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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 38,390 $ 35,819
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 4,157 4,703
Deferred taxes 0 (15)
Share-based compensation 2,194 1,826
Gain on disposal of long-lived assets and deferred gain amortization (270) (257)
Discount amortization on convertible notes 0 202
Change in assets and liabilities:    
Accounts receivable, net (114,973) (155,309)
Inventories 25,625 23,357
Other assets (2,821) 1,129
Accounts payable and accrued expenses (11,793) 9,274
Accrued employee compensation and benefits (11,641) (11,111)
Accrued warranty expense 644 801
Income taxes receivable/payable (718) (295)
Other liabilities (253) (472)
Net cash used in operating activities (71,459) (90,348)
Cash flows from investing activities:    
Capital expenditures (4,963) (2,393)
Investment in golf-related ventures (1,260) 0
Collection of note receivable 3,104 0
Proceeds from sales of property and equipment 6 1
Net cash used in investing activities (3,113) (2,392)
Cash flows from financing activities:    
Proceeds from asset-based credit facilities, net 64,000 79,083
Exercise of stock options 384 2,239
Dividends paid (941) (780)
Acquisition of treasury stock (2,878) (1,402)
Net cash provided by financing activities 60,565 79,140
Effect of exchange rate changes on cash and cash equivalents (658) (799)
Net decrease in cash and cash equivalents (14,665) (14,399)
Cash and cash equivalents at beginning of period 49,801 37,635
Cash and cash equivalents at end of period 35,136 23,236
Supplemental disclosures:    
Cash paid for income taxes, net 2,122 1,929
Cash paid for interest and fees 527 2,812
Noncash investing and financing activities:    
Issuance of treasury stock for compensatory stock awards released from restriction 0 3,300
Accrued capital expenditures at period-end $ 793 $ 656