XML 42 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 21,927 $ 17,852
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Tax benefit from the exercise of options (2,513) (544)
Depreciation and amortization 2,960 2,209
Loss on disposal of fixed assets   463
Non-cash compensation 4,007 2,525
Provision for doubtful accounts and chargebacks (2,871) (3,301)
Accrued interest on note receivable – related party 568 (58)
Deferred rent expense 281 194
Realized loss (gain) on sale of marketable securities 14 (45)
Changes in:    
Accounts receivable 4,180 (8,133)
Due from factor (22,318) (14,624)
Inventories 8,741 5,712
Prepaid expenses, deposits and other assets 914 552
Accounts payable and other accrued expenses (2,165) (4,383)
Net cash provided by (used in) operating activities 13,725 (1,581)
Cash flows from investing activities:    
Purchases of property and equipment (3,270) (3,702)
Purchases of marketable securities (26,841) (12,890)
Purchase of note receivable (3,085)  
Payment of contingent liability (291)  
Sale of marketable securities 2,191 11,600
Acquisition, net of cash acquired (29,367)  
Net cash used in investing activities (60,663) (4,992)
Cash flows from financing activities:    
Proceeds from exercise of stock options 3,548 232
Tax benefit from the exercise of options 2,513 544
Net cash provided by financing activities 6,061 776
Net decrease in cash and cash equivalents (40,877) (5,797)
Cash and cash equivalents – beginning of period 102,830 66,151
Cash and cash equivalents – end of period $ 61,953 $ 60,354