XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows provided by operating activities    
Net income $ 32,206 $ 15,586
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,384 5,178
Provision for (benefit from) deferred income taxes (759) (1,495)
Change in fair value of derivative instruments 723 745
Gain on the sale of investments (2,089) (198)
Impairment of fixed assets 382  
Loss on disposals of fixed assets   107
Stock based compensation   259
Noncash interest expense 12 12
Changes in operating assets and liabilities:    
Accounts receivable (1,844) 9,103
Accounts receivable – related parties (4,399) 3
Inventory (8,634) 14,082
Prepaid expenses 697 579
Accrued interest on marketable securities (200)  
Other assets (291) (3)
Accounts payable 5,452 (735)
Accounts payable – related parties (437) (2,677)
Income taxes payable 1,756 723
Accrued expenses and other current liabilities 2,914 2,047
Accrued expenses and other current liabilities – related parties 100 (26)
Deferred revenue (1,445) 100
Net cash provided by operating activities 29,528 43,390
Cash flows from investing activities    
Collateralization of derivative instruments (2,189) 1,606
Purchase of marketable securities (21,291) (24,892)
Proceeds from the sale of marketable securities 18,335 14,371
Proceeds from the sale of fixed assets   63
Capital expenditures (5,733) (4,068)
Net cash used in investing activities (10,878) (12,920)
Cash flows from financing activities    
Proceeds from the issuance of stock 19,292 72
Excess tax benefits associated with stock options   8
Payment of dividends (9,534) (8,264)
Net cash provided by/(used in) financing activities 9,758 (8,184)
Net change in cash and cash equivalents 28,408 22,286
Cash and cash equivalents at beginning of period 58,737 89,745
Cash and cash equivalents at end of period 87,145 112,031
Cash paid for interest 0 2
Cash paid for income taxes $ 13,387 $ 9,847