XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 74,932 $ 49,328
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,504 11,394
Deferred income taxes 4,208 (2,741)
Stock-based compensation 5,351 4,959
Unrealized (gains) losses on foreign currency transactions 3,462 4,802
Other 842 175
Provisions for inventory, warranty & bad debt 9,002 8,927
Changes in assets and liabilities that (used) provided cash:    
Accounts receivable (22,801) 8,140
Inventories (22,408) (19,365)
Prepaid expenses and other current assets (3,972) (178)
Accounts payable (1,560) (6,749)
Accrued expenses and other liabilities (659) (8,378)
Income and other taxes payable (10,081) 14,583
Net cash provided by operating activities 50,820 64,897
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of and deposits on property, plant and equipment (21,875) (24,960)
Proceeds from sales of property, plant and equipment 99 129
Purchases of short-term investments (28,173) (29,899)
Proceeds from short-term investments 70,370 10,000
Other (47) 46
Net cash provided by (used in) investing activities 20,374 (44,684)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from line-of-credit facilities 1,934 2,214
Payments on line-of-credit facilities (1,934) (2,223)
Principal payments on long-term borrowings (797) (500)
Exercise of employee stock options and shares withheld to cover employee restricted stock taxes 9,600 2,644
Purchase of treasury stock, at cost (12,539) 0
Net cash (used in) provided by financing activities (3,736) 2,135
EFFECT OF CHANGES IN EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 6,465 8,812
NET INCREASE IN CASH AND CASH EQUIVALENTS 73,923 31,160
CASH AND CASH EQUIVALENTS — Beginning of period 623,855 582,532
CASH AND CASH EQUIVALENTS — End of period 697,778 613,692
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 447 171
Cash paid for income taxes 31,371 11,955
Non-cash transactions:    
Demonstration units transferred from inventory to other assets 802 623
Inventory transferred to machinery and equipment 1,051 361
(Reductions) additions to property, plant and equipment included in accounts payable $ (1,310) $ 326