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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 91,206 $ 62,191
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,203 23,023
Non-cash deferred revenue (1,116) (4,991)
Increase in inventory reserve 5,687 3,217
Unrealized gain on investment in equity securities (10,757)  
Unrealized gain on foreign currency contracts (1,582)  
Stock based compensation 4,106 6,321
Deferred income tax provision (14,025) 1,087
Other (146) 516
Changes in assets and liabilities:    
Account receivables 12,144 35,995
Contract assets (58,147)  
Inventories 1,747 (38,245)
Prepaid expenses and other current assets 6,446 (70)
Accounts payable and other current liabilities (17,476) (16,422)
Contract liabilities, current 471 512
Other non-current assets and liabilities (3,338) (2,282)
Discontinued operations:    
Non-current liabilities 898 2,418
Net cash used in discontinued operations (557) (1,185)
Net cash provided by operating activities 39,764 72,085
Cash flows from investing activities:    
Capital expenditures (43,545) (38,241)
Proceeds from sale of business   2,836
Acquisition of business, net of cash acquired (418,963)  
Net cash used in investing activities (462,508) (35,405)
Cash flows from financing activities:    
Borrowings 325,000  
Proceeds from stock options exercised 12,685 3,448
Net cash provided by financing activities 337,685 3,448
Effect of exchange rate changes on cash and cash equivalents (1,090) 4,134
Net (decrease)/increase in cash and cash equivalents (86,149) 44,262
Cash and cash equivalents at beginning of period 183,284 74,141
Cash and cash equivalents at end of period $ 97,135 $ 118,403