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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 18,939 $ 53,572
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,512 14,351
Provision for doubtful accounts 1,906 0
Provision for warranty and returns 3,639 (22)
Stock compensation 13,387 11,464
Loss (gain) on disposal of property and equipment 3,177 40
Bond premium amortization 12 1,026
Bargain purchase gain (71,771) (1,456)
Change in fair value of earn-out 13,000 0
Other Noncash Expense 1,690 69
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable (51,498) 4,736
Inventories 148,482 (6,635)
Prepaid expenses and other assets (125,403) (2,228)
Accounts payable 17,551 (1,587)
Accrued liabilities 63,234 (7,314)
Income taxes, including excess tax benefits and deferred income taxes (13,982) 2,691
Net cash provided by operating activities 69,875 68,707
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (51,702) (15,018)
Proceeds from sale of asset 2 1
Payments to Acquire Businesses, Net of Cash Acquired 157,097 2,584
Intangible assets additions (3,718) (861)
Purchases of investment securities (24,743) (111,575)
Proceeds from sale of investment securities 0 45,429
Net cash (used in) provided by investing activities (237,258) (84,608)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 19,967 15,830
Proceeds from employee stock purchase plan 2,705 2,361
Purchase of treasury stock (3,951) (17,155)
Net cash provided by financing activities 18,721 1,036
Effect of exchange rate changes on cash 4,194 1,664
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (144,468) (13,201)
CASH AND CASH EQUIVALENTS, beginning of period 445,082 [1] 336,164
CASH AND CASH EQUIVALENTS, end of period 300,614 322,963
NON-CASH INVESTING ACTIVITIES    
Capital Expenditures Incurred but Not yet Paid 1,435 595
Fair Value of Assets Acquired 893,582 4,081
Payments to Acquire Businesses, Net of Cash Acquired (157,097) (2,584)
Proceeds from Issuance of Debt   0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred 7,512 0
Business Combination, Contingent Consideration, Liability, Noncurrent (19,000)  
Business Combination, Consideration Transferred, Equity Issued, Fair Value 413,139  
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable   0
BARGAIN PURCHASE GAIN (71,771) (1,456)
Goodwill, Acquired During Period 1,015  
Goodwill, Period Increase (Decrease)   (775)
Liabilities Assumed 166,102  
Increase (Decrease) in Assumed Liabilities   (734)
Hospira [Member]    
NON-CASH INVESTING ACTIVITIES    
Proceeds from Issuance of Debt (75,000)  
BARGAIN PURCHASE GAIN $ (71,771)  
Tangent [Member]    
NON-CASH INVESTING ACTIVITIES    
BARGAIN PURCHASE GAIN   $ (1,456)
[1] December 31, 2016 balances were derived from audited consolidated financial statements.