XML 41 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 48,815 $ 41,547
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Tax benefit from the exercise of options (3,243) (3,841)
Depreciation and amortization 6,102 4,772
Loss on disposal of fixed assets 176 580
Impairment of note receivable 1,810 0
Non-cash compensation 7,950 5,565
Provision for doubtful accounts and chargebacks (1,268) (718)
Accrued interest on note receivable – related party 549 (118)
Deferred rent expense 1,018 (594)
Realized loss (gain) on sale of marketable securities (715) (438)
Changes in:    
Accounts receivable 4,747 (1,040)
Due from factor (34,916) (28,555)
Inventories (29,135) (15,982)
Prepaid expenses, deposits and other assets (2,514) 1,730
Accounts payable and other accrued expenses 43,681 18,986
Net cash provided by (used in) operating activities 43,057 21,894
Cash flows from investing activities:    
Purchases of property and equipment (8,030) (5,973)
Purchases of marketable securities (42,729) (13,984)
Purchase of note receivable (3,085) 0
Payment of contingent liability (2,367) 0
Sale of marketable securities 12,215 41,081
Acquisition, net of cash acquired (29,367) (85,234)
Net cash used in investing activities (73,363) (64,110)
Cash flows from financing activities:    
Proceeds from exercise of stock options 4,950 3,485
Tax benefit from the exercise of options 3,243 3,841
Net cash provided by financing activities 8,193 7,326
Net decrease in cash and cash equivalents (22,113) (34,890)
Cash and cash equivalents – beginning of period 102,830 66,151
Cash and cash equivalents – end of period $ 80,717 $ 31,261