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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 23,731 $ 16,834
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,155 20,957
Operatingleaserightofuseassetamortization 2,372 2,305
Provision for doubtful accounts 0 5
Provision for warranty and returns 209 (821)
Stock compensation 6,022 6,939
Loss on disposal of property and equipment 659 562
Bond premium amortization 168 34
Debt Issuance Costs amortization 72 72
Change in fair value of contingent earn-out 0 0
Inventory Recall Expense 0 2,626
Sparepartsusage 2,825 4,900
Other Noncash Income (Expense) (1,287) 876
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable 1,506 899
Inventories 13,208 19,372
Prepaid expenses and other assets (742) 2,634
Increase (Decrease) in Other Operating Assets (3,463) (6,402)
Accounts payable 2,411 (35,063)
Accrued liabilities (19,965) 465
Income taxes, including excess tax benefits and deferred income taxes 1,439 2,325
Net cash provided by operating activities 51,320 39,519
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (14,028) (25,463)
Proceeds from sale of asset 55 131
Intangible assets additions (1,874) (1,958)
Purchases of investment securities (10,034) (7,082)
Proceeds from sale of investment securities 7,000 10,900
Net cash used in investing activities (18,881) (23,472)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Lines of Credit 0 150,000
Proceeds from exercise of stock options 4,864 560
Finance Lease, Principal Payments (141) 0
Payment, Tax Withholding, Share-based Payment Arrangement 7,723 12,174
Net cash (used in) provided by financing activities (3,000) 138,386
Effect of exchange rate changes on cash (1,287) (3,546)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 28,152 150,887
CASH AND CASH EQUIVALENTS, beginning of period 396,097 [1] 268,670
CASH AND CASH EQUIVALENTS, end of period 424,249 419,557
NON-CASH INVESTING ACTIVITIES    
Capital Expenditures Incurred but Not yet Paid $ 1,068 $ 7,112
[1] December 31, 2020 balances were derived from audited consolidated financial statements.