| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||
Net income | ||||||||||
88,181 | 53,158 | 23,511 | 56,341 | 46,421 | 53,200 | 74,034 | 34,304 | 34,509 | 23,094 | 16,992 |
Adjustments to reconcile net income to net cash from operating activities: | ||||||||||
Depreciation | ||||||||||
12,087 | 11,227 | 11,645 | 10,819 | 10,187 | 8,981 | 10,316 | 10,454 | 9,098 | 7,564 | 7,517 |
Amortization of deferred financing costs | ||||||||||
144 | 144 | 145 | 144 | 0 | 0 | - | - | - | - | - |
Benefit for deferred income taxes | ||||||||||
-5,145 | -1,253 | -13,657 | -5,271 | -3,721 | 5,388 | -1,972 | 1,827 | 2,846 | 3,429 | 1,025 |
Change in fair value of equity securities | ||||||||||
6,281 | -13,238 | - | - | - | - | - | - | - | - | - |
Change in fair value of derivative instruments | ||||||||||
30 | 2,130 | -2,170 | -3,621 | 3,295 | 396 | 617 | 1,506 | -617 | 93 | -1,236 |
Other than temporary impairment of marketable securities | ||||||||||
- | - | 814 | 2,184 | 606 | 0 | 336 | - | 2,710 | - | - |
Impairment of fixed assets | ||||||||||
- | - | - | 178 | 0 | 247 | 18,102 | - | 466 | - | - |
Loss on the sale of investments | ||||||||||
-1,662 | 1,227 | 127 | 843 | 713 | 4,335 | 1,982 | 3,927 | 590 | 1,184 | 15 |
Stock based compensation | ||||||||||
21 | 357 | 998 | 1,908 | 2,043 | 1,440 | - | 281 | 502 | 0 | 873 |
Loss on disposal of property and equipment | ||||||||||
11 | -41 | -195 | -147 | -178 | -108 | -261 | -63 | -262 | -318 | 240 |
Noncash interest expense | ||||||||||
29 | 28 | 27 | 27 | 26 | 25 | 24 | 24 | 21 | 22 | 22 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
93,970 | -5,679 | -2,386 | -21,960 | -3,816 | 21,515 | 5,838 | -12,772 | 389 | -13,406 | -1,711 |
Accounts receivable – related parties | ||||||||||
2,758 | 1,679 | -220 | 375 | -1,163 | -3,456 | 4,629 | -123 | 123 | - | - |
Inventory | ||||||||||
-1,723 | -4,458 | -8,339 | -12,864 | 19,604 | 3,189 | 172 | -15,447 | 20,067 | -10,929 | 1,141 |
Income tax receivable | ||||||||||
1,204 | -79 | -13,571 | 6,394 | -5,602 | 4,984 | 14,732 | - | -519 | 393 | -120 |
Prepaid expenses | ||||||||||
165 | 107 | -34 | 52 | -28 | -173 | 248 | 135 | 220 | 56 | -3 |
Prepaid expenses – related parties | ||||||||||
- | - | - | -23 | 35 | 0 | -32 | 32 | - | 23 | -23 |
Accrued interest on marketable securities | ||||||||||
33 | 25 | -16 | 110 | -30 | -99 | 79 | 109 | 123 | 32 | 5 |
Other assets | ||||||||||
-239 | 317 | 9 | 556 | 668 | -65 | 266 | 249 | -633 | 338 | -19 |
Accounts payable | ||||||||||
41,453 | 1,243 | -4,403 | -11,643 | 4,056 | 15,459 | 2,338 | -6,076 | 4,037 | 360 | 937 |
Accounts payable - related parties | ||||||||||
-434 | 506 | -71 | 1,010 | -2,668 | 2,055 | -3,030 | 864 | 2,555 | -88 | 134 |
Income taxes payable | ||||||||||
- | - | - | - | - | - | -620 | -503 | 1,123 | - | - |
Accrued expenses and other current liabilities | ||||||||||
1,087 | 274 | 60 | -645 | -1,673 | -3,153 | 4,209 | 368 | -116 | 509 | 581 |
Accrued expenses and other current liabilities – related parties | ||||||||||
64 | - | -142 | 142 | -46 | 43 | 3 | -43 | 35 | -60 | 47 |
Deferred revenue | ||||||||||
1,628 | -1,258 | -4,215 | 3,734 | 721 | -2,524 | -14,734 | 941 | 12,124 | 7,958 | -646 |
Other noncurrent liabilities | ||||||||||
-3,649 | 3,177 | -2,160 | 1,762 | -2,831 | 1,309 | 1,718 | - | - | -497 | 112 |
Net cash provided by (used in) operating activities | ||||||||||
34,638 | 85,613 | 39,347 | 90,975 | 39,623 | 51,952 | 62,454 | 64,888 | 50,429 | 17,839 | 25,883 |
Restricted cash | ||||||||||
- | - | - | - | - | - | - | - | -21,086 | 21,086 | - |
Collateralization of derivative instruments | ||||||||||
111 | -1,680 | 1,901 | 535 | -1,239 | 985 | -1,374 | -2,510 | 2,133 | -326 | -5,270 |
Purchase of marketable securities | ||||||||||
20,131 | 19,664 | 30,959 | 60,664 | 39,136 | 41,369 | 49,348 | 58,745 | 87,320 | 50,151 | 23,964 |
Proceeds from the sale of marketable securities | ||||||||||
31,419 | 48,235 | 23,254 | 30,487 | 48,546 | 57,098 | 41,198 | 33,637 | 40,196 | 47,012 | 35,972 |
Net sales of auction rate securities | ||||||||||
- | - | - | - | - | - | - | - | - | - | -12,185 |
Sales of auction rate securities | ||||||||||
- | - | - | - | - | - | 1,150 | -1,150 | - | 2,800 | 15,424 |
Proceeds from the sale of property and equipment | ||||||||||
13 | 22 | 4 | - | 6 | 81 | 57 | 247 | 12 | 3 | 17 |
Expenditures for intangible assets | ||||||||||
- | - | - | - | 1,408 | 0 | - | - | - | - | - |
Contingent purchase price payment | ||||||||||
- | - | - | - | - | - | - | - | - | - | 312 |
Capital expenditures | ||||||||||
6,971 | 4,867 | 3,581 | 4,495 | 7,222 | 8,117 | 18,542 | 9,112 | 23,208 | 9,671 | 23,162 |
Net cash provided by (used in) investing activities | ||||||||||
4,219 | 25,406 | -13,183 | -35,207 | 2,025 | 6,708 | -24,111 | -32,613 | -51,367 | -30,767 | 21,430 |
Minimum tax withholding on stock options exercised and awards vested | ||||||||||
- | 176 | 121 | 128 | 120 | 175 | 45 | 255 | - | - | - |
Excess tax benefits associated with stock options and awards | ||||||||||
- | - | - | -137 | -344 | 59 | 40 | 361 | 8 | - | - |
Excess tax benefits associated with stock awards and options | ||||||||||
- | - | - | -137 | -344 | - | 40 | - | - | - | - |
Deferred financing costs | ||||||||||
- | - | - | - | 721 | 0 | - | - | - | - | - |
Proceeds from issuance of stock | ||||||||||
- | - | - | 213 | 0 | 0 | 19,292 | 3,149 | 15,872 | 70,736 | - |
Purchase of warrants | ||||||||||
- | - | - | - | - | - | - | - | - | 1,210 | 799 |
Payment of dividends | ||||||||||
10,498 | 10,498 | 110,688 | 10,493 | 10,493 | 20,928 | 29,904 | 66,538 | 16,254 | 31,053 | 8,457 |
Net cash used in financing activities | ||||||||||
-10,498 | -10,674 | -110,809 | -10,545 | -11,678 | -21,044 | -10,617 | -63,283 | -374 | 38,473 | -9,256 |
Net change in cash and cash equivalents | ||||||||||
28,359 | 100,345 | -84,645 | 45,223 | 29,970 | 37,616 | 27,726 | -31,008 | -1,312 | 25,545 | 38,057 |
Cash paid for interest | ||||||||||
- | - | - | - | 0 | 0 | 23 | 3 | 5 | 2 | 8 |
Cash paid for income taxes | ||||||||||
2,372 | 9,182 | 55 | 987 | 13,381 | 12,372 | 38,890 | 19,252 | 13,773 | 8,081 | 7,677 |
Noncash investing and financing activities: | ||||||||||
Noncash capital expenditures | ||||||||||
207 | 420 | - | 471 | 0 | 0 | - | - | 2,059 | 3,859 | - |
Noncash operating leases | ||||||||||
432 | - | - | - | - | - | - | - | - | - | - |