XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,686us-gaap_ProfitLoss $ 6,657us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,629us-gaap_DepreciationDepletionAndAmortization 4,765us-gaap_DepreciationDepletionAndAmortization
Provision for doubtful accounts 0us-gaap_ProvisionForDoubtfulAccounts 3us-gaap_ProvisionForDoubtfulAccounts
Provision for warranty and returns 31icui_ProvisionForWarrantyAndReturns (410)icui_ProvisionForWarrantyAndReturns
Stock compensation 2,813us-gaap_ShareBasedCompensation 1,973us-gaap_ShareBasedCompensation
Loss (gain) on disposal of property and equipment 2us-gaap_GainLossOnSaleOfPropertyPlantEquipment (5)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Bond premium amortization 943us-gaap_InvestmentIncomeAmortizationOfPremium 601us-gaap_InvestmentIncomeAmortizationOfPremium
Cash provided (used) by changes in operating assets and liabilities    
Accounts receivable (4,947)us-gaap_IncreaseDecreaseInAccountsReceivable 2,416us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (1,785)us-gaap_IncreaseDecreaseInInventories (2,267)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (980)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (800)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 1,951us-gaap_IncreaseDecreaseInAccountsPayable 382us-gaap_IncreaseDecreaseInAccountsPayable
Accrued liabilities 3,300us-gaap_IncreaseDecreaseInAccruedLiabilities (2,557)us-gaap_IncreaseDecreaseInAccruedLiabilities
Income taxes, including excess tax benefits and deferred income taxes (2,392)icui_IncreaseDecreaseinincometaxesincludingexcesstaxbenefitsanddeferredincometaxes 1,956icui_IncreaseDecreaseinincometaxesincludingexcesstaxbenefitsanddeferredincometaxes
Net cash provided by operating activities 13,251us-gaap_NetCashProvidedByUsedInOperatingActivities 12,714us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,357)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,908)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of asset 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 5us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Intangible assets acquired (208)us-gaap_PaymentsToAcquireIntangibleAssets (120)us-gaap_PaymentsToAcquireIntangibleAssets
Purchases of investment securities (9,205)us-gaap_PaymentsToAcquireMarketableSecurities (36,908)us-gaap_PaymentsToAcquireMarketableSecurities
Proceeds from sale of investment securities 31,785us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 30,936us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Net cash provided (used) by investing activities 20,015us-gaap_NetCashProvidedByUsedInInvestingActivities (11,995)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 4,777us-gaap_ProceedsFromStockOptionsExercised 4,202us-gaap_ProceedsFromStockOptionsExercised
Proceeds from employee stock purchase plan 1,041us-gaap_ProceedsFromStockPlans 1,384us-gaap_ProceedsFromStockPlans
Tax benefits from exercise of stock options 3,059us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,178us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Purchase of treasury stock (1,435)us-gaap_TreasuryStockValueAcquiredCostMethod (5,835)us-gaap_TreasuryStockValueAcquiredCostMethod
Net cash provided by financing activities 7,442us-gaap_NetCashProvidedByUsedInFinancingActivities 929us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (7,987)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (47)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
NET INCREASE IN CASH AND CASH EQUIVALENTS 32,721us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,601us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, beginning of period 275,812us-gaap_CashAndCashEquivalentsAtCarryingValue 226,022us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, end of period 308,533us-gaap_CashAndCashEquivalentsAtCarryingValue 227,623us-gaap_CashAndCashEquivalentsAtCarryingValue
NON-CASH INVESTING ACTIVITIES    
Accrued liabilities for property and equipment $ 144us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 1,008us-gaap_CapitalExpendituresIncurredButNotYetPaid