
Financing activities:    
Proceeds from employee stock plans 1,974 4,751
Payment of contingent consideration obligations 0 (107)
Net cash provided by financing activities 1,974 4,644
Effect of foreign exchange rates on cash (245) (144)
Net increase (decrease) in cash and cash equivalents 5,259 (1,979)
Cash and cash equivalents at beginning of period 182,418 161,742
Cash and cash equivalents at end of period $ 187,677 $ 159,763