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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 20,717,000 $ 12,615,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,388,000 31,594,000
Gain on bargain purchase (10,796,000) 0
Losses on sales and/or abandonment of property and equipment 219,000 102,000
Write-off of patents and intangible assets 86,000 90,000
Acquired in-process research and development 12,136,000 400,000
Fair value changes in contingent liabilities/assets 0 99,000
Amortization of deferred credits (111,000) (128,000)
Amortization of long-term debt issuance costs 514,000 779,000
Deferred income taxes (290,000) 187,000
Excess tax benefits from stock-based compensation 0 (527,000)
Stock-based compensation expense 2,883,000 1,913,000
Changes in operating assets and liabilities, net of effects from acquisitions:    
Trade receivables (10,963,000) (5,166,000)
Employee receivables 54,000 42,000
Other receivables (503,000) 3,385,000
Inventories (9,922,000) 220,000
Prepaid expenses and other assets (1,587,000) (452,000)
Prepaid income taxes (231,000) (63,000)
Income tax refund receivables 280,000 514,000
Other assets (2,992,000) (1,591,000)
Trade payables (876,000) (9,018,000)
Accrued expenses 4,514,000 1,693,000
Advances from employees (44,000) (50,000)
Income taxes payable (764,000) (183,000)
Liabilities related to unrecognized tax benefits 0 (366,000)
Deferred compensation payable 1,107,000 500,000
Other long-term obligations 574,000 (251,000)
Total adjustments 22,676,000 23,723,000
Net cash provided by operating activities 43,393,000 36,338,000
Capital expenditures for:    
Property and equipment (29,522,000) (26,492,000)
Intangible assets (1,927,000) (1,594,000)
Proceeds from sale of cost method investment 0 1,089,000
Proceeds from the sale of property and equipment 9,000 5,000
Cash paid in acquisitions, net of cash acquired (103,500,000) (119,808,000)
Net cash used in investing activities (134,940,000) (146,800,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 143,069,000 4,422,000
Payment of offering costs related to issuance of common stock (816,000) 0
Proceeds from issuance of long-term debt 151,462,000 203,478,000
Payments on long-term debt (197,962,000) (82,658,000)
Excess tax benefits from stock-based compensation 0 527,000
Long-term debt issuance costs 0 (1,948,000)
Contingent payments related to acquisitions (45,000) (199,000)
Payment of taxes related to an exchange of common stock 0 (86,000)
Net cash provided by financing activities 95,708,000 123,536,000
EFFECT OF EXCHANGE RATES ON CASH 30,000 67,000
NET INCREASE IN CASH AND CASH EQUIVALENTS 4,191,000 13,141,000
CASH AND CASH EQUIVALENTS:    
Beginning of period 19,171,000 4,177,000
End of period 23,362,000 17,318,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $371 and $337, respectively) 5,953,000 6,223,000
Income taxes 4,029,000 2,237,000
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 1,394,000 2,709,000
Acquisition purchases in accrued expenses and other long-term obligations 12,000,000 293,000
Contingent receivable in exchange for sale of cost method investment 0 711,000
Merit common stock surrendered (0 and 14 shares, respectively) in exchange for exercise of stock options $ 0 $ 346,000