XML 86 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
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 $ 25,085 $ 17,478
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of fixed and intangible assets 7,461 7,046
Amortization of other long term assets 1,802 1,574
Amortization of discounted liabilities 86 396
Stock-based compensation 1,747 1,031
Tax benefit from exercise of stock options (57) (160)
Changes in assets and liabilities associated with operations:    
Decrease (increase) in net receivables 8,513 (3,862)
Increase in inventories (39,199) (8,854)
Increase in prepaid expenses and other assets (9,837) (2,555)
(Decrease) increase in income tax receivable/payable, net (1,404) 393
(Decrease) increase in accounts payable (8,532) 668
Decrease in deferred revenue (20,149) (7,370)
Increase in other payables and accrued expenses 54,529 30,883
Net cash provided by operating activities 20,045 36,668
Cash flows from investing activities:    
Capital expenditures (8,360) (13,061)
Investment (3,687)  
Net cash used in investing activities (12,047) (13,061)
Cash flows from financing activities:    
Net borrowings under line of credit agreement 40,750  
Payments on long-term debt (46,000) (4,000)
Payments on other long-term liabilities (1,238)  
Tax benefit from exercise of stock options 57 160
Decrease in other notes payable (6,154) (6,827)
Payment of cash dividends (1,976) (1,380)
Proceeds from the issuance of common stock (sale of stock under ESPP and exercise of stock option) 527 1,285
Net cash used in by financing activities (14,034) (10,762)
Net (decrease) increase in cash (6,036) 12,845
Cash and cash equivalents at beginning of year 38,476 35,085
Effect of exchange rate changes on cash (26) 118
Cash and cash equivalents as of June 30 $ 32,414 $ 48,048