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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 19,865 $ 14,582
Adjustments to reconcile net income to cash flows:    
Depreciation and amortization 7,185 5,578
Non-cash deferred revenue (3,711) (2,310)
Increase in inventory reserve 688 1,936
Unrealized loss/(gain) on foreign currency contracts 4 (1,006)
Stock based compensation 1,786 1,535
Deferred income tax provision 634 3,911
Other (341) 238
Changes in assets and liabilities:    
Trade receivables 43,313 45,861
Inventories (28,246) (21,009)
Prepaid expenses and other current assets 1,521 (3,993)
Accounts payable and other current liabilities (9,982) 4,397
Deferred revenue and advance payments 1,450 39,926
Other non-current assets and liabilities 407 147
Discontinued operations:    
Non-cash adjustments to net income 1,923
Net cash (used in)/provided by discontinued operations (511) 382
Net cash provided by operating activities 35,985 90,175
Cash flows from investing activities:    
Capital expenditures (12,172) (19,840)
Other 13
Net cash used in investing activities (12,172) (19,827)
Cash flows from financing activities:    
Repayment of debt (30,000)
Proceeds from stock options exercised 725 420
Other 4
Net cash provided by/(used in) financing activities 725 (29,576)
Effect of exchange rate changes on cash and cash equivalents 495 851
Net increase in cash and cash equivalents 25,033 41,623
Cash and cash equivalents at beginning of period 74,141 43,974
Cash and cash equivalents at end of period $ 99,174 $ 85,597