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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 44,294 $ 39,403
Adjustments to reconcile net income to cash flows:    
Depreciation and amortization 17,717 16,320
Non-cash deferred revenue (2,972) (12,232)
Increase in inventory reserve 5,950 3,561
Stock based compensation 5,189 3,837
Deferred income tax provision 7,838 9,162
Other 265 (139)
Changes in assets and liabilities:    
Trade receivables 44,213 38,102
Inventories (40,088) (52,542)
Prepaid expenses and other current assets (2,144) (569)
Accounts payable and other current liabilities (11,462) 13,842
Deferred revenue and advance payments 39,363 25,340
Other non-current assets and liabilities (2,764) (2,978)
Discontinued operations:    
Non-current liabilities 6,748
Net cash used in discontinued operations (312) (1,062)
Net cash provided by operating activities 111,835 80,045
Cash flows from investing activities:    
Capital expenditures (37,706) (39,706)
Proceeds from sale of assets 13 2,282
Other (56)
Net cash used in investing activities (37,693) (37,480)
Cash flows from financing activities:    
Repayment of debt (30,000) (30,000)
Proceeds from stock options exercised 2,116 2,959
Debt issuance costs (2,515)
Other 2,958 861
Net cash used in financing activities (27,441) (26,180)
Effect of exchange rate changes on cash and cash equivalents 61 (1,721)
Net increase in cash and cash equivalents 46,762 14,664
Cash and cash equivalents at beginning of period 43,974 45,518
Cash and cash equivalents at end of period $ 90,736 $ 60,182