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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 68,644 $ 63,084 $ 44,985
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 66,569 19,050 18,073
Provision for doubtful accounts 2,308 0 54
Provision for warranty and returns 845 559 52
Stock compensation 19,352 15,242 12,827
Loss (gain) on disposal of property and equipment 3,778 59 (1,106)
Bond premium amortization 103 1,355 1,670
Debt issuance cost amortization 48 0 0
Impairment of assets held for sale 0 728 4,139
Bargain Purchase Gain (70,890) (1,456) 0
Change in fair value of contingent earn-out 8,000 0 0
Other (220) 75 0
Changes in operating assets and liabilities      
Accounts receivable (54,533) 744 (20,515)
Inventories 181,699 (5,501) (8,337)
Prepaid expenses and other assets (31,807) (3,028) (1,832)
Increase (Decrease) in Due from Related Parties, Current (95,309) 0 0
Accounts payable 46,648 (463) 3,118
Accrued liabilities 33,813 (1,221) 9,454
Income taxes, including excess tax benefits and deferred income taxes (24,625) 714 1,613
Net cash provided by operating activities 154,423 89,941 64,195
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (74,479) (23,361) (12,984)
Proceeds from sale of assets 2 0 3,592
Proceeds from the disposal of assets held for sale 0 3,268 0
Intangible asset additions (5,203) (1,192) (951)
Business acquisitions, net of cash acquired (162,448) (2,584) (56,786)
Proceeds from sale of assets acquired in a business acquisition 0 0 28,970
Purchases of investment securities (24,743) (118,384) (56,137)
Proceeds from sale of investment securities 0 158,534 83,054
Net cash (used in) provided by investing activities (266,871) 16,281 (11,242)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of Long-term obligations (75,000) 0 0
Proceeds from exercise of stock options 32,003 17,346 15,042
Proceeds from employee stock purchase plan 2,705 2,361 2,162
Purchase of treasury stock (4,057) (17,235) (1,523)
Net cash (used in) provided by financing activities (44,349) 2,472 15,681
Effect of exchange rate changes on cash 1,787 224 (8,282)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (155,010) 108,918 60,352
CASH AND CASH EQUIVALENTS, beginning of period 445,082 336,164 275,812
CASH AND CASH EQUIVALENTS, end of period 290,072 445,082 336,164
SUPPLEMENTAL DISCLSOURE OF CASH FLOW INFORMATION      
Cash paid during the year for income taxes 5,109 21,101 22,998
Cash paid during the year for interest 2,047 118 39
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES      
Accounts payable for property and equipment 5,376 1,566 182
Fair value of assets acquired 886,569 3,306 60,693
Cash paid for acquisitions, net of cash acquired (162,448) (2,584) (56,786)
Proceeds from Issuance of Debt (75,000) 0 0
Estimated working capital adjustment 4,253 0 0
Contingent consideration (19,000) 0 0
Issuance of common stock for acquisitions (413,139) 0 0
Bargain Purchase Gain (70,890) (1,456) 0
Goodwill, Acquired During Period 6,536 0 0
Liabilities Assumed/Adjustments to liabilities assumed (156,881)   $ (3,907)
Adjustments to assumed liabilities   $ (734)  
Hospira [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Bargain Purchase Gain (70,890)    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES      
Proceeds from Issuance of Debt (75,000)    
Contingent consideration (19,000)    
Issuance of common stock for acquisitions (413,139)    
Bargain Purchase Gain $ (70,890)