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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 18,825 $ 19,817
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 4,441 5,143
Provision for doubtful accounts 55 37
Noncash stock compensation 392 457
Deferred tax provision 1,567 $ 1,976
Change in fair value of derivatives 186  
Changes in:    
Accounts receivable (4,494) $ (17,157)
Inventories (26,182) (9,049)
Other assets (1,929) (1,336)
Accounts payable and accrued expenses (289) (18,127)
Income taxes, net (1,601) 6,799
Net cash used in operating activities (9,029) (11,440)
Cash flows from investing activities:    
Purchases of short-term investments (56,307) (233,794)
Proceeds from sale of short-term investments 79,592 198,968
Purchases of equipment and leasehold improvements (1,588) (1,144)
Payment for intangible assets acquired (119,500) (704)
Net cash used in investing activities (97,803) (36,674)
Cash flows from financing activities:    
Repayments of loans payable - banks, net (274) $ (5,836)
Proceeds from issuance of long-term debt 111,620  
Repayments of long-term debt (438)  
Proceeds from exercise of options 428 $ 801
Proceeds from sale of stock of subsidiary 654 990
Dividends paid (7,745) (7,415)
Dividends paid to noncontrolling interest $ (4,759) (4,667)
Purchase of treasury stock   (37)
Net cash provided by (used in) financing activities $ 99,486 (16,164)
Effect of exchange rate changes on cash (5,861) (1,221)
Net decrease in cash and cash equivalents (13,207) (65,499)
Cash and cash equivalents - beginning of period 90,138 125,650
Cash and cash equivalents - end of period 76,931 60,151
Cash paid for:    
Interest 1,093 699
Income taxes $ 11,797 $ 6,453