XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,875 $ 55,863
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,304 11,594
Provision for doubtful accounts 448 13
Provision for warranty and returns 367 1,286
Stock compensation 5,462 4,006
Loss on disposal of property and equipment 53 18
Bond premium amortization 142 0
Debt Issuance Costs amortization 72 0
Bargain purchase gain 0 (63,237)
Change in fair value of contingent earn-out (4,000) 0
Asset Impairment Charges 269 0
Impairment of Intangible Assets, Finite-lived 5,000 0
Other Noncash Expense 2,435 0
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable (11,901) (82,266)
Inventories 10,942 22,233
Prepaid expenses and other assets 3,569 (66,573)
Related-party receivables (32,779) 0
Accounts payable 8,737 11,456
Accrued liabilities (29,455) 39,907
Income taxes, including excess tax benefits and deferred income taxes (3,272) (10,909)
Net cash provided by operating activities (20,732) (76,609)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (26,544) (16,396)
Proceeds from sale of asset 13,000 0
Business acquisitions, net of cash acquired 0 157,097
Intangible assets additions (1,899) (410)
Purchases of investment securities (4,478) 0
Proceeds from sale of investment securities 4,900 0
Net cash used in investing activities (15,021) (173,903)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 3,155 8,992
Proceeds from employee stock purchase plan 0 1,326
Purchase of treasury stock (5,338) (3,718)
Net cash (used in) provided by financing activities (2,183) 6,600
Effect of exchange rate changes on cash 2,400 692
NET DECREASE IN CASH AND CASH EQUIVALENTS (35,536) (243,220)
CASH AND CASH EQUIVALENTS, beginning of period 290,072 [1] 445,082
CASH AND CASH EQUIVALENTS, end of period 254,536 201,862
NON-CASH INVESTING ACTIVITIES    
Capital Expenditures Incurred but Not yet Paid 280 437
Fair Value of Assets Acquired 0 881,732
Payments to Acquire Businesses, Net of Cash Acquired 0 (157,097)
Proceeds from Issuance of Debt 0 (75,000)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred 0 7,512
Business Combination, Contingent Consideration, Liability, Noncurrent 0 (19,000)
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 0 (413,139)
BARGAIN PURCHASE GAIN 0 (63,237)
Goodwill, Period Increase (Decrease) 0 1,015
Increase (Decrease) in Assumed Liabilities 0 162,786
Tangent [Member]    
NON-CASH INVESTING ACTIVITIES    
BARGAIN PURCHASE GAIN $ 0 $ (63,237)
[1] December 31, 2017 balances were derived from audited consolidated financial statements.