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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 23,532 $ 21,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Tax benefit from the exercise of options (658) (2,513)
Depreciation and amortization 3,363 2,960
Loss on disposal of fixed assets 920 0
Stock-based compensation 5,151 4,007
Provision for doubtful accounts and chargebacks (3,373) (2,871)
Accrued interest on note receivable – related party (19) 568
Deferred rent expense 651 281
Realized gain on sale of marketable securities 89 14
Changes in:    
Accounts receivable (18,557) 4,180
Due from factor 19,535 (22,318)
Inventories 5,097 8,741
Prepaid expenses, deposits and other assets 5,187 914
Accounts payable and other accrued expenses (14,568) (2,165)
Net cash provided by operating activities 26,350 13,725
Cash flows from investing activities:    
Purchases of property and equipment (4,226) (3,270)
Purchases of marketable securities (29,590) (26,841)
Advance to seller of SM Canada 0 (3,085)
Payment of contingent liability 0 (291)
Sale of marketable securities 3,218 2,191
Acquisitions, net of cash acquired 0 (29,367)
Net cash used for investing activities (30,598) (60,663)
Cash flows from financing activities:    
Common Stock Share repurchases for treasury (11,141) 0
Proceeds from exercise of stock options 651 3,548
Tax benefit from the exercise of stock options 658 2,513
Net cash (used for)/provided by financing activities (9,832) 6,061
Net decrease in cash and cash equivalents (14,080) (40,877)
Cash and cash equivalents – beginning of period 168,777 102,830
Cash and cash equivalents – end of period $ 154,697 $ 61,953