XML 29 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 11,687,000 $ 13,006,000
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 5,077,000 5,221,000
Realized gain on investment securities, net (233,000) (198,000)
Share-based compensation 1,407,000 1,151,000
Deferred income taxes (1,030,000) (552,000)
(Gain)/loss on disposal of fixed assets (32,000) 61,000
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable (447,000) 183,000
Inventory 480,000 4,823,000
Prepaid expenses and other current assets 539,000 314,000
Other assets (55,000) 708,000
Accounts payable and accrued expenses (1,571,000) 2,461,000
Income taxes 476,000 539,000
Net cash provided by operating activities 16,298,000 27,717,000
Cash Flow from Investing Activities:    
Sale of investment securities 6,426,000 5,909,000
Purchase of investment securities (11,016,000) (20,187,000)
Sale of property and equipment 1,215,000 0
Purchase of property and equipment (3,004,000) (5,577,000)
Net cash used in investing activities (6,379,000) (19,855,000)
Cash Flow from Financing Activities:    
Repayment of long-term debt and capital leases (110,000) (3,504,000)
Decrease in note receivable 15,000 12,000
Excess tax benefits from share-based compensation 39,000 98,000
Purchase of treasury stock (14,226,000) 0
Net cash used in financing activities (14,282,000) (3,394,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,363,000) 4,468,000
Cash and cash equivalents - beginning of the period 36,382,000 39,937,000
Cash and cash equivalents - end of period 32,019,000 44,405,000
Supplemental disclosure of cash flow information:    
Interest paid 93,000 38,000
Income taxes paid $ 6,499,000 $ 6,418,000