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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 24,462 $ 19,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,777 2,800
Stock-based compensation expense 2,276 1,562
Deferred income taxes (571) (16)
Provision for doubtful accounts 52
Provision for inventory 259 149
Tax benefit from equity awards (421) (877)
Changes in operating assets and liabilities:    
Accounts receivable (104) (6,550)
Inventories (3,229) 82
Prepaid expenses, other current and long-term assets 355 403
Accounts payable (5,390) 970
Accrued expenses and other current liabilities 1,091 (120)
Deferred revenue (43) (9)
Income taxes payable (3,496) 5,757
Other long-term liabilities (61) (76)
Net cash provided by operating activities 17,957 23,790
Cash flows from investing activities:    
Proceeds from maturity of investments 37,750 14,750
Purchase of investments (32,250) (30,009)
Purchase of property and equipment (12,608) (2,028)
Net cash used in investing activities (7,108) (17,287)
Cash flows from financing activities:    
Repurchases of common stock (25,000)
Proceeds from exercise of equity awards 988 1,075
Tax benefit from equity awards 421 877
Net cash (used in) provided by financing activities (23,591) 1,952
Exchange rate impact on cash 82 (142)
Increase (decrease) in cash and cash equivalents (12,660) 8,313
Cash and cash equivalents at beginning of period 110,707 100,156
Cash and cash equivalents at end of period 98,047 108,469
Non-cash Investing Activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 474 2,197
Build-to-suite lease agreement $ 1,825