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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 27,656 $ 20,649
Adjustments to reconcile net income to cash flows:    
Depreciation and amortization 10,685 11,849
Non-cash deferred revenue (12,197) (598)
Increase in inventory reserve 2,116 2,691
Stock based compensation 2,404 1,948
Deferred income tax provision/(benefit) 6,434 (10,838)
Losses in partially-owned affiliates 4 4,618
Other (96) 610
Changes in assets and liabilities:    
Trade receivables 29,618 2,911
Inventories (46,499) (16,462)
Prepaid expenses and other current assets (1,151) (3,669)
Accounts payable and other current liabilities 2,675 1,429
Deferred revenue 22,529 1,631
Other non-current assets and liabilities (3,311) (3,127)
Discontinued operations:    
Net cash used in discontinued operations (663) (1,112)
Net cash provided by operating activities 40,204 12,530
Cash flows from investing activities:    
Capital expenditures (25,556) (9,439)
Proceeds from sale of assets 2,102 1,279
Acquisition of business, net of cash acquired   (2,426)
Other (56) (1,404)
Net cash used in investing activities (23,510) (11,990)
Long-term debt activity:    
Borrowings   18,750
Repayments   (24,000)
Proceeds from stock options exercised 1,895 1,718
Other 299  
Net cash provided by/(used in) financing activities 2,194 (3,532)
Effect of exchange rate changes on cash and cash equivalents (1,808) (303)
Net increase/(decrease) in cash and cash equivalents 17,080 (3,295)
Cash and cash equivalents at beginning of period 45,518 22,745
Cash and cash equivalents at end of period $ 62,598 $ 19,450