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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 23,211 $ 21,799
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,902 22,682
Deferred taxes (7,933) (10,257)
Tax benefit from employee stock plans 1,820 10,176
Excess tax benefit from stock-based compensation (298) (11,314)
Provision for bad debts and sales-related allowances 3,724 2,520
Provision for inventory obsolescence 3,627 3,799
Stock-based compensation, net of cash settlements 27,777 25,151
Contingent consideration payments related to businesses acquired   (1,428)
Non-cash accretion of interest expense on convertible notes and imputed financing obligation 9,692 1,387
Other non-cash charges and credits 1,220 (2,638)
Changes in operating assets and liabilities, net of effect of acquired companies (49,753) (15,138)
Net cash provided by operating activities 40,989 46,739
Cash flows from investing activities:    
Purchases of short-term investments (243,065) (70,587)
Proceeds from sales and maturities of short-term investments 247,821 90,349
Purchases, net of proceeds from sales, of property and equipment (13,146) (12,938)
Businesses purchased, net of cash acquired (65,480) (20,745)
Net cash used for investing activities (73,870) (13,921)
Cash flows from financing activities:    
Proceeds from issuance of convertible notes, net of debt issuance cost payments (58) 337,207
Purchase of convertible note hedges   (63,928)
Proceeds from issuance of warrants   34,535
Proceeds from issuance of common stock 11,352 16,196
Purchases of treasury stock and net share settlements (50,892) (88,816)
Repayment of debt assumed through business acquisitions (22,531) (525)
Contingent consideration payments related to businesses acquired (3,034) (9,359)
Excess tax benefit from stock-based compensation 298 11,314
Net cash provided by (used for) financing activities (64,865) 236,624
Effect of foreign exchange rate changes on cash and cash equivalents (1,435) (1,152)
Increase (decrease) in cash and cash equivalents (99,181) 268,290
Cash and cash equivalents at beginning of period 298,133 177,084
Cash and cash equivalents at end of period $ 198,952 $ 445,374