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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 21,862 $ 18,167
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 2,616 2,619
Provision for doubtful accounts 165 225
Noncash share-based compensation 513 507
Deferred tax benefit (258) (406)
Change in fair value of derivatives 215 (285)
Changes in:    
Accounts receivable (42,959) (33,983)
Inventories (1,178) (13,274)
Other assets (1,200) (743)
Accounts payable and accrued expenses (6,984) (563)
Income taxes, net 6,552 4,733
Net cash used in operating activities (20,656) (23,003)
Cash flows from investing activities:    
Purchases of short-term investments (9,979) (24,310)
Proceeds from sale of short-term investments 4,259
Purchases of equipment and leasehold improvements (580) (729)
Payment for intangible assets acquired (1,352) (129)
Net cash used in investing activities (11,911) (20,909)
Cash flows from financing activities:    
Repayment of long-term debt (6,140) (5,250)
Proceeds from exercise of options 1,003 542
Dividends paid (6,561) (5,293)
Dividends paid to minority interest (362)
Net cash used in financing activities (12,060) (10,001)
Effect of exchange rate changes on cash 5,213 1,914
Net decrease in cash and cash equivalents (39,414) (51,999)
Cash and cash equivalents - beginning of period 208,343 161,828
Cash and cash equivalents - end of period 168,929 109,829
Cash paid for:    
Interest 420 492
Income taxes $ 5,306 $ 4,576