XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows provided by operating activities:    
Net income $ 65,060 $ 17,563
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,833 5,278
Amortization of debt issuance costs, original issue discount and soft call premium 2,715  
Stock-based compensation 8,782 4,152
Provision for excess and obsolete inventory 5,031 2,948
Provision for bad debt 316 17
Deferred income taxes (1,809) 347
Excess tax benefits from stock-based compensation   (233)
Other 85 68
Changes in operating assets and liabilities:    
Trade accounts receivable (15,215) (10,084)
Inventories (11,714) (844)
Income taxes 8,067 2,316
Other current assets (1,525) (3,562)
Accrued compensation (16,786) (7,086)
Other current and non-current liabilities 1,082 7,718
Accounts payable 809 4,772
Other assets (674) (189)
Net cash provided by operating activities 66,057 23,181
Cash flows provided by investing activities:    
Purchases of investments (42,292) (82,135)
Maturities of investments 55,672 76,972
Sales of investments 21,179 128,250
Purchases of property, plant and equipment (4,099) (2,156)
Net cash provided by investing activities 30,460 120,931
Cash flows used in financing activities:    
Restricted cash (148)  
Proceeds from short-term borrowings 736  
Payments on short-term borrowings (1,398)  
Payments on long-term borrowings (51,570)  
Repurchase of common stock   (1,545)
Net payments related to employee stock awards (2,894) (2,587)
Dividend payments to common stockholders (9,419) (9,056)
Excess tax benefits from stock-based compensation   233
Net cash used in financing activities (64,693) (12,955)
Effect of exchange rate changes on cash and cash equivalents (4,535) (876)
Increase in cash and cash equivalents 27,289 130,281
Cash and cash equivalents at beginning of period 228,623 227,574
Cash and cash equivalents at end of period $ 255,912 $ 357,855