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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 14,582 $ 7,993
Adjustments to reconcile net income to cash flows:    
Depreciation and amortization 5,578 5,297
Non-cash deferred revenue (2,310) (137)
Increase in inventory reserve 1,936 1,406
Unrealized (gain)/loss on foreign currency contracts (1,006) 834
Stock based compensation 1,535 1,077
Deferred income tax provision 3,911 2,076
Other 238 (39)
Changes in assets and liabilities:    
Trade receivables 45,861 35,763
Inventories (21,009) (28,963)
Prepaid expenses and other current assets (3,993) 1,062
Accounts payable and other current liabilities 3,993 (2,167)
Deferred revenue and advance payments 39,926 12,557
Other non-current assets and liabilities 147 (870)
Discontinued operations:    
Net cash provided by/(used in) discontinued operations 382 (517)
Net cash provided by operating activities 89,771 35,372
Cash flows from investing activities:    
Capital expenditures (19,840) (12,641)
Other 13 596
Net cash used in investing activities (19,827) $ (12,045)
Cash flows from financing activities:    
Repayment of debt (30,000)
Proceeds from stock options exercised 420 $ 1,540
Other 408 60
Net cash (used in)/provided by financing activities (29,172) 1,600
Effect of exchange rate changes on cash and cash equivalents 851 (2,535)
Net increase in cash and cash equivalents 41,623 22,392
Cash and cash equivalents at beginning of period 43,974 45,518
Cash and cash equivalents at end of period $ 85,597 $ 67,910