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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 46,510 $ 37,535
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income from discontinued operations, net of income taxes 140 2,094
Income from continuing operations, net of income taxes 46,370 35,441
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,861 1,987
Stock-based compensation expense 4,494 3,398
Loss on foreign exchange hedge 0 3,489
Net loss on disposal of assets (138) (65)
Changes in operating assets and liabilities, net of assets acquired:    
Accounts and other receivables (17,457) (431)
Inventories (17,113) (8,047)
Other current assets 364 (1,109)
Accounts payable 11,932 5,194
Other liabilities and accrued expenses (2,346) (614)
Income taxes 5,642 3,286
Net cash provided by operating activities from continuing operations 34,885 42,659
Net cash used in operating activities from discontinued operations (1,784) (2,453)
Net cash provided by operating activities 33,101 40,206
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition, net of cash acquired (6,072) 0
Purchase of foreign exchange hedge 0 (3,489)
Purchases of property and equipment (3,923) (1,391)
Net cash used in investing activities from continuing operations (9,995) (4,880)
Net cash used in investing activities from discontinued operations 0 0
Net cash used in investing activities (9,995) (4,880)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase and retirement of common stock 12,750 0
Net payments related to stock-based award activities (4,032) (1,688)
Net cash used in financing activities from continuing operations (16,782) (1,688)
Net cash used in financing activities from discontinued operations 0 0
Net cash used in financing activities (16,782) (1,688)
EFFECT OF CURRENCY TRANSLATION ON CASH 167 1,133
INCREASE IN CASH AND CASH EQUIVALENTS 6,491 34,771
CASH AND CASH EQUIVALENTS, beginning of period 415,037 289,517
CASH AND CASH EQUIVALENTS, end of period 421,528 324,288
Less cash and cash equivalents from discontinued operations 7,654 6,339
CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period 413,874 317,949
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 56 0
Cash paid for income taxes 3,404 918
Cash received for refunds of income taxes 95 396
Cash held in banks outside the United States $ 320,753 $ 239,553