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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) Statements - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 57,354 $ 72,495
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,497 8,337
Deferred taxes 33,028 (347)
Share-based compensation 5,402 4,329
Loss (gain) on disposal of long-lived assets and deferred gain amortization 1,035 (124)
Gain on sale of preferred shares in Topgolf 0 (17,662)
Unrealized losses on foreign currency forward contracts 1,550 884
Change in assets and liabilities:    
Accounts receivable, net (84,368) (86,452)
Inventories 28,022 61,843
Other assets (5,901) 918
Accounts payable and accrued expenses (10,335) (18,475)
Accrued employee compensation and benefits (5,695) (8,119)
Accrued warranty expense 574 466
Income taxes receivable/payable, net (2,941) (161)
Other liabilities 102 (171)
Net cash provided by operating activities 26,324 17,761
Cash flows from investing activities:    
Acquisition, net of cash acquired (57,890) 0
Capital expenditures (12,186) (7,487)
Proceeds from sales of property and equipment 560 20
Proceeds from sale of investments in golf-related ventures 0 23,429
Collection of note receivable 0 3,104
Investments in golf-related venture 0 (1,560)
Net cash (used in) provided by investing activities (69,516) 17,506
Cash flows from financing activities:    
Repayments of asset-based credit facilities, net (5,735) (9,638)
Acquisition of treasury stock (16,410) (5,133)
Dividends paid (1,882) (1,882)
Distributions to non-controlling interests (974) 0
Exercise of stock options 3,085 2,096
Net cash used in financing activities (21,916) (14,557)
Effect of exchange rate changes on cash and cash equivalents 1,092 (2,892)
Net (decrease) increase in cash and cash equivalents (64,016) 17,818
Cash and cash equivalents at beginning of period 125,975 49,801
Cash and cash equivalents at end of period 61,959 67,619
Supplemental disclosures:    
Cash paid for income taxes, net 6,217 3,920
Cash paid for interest and fees 1,179 1,109
Non-cash investing and financing activities:    
Issuance of treasury stock for compensatory stock awards released from restriction 5,414 817
Accrued capital expenditures at period-end $ 1,661 $ 640