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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 44,699 $ 52,169
Adjustments to reconcile net income to net cash (used for)/provided by operating activities:    
Tax benefit from the exercise of stock options (8,974) (1,140)
Depreciation and amortization 9,265 7,206
Loss on disposal of fixed assets 661 78
Impairment charge 3,045 0
Deferred taxes (6,856) 3,921
Forgiveness of note receivable - related party 169 0
Stock-based compensation 9,082 9,776
Deferred rent 303 604
Realized gain (loss) on sale of marketable securities 96 4
Contingent Liability (142) (1,100)
Changes, net of acquisitions, in:    
Accounts receivable, net of allowances (7,406) 29,664
Factor accounts receivable, net of allowances (16,878) (46,682)
Inventories (19,256) (13,614)
Prepaids and other assets 11,183 1,020
Accounts payable and other accrued expenses 34,792 25,907
Net cash (used for)/provided by operating activities 53,783 67,813
Cash flows from investing activities:    
Purchases of property and equipment (8,452) (8,022)
Purchases of marketable securities (27,093) (15,012)
Sales of marketable securities 26,224 3,901
Proceeds from Collection of Notes Receivable 240 383
Acquisitions, net of cash acquired (8,729) (6,750)
Net cash used for investing activities (17,810) (25,500)
Cash flows from financing activities:    
Common stock repurchases for treasury (74,156) (65,609)
Proceeds from exercise of stock options 19,703 1,032
Tax benefit from the exercise of stock options 8,974 1,140
Advances from factor (2,950) (3,315)
Net cash used for financing activities (48,429) (66,752)
Net decrease in cash and cash equivalents (12,456) (24,439)
Cash and cash equivalents – beginning of period 81,450 180,275
Cash and cash equivalents – end of period $ 68,994 $ 155,836