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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 92,418 $ 102,450 $ 81,678
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 37,857 31,848 24,665
Non-cash deferred revenue (1,709) (4,887) (25,822)
Restructuring expenses     1,138
Unrealized gain on investment in equity securities (13,023)    
Increase in inventory reserve 6,967 4,892 7,885
Stock based compensation 4,094 8,914 7,766
Deferred income tax provision (2,057) 7,186 8,556
Toll tax (2,105) 2,105  
Other 134 581 160
Changes in assets and liabilities:      
Trade receivables (62,183) 40,651 (5,120)
Contract assets 20,916    
Inventories (7,658) (13,283) (23,679)
Prepaid expenses and other current assets 14,927 (8,123) (729)
Accounts payable and other current liabilities (2,307) (20,114) 12,056
Deferred revenue and advance payments 3,238 985 41,962
Other non-current assets and liabilities (2,666) (5,608) (3,961)
Discontinued operations:      
Non-current liabilities 1,055 2,858 7,517
Net cash used in discontinued operations (916) (1,440) (516)
Net cash provided by operating activities 86,982 149,015 133,556
Cash flows from investing activities:      
Capital expenditures (62,598) (52,143) (49,714)
Proceeds from sale of assets     13
Proceeds from sale of business   2,836  
Acquisition of business and equity investment, net of cash acquired (424,244)   (24,275)
Net cash used in investing activities (486,842) (49,307) (73,976)
Cash flows from financing activities:      
Borrowings 325,000    
Repayments (25,000)   (30,000)
Proceeds from stock options exercised 14,041 4,781 4,941
Debt issuance costs     (2,515)
Net cash provided by/(used in) financing activities 314,041 4,781 (27,574)
Effect of exchange rate changes on cash and cash equivalents (1,613) 4,654 (1,839)
Net (decrease)/increase in cash and cash equivalents (87,432) 109,143 30,167
Cash and cash equivalents at beginning of year 183,284 74,141 43,974
Cash and cash equivalents at end of year 95,852 183,284 74,141
Supplemental disclosure:      
Interest paid, net of capitalized interest 4,923 1,270 425
Income taxes paid, net of refunds received $ 15,671 $ 45,744 $ 18,210