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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 97,201 $ 75,725 $ 50,107
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 11,404 8,271 5,940
Tax benefits from stock based compensation (4,154) (4,718) (497)
Depreciation and amortization 11,060 9,999 9,560
Loss on disposal of fixed assets 726 543 1,153
Deferred taxes 1,452 (798) (1,928)
Provision for doubtful accounts and chargebacks 2,961 1,576 2,381
Accrued interest on note receivable – related party (241) (281) (198)
Deferred rent expense and other non-current liabilities (357) 423 271
Loss (gain) on sale of marketable securities (1,254) (29) 182
Changes in:      
Accounts receivable (16,543) (8,266) (5,169)
Due from factor (9,336) (4,985) (15,939)
Inventories (9,210) (8,804) 1,144
Prepaid expenses, prepaid taxes, deposits and other assets (2,068) (4,420) 1,691
Accounts payable and accrued expenses (7,551) 19,572 10,561
Accrued incentive compensation 964 3,603 4,445
Other liabilities (86) (538) 638
Net cash provided by operating activities 74,968 86,873 64,342
Cash flows from investing activities:      
Purchase of property and equipment (15,477) (3,424) (3,399)
Purchases of marketable securities (17,968) (72,663) (67,265)
Purchases of notes receivable   (7,004)  
Payment on contingent liability (4,151) (1,628)  
Maturity/sale of marketable securities 67,885 30,092 17,543
Refundable cash acquired from seller 12,004    
Acquisitions* (89,730) (40,602) (5,776)
Net cash (used in) provided by investing activities (47,437) (95,229) (58,897)
Cash flows from financing activities:      
Advances from factor - net     (30,168)
Proceeds from exercise of stock options 4,994 5,082 3,904
Tax benefits from stock based compensation 4,154 4,718 497
Common stock purchased for treasury   (4,559)  
Net cash provided by (used in) financing activities 9,148 5,241 (25,767)
Net (decrease) increase in cash and cash equivalents 36,679 (3,115) (20,322)
Cash and cash equivalents - beginning of year 66,151 69,266 89,588
Cash and cash equivalents – end of year 102,830 66,151 69,266
Cash paid during the year for:      
Interest 51 4 93
Income taxes 59,633 42,651 30,508
Non-cash transactions      
Dividend accrual (forfeitures) related to restricted stock   $ (2) $ (1)