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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 53,035 $ 48,815
Adjustments to reconcile net income to net cash provided by operating activities:    
Tax benefit from the exercise of options (3,678) (3,243)
Depreciation and amortization 6,601 6,102
Loss on disposal of fixed assets 914 176
Other Asset Impairment Charges 0 1,810
Deferred Income Tax Expense (Benefit) 622 0
Stock-based compensation 10,322 7,950
Accrued interest on note receivable – related party (19) 549
Deferred rent expense 1,132 1,018
Realized gain on sale of marketable securities 127 (715)
Changes in:    
Accounts receivable, net of allowances (20,451) 4,195
Due from factor, net of allowances (135) (35,632)
Inventories (27,624) (29,135)
Prepaid expenses, deposits and other assets 2,594 (2,514)
Accounts payable and other accrued expenses 41,725 43,681
Net cash provided by operating activities 65,165 43,057
Cash flows from investing activities:    
Purchases of property and equipment (10,659) (8,030)
Purchases of marketable securities (46,428) (42,729)
Advance to seller of SM Canada 0 (3,085)
Payment of contingent liability 0 (2,367)
Sale of marketable securities 15,717 12,215
Acquisitions, net of cash acquired 0 (29,367)
Net cash used for investing activities (41,370) (73,363)
Cash flows from financing activities:    
Common stock share repurchases for treasury (32,763) 0
Proceeds from exercise of stock options 4,189 4,950
Tax benefit from the exercise of stock options 3,678 3,243
Net cash (used for)/provided by financing activities (24,896) 8,193
Net decrease in cash and cash equivalents (1,101) (22,113)
Cash and cash equivalents – beginning of period 168,777 102,830
Cash and cash equivalents – end of period $ 167,676 $ 80,717