| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income (loss) | |||||||||||
-52,982 | -19,342 | 23,840 | 35,229 | 18,646 | 44,620 | 45,794 | 47,263 | 138,577 | 113,989 | 74,221 | 78,581 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
17,771 | 15,891 | 15,692 | 14,407 | 14,245 | 14,845 | 14,628 | 14,079 | 11,499 | 10,545 | 10,084 | 9,891 |
Asset impairments | |||||||||||
3,900 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Amortization of net premium on available-for-sale investments | |||||||||||
100 | 50 | -425 | -643 | 2,402 | 4,360 | 5,956 | 8,257 | 6,617 | 4,380 | 3,686 | 2,101 |
Net (gain) loss on long-term investments | |||||||||||
11,434 | -4,050 | 4,685 | 5,923 | 10,337 | 7,278 | 8,614 | 9,550 | 12,454 | 11,008 | -1,297 | -2,409 |
Net (gain) loss on disposal of property, plant and equipment | |||||||||||
-67 | -67 | 145 | -22 | -644 | -142 | -3 | 214 | -6 | -2 | 31 | -83 |
Gain on bargain purchase of a business | |||||||||||
- | 11,322 | - | 3,542 | - | - | - | 1,753 | - | - | - | - |
Gain on contingency payment | |||||||||||
1,230 | - | - | - | - | - | - | - | - | - | - | - |
Gain on life insurance proceeds | |||||||||||
1,000 | - | - | - | - | - | - | - | - | - | - | - |
Stock-based compensation expense | |||||||||||
6,962 | 7,155 | 7,433 | 6,695 | 6,712 | 8,563 | 9,073 | 9,264 | 9,169 | 7,717 | 6,987 | 7,338 |
Deferred income taxes | |||||||||||
30,070 | -17,257 | 14,073 | -2,685 | -692 | -5,526 | -4,058 | -3,785 | 575 | -1,324 | -1,024 | -903 |
Tax impact of stock option exercises | |||||||||||
- | - | - | - | 40 | -81 | -169 | 1,905 | 10,525 | 4,909 | 1,549 | 981 |
Excess tax benefits from stock-based compensation arrangements | |||||||||||
- | - | - | - | - | 63 | 158 | 1,456 | 9,373 | 4,404 | 998 | 619 |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable, net | |||||||||||
-8,282 | -49,200 | 49,103 | 21,302 | -14,918 | 3,910 | 6,742 | 2,847 | 4,939 | 2,849 | 15,143 | -17,918 |
Other receivables | |||||||||||
-20,046 | 8,522 | 10,222 | -4,101 | -11,704 | 19,298 | 348 | -2,977 | 5,781 | -135 | 1,195 | -189 |
Income tax receivable, net | |||||||||||
- | - | - | - | - | - | - | - | -2,741 | 2,741 | - | - |
Inventory, net | |||||||||||
-1,252 | -24,192 | 15,518 | 10,887 | 6,877 | -2,144 | -9,502 | -8,333 | 12,734 | 28,600 | -1,732 | -1,140 |
Prepaid expenses and other assets | |||||||||||
-2,749 | -10,727 | 4,830 | 7,108 | 5,070 | 3,818 | -752 | 1,045 | -522 | 574 | 489 | 549 |
Accounts payable, net | |||||||||||
-13,494 | -3,799 | -17,742 | 26,722 | -5,826 | 9,973 | 5,206 | 7,510 | 6,044 | -2,997 | 5,442 | -1,887 |
Accrued expenses and other liabilities | |||||||||||
-4,598 | -3,226 | -5,455 | 8,792 | -10,289 | -166 | -15,146 | 8,895 | 6,309 | 8,626 | 1,010 | 93 |
Income taxes payable | |||||||||||
-8,705 | 7,690 | 3,858 | -3,162 | -11,590 | 11,168 | 3,747 | -1,960 | 3,169 | -3,017 | 3,027 | -951 |
Net cash provided by (used in) operating activities | |||||||||||
-2,472 | 55,454 | -42,379 | 42,002 | 18,550 | 55,837 | 59,764 | 85,873 | 150,472 | 92,789 | 90,155 | 115,815 |
Cash flows from investing activities: | |||||||||||
Purchases of property, plant and equipment | |||||||||||
9,494 | 8,110 | 14,720 | 21,441 | 11,753 | 11,256 | 8,173 | 12,320 | 11,778 | 9,872 | 8,740 | 9,492 |
Proceeds from disposals of property, plant and equipment | |||||||||||
- | - | 151 | - | 183 | 1 | - | 266 | - | - | - | - |
Proceeds from sales and maturities of debt and equity investments | |||||||||||
47,268 | 153,649 | 173,752 | 225,075 | 280,435 | 230,019 | 343,567 | 282,039 | 466,243 | 275,442 | 186,193 | 248,688 |
Purchases of debt and equity investments | |||||||||||
48,578 | 123,209 | 93,141 | 209,172 | 188,921 | 142,695 | 261,625 | 282,740 | 554,629 | 340,489 | 262,067 | 242,791 |
Life insurance proceeds received | |||||||||||
1,000 | - | - | - | - | - | - | - | - | - | - | - |
Acquisition of business, net of cash acquired | |||||||||||
-13 | 22,045 | - | 943 | - | - | - | 7,496 | 22,661 | - | 1,370 | - |
Net cash provided by (used in) investing activities | |||||||||||
-9,791 | 285 | 66,042 | -6,481 | 79,944 | 76,069 | 73,769 | -5,259 | -122,825 | -74,919 | -85,984 | -3,595 |
Cash flows from financing activities: | |||||||||||
Proceeds from stock option exercises | |||||||||||
526 | 1,483 | 13,412 | 4,717 | 961 | 2,839 | 3,629 | 6,049 | 34,125 | 24,942 | 13,471 | 3,691 |
Purchases of treasury stock | |||||||||||
184 | 15,532 | 17,348 | 25,817 | 66,160 | 80,576 | 124,267 | 39,362 | 35,565 | 18,316 | 15,896 | 63,569 |
Dividend payments | |||||||||||
17,212 | 17,267 | 17,368 | 17,583 | 18,449 | 19,947 | 21,412 | 22,813 | 23,124 | 22,502 | 22,486 | 22,919 |
Repayment of bonds payable | |||||||||||
1,000 | 1,100 | 1,100 | 1,100 | 1,100 | 16,500 | - | 500 | 1,000 | 250 | 500 | 250 |
Excess tax benefits from stock-based compensation arrangements | |||||||||||
- | - | - | - | - | -63 | 158 | 1,456 | 9,373 | 4,404 | 998 | 619 |
Net cash used in financing activities | |||||||||||
-17,870 | -32,416 | -22,404 | -39,783 | -84,748 | -114,121 | -141,892 | -55,170 | -16,191 | -11,722 | -24,413 | -82,428 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
-30,133 | 23,323 | 1,259 | -4,262 | 13,746 | 17,785 | -8,359 | 25,444 | 11,456 | 6,148 | -20,242 | 29,792 |
Effect of exchange rate changes | |||||||||||
-1,598 | -4,252 | 5,279 | -393 | -2,635 | -2,644 | -1,800 | 34 | -154 | 1,394 | 2,468 | -1,824 |
Supplemental disclosure of cash flow information | |||||||||||
Cash paid during the year for interest | |||||||||||
512 | 534 | 555 | 575 | 598 | 758 | 2,325 | 2,348 | 2,396 | 2,411 | 2,435 | 2,447 |
Cash paid during the year for income taxes | |||||||||||
9,357 | 4,104 | 2,988 | 18,689 | 20,139 | 9,856 | 15,431 | 31,021 | 51,402 | 57,662 | 30,869 | 42,267 |
Supplemental disclosure of non-cash investing activities: | |||||||||||
Purchases of property, plant and equipment included in accounts payable | |||||||||||
90 | 62 | 408 | 2,103 | 598 | 467 | 444 | 108 | 353 | - | - | - |
Contingent payment | |||||||||||
- | 1,230 | - | - | - | - | - | - | - | - | - | - |