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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 23,749 $ 24,462
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,224 2,777
Stock-based compensation expense 3,940 2,276
Deferred income taxes 943 (571)
Provision for doubtful accounts (1) 52
Provision for inventory 609 259
Changes in operating assets and liabilities:    
Accounts receivable 4,388 (104)
Inventories (4,668) (3,229)
Prepaid expenses, other current and long-term assets (922) 355
Accounts payable 2,030 (5,390)
Accrued expenses and other current liabilities 643 1,091
Income taxes 645 (3,496)
Other long-term liabilities (749) (104)
Net cash provided by operating activities 33,831 18,378
Cash flows from investing activities:    
Proceeds from maturity of investments 31,250 37,750
Purchase of investments (36,500) (32,250)
Purchase of property and equipment (6,506) (12,608)
Net cash used in investing activities (11,756) (7,108)
Cash flows from financing activities:    
Repurchases of common stock 0 (25,000)
Proceeds from exercise of equity awards 310 988
Net cash provided by (used in) financing activities 310 (24,012)
Exchange rate impact on cash 314 82
Increase (decrease) in cash and cash equivalents 22,699 (12,660)
Cash and cash equivalents at beginning of period 104,261 110,707
Cash and cash equivalents at end of period 126,960 98,047
Non-cash investing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 1,208 474
Build-to-suit lease agreement $ 0 $ 1,825