| 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 | ||||||||||
76,070 | 69,715 | 55,253 | 43,248 | 38,969 | 37,345 | 50,966 | 176,890 | 42,949 | 35,675 | 30,158 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
8,729 | 11,031 | 11,914 | 15,341 | 9,078 | 10,166 | 11,110 | 15,554 | 13,073 | 9,188 | 10,963 |
Impairment of goodwill | ||||||||||
- | - | - | - | - | - | - | 1,811 | 837 | 0 | - |
Provision for doubtful accounts | ||||||||||
1,380 | 1,442 | 939 | 349 | 442 | 412 | 574 | 914 | 2,838 | -3,127 | -1,394 |
Lease expense | ||||||||||
1,068 | - | - | - | - | - | - | - | - | - | - |
Impairment of goodwill and trademark | ||||||||||
- | - | - | - | - | - | - | - | - | - | 2,213 |
Noncash share-based compensation | ||||||||||
3,394 | 2,205 | 2,093 | 1,198 | 787 | 856 | 838 | 832 | 1,060 | 895 | 947 |
Gain on sale of license | ||||||||||
- | - | - | 4,652 | 0 | 0 | - | - | - | - | - |
Gain on termination of license | ||||||||||
- | - | - | - | - | - | - | 198,838 | 0 | 0 | - |
Excess tax benefits from stock-based compensation arrangements | ||||||||||
- | - | - | - | 260 | 670 | 700 | 100 | 110 | 0 | - |
Deferred tax benefit | ||||||||||
-2,330 | -158 | -591 | -1,374 | 829 | -557 | 4,844 | -7,903 | -1,009 | -4,558 | -3,079 |
Change in fair value of derivatives | ||||||||||
-169 | -302 | -1,254 | -682 | -903 | -355 | 157 | 68 | 272 | 362 | 861 |
Changes in: | ||||||||||
Accounts receivable | ||||||||||
1,124 | -21,532 | -4,116 | 13,156 | 12,573 | 19,607 | -71,776 | -27,302 | 88,915 | 5,915 | -20,912 |
Inventories | ||||||||||
-5,925 | -29,341 | -28,518 | 909 | 4,354 | -4,344 | -29,240 | -13,568 | 60,494 | 29,110 | -40,628 |
Other assets | ||||||||||
-4,945 | -1,016 | -1,173 | 297 | 1,622 | -425 | -583 | 9,611 | -993 | -2,127 | 4,841 |
Accounts payable and accrued expenses | ||||||||||
-4,960 | 25,592 | 5,696 | 18,690 | 12,973 | -4,996 | -33,156 | -40,773 | 72,664 | 20,804 | -18,900 |
Income taxes, net | ||||||||||
3,016 | 5,405 | -4,352 | -4,556 | 4,912 | 8,540 | -86,724 | 81,063 | -7,335 | 5,974 | 5,106 |
Net cash used in operating activities | ||||||||||
76,452 | 63,041 | 35,891 | 54,564 | 50,084 | 36,613 | 49,194 | 60,641 | -23,721 | 37,845 | 84,640 |
Cash flows from investing activities: | ||||||||||
Purchases of short-term investments | ||||||||||
38,958 | 10,030 | 31,874 | 57,289 | 62,415 | 245,810 | 381,843 | 0 | 10,823 | 112,495 | - |
Proceeds from sale of short-term investments | ||||||||||
44,814 | 8,859 | 66,981 | 42,604 | 151,771 | 212,762 | 207,082 | 0 | 62,111 | 63,510 | - |
Proceeds from termination of license, net of transaction fees and other settlements | ||||||||||
- | - | - | - | - | - | - | 235,650 | 0 | 0 | - |
Purchases of equipment and leasehold improvements | ||||||||||
5,427 | 3,956 | 3,023 | 4,777 | 4,158 | 3,302 | 5,015 | 9,474 | 9,946 | 6,085 | 5,526 |
Payment for intangible assets acquired | ||||||||||
6,067 | 8,509 | 1,046 | 965 | 119,788 | 922 | 7,769 | 19,717 | 4,605 | 22,209 | 775 |
Proceeds from sale of equipment | ||||||||||
- | - | - | - | - | - | 2,801 | 0 | 0 | - | - |
Proceeds from sale of trademark | ||||||||||
- | - | 5,886 | - | 0 | - | 3,481 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||||||
-5,638 | -13,636 | 36,924 | -20,427 | -34,590 | -37,272 | -181,263 | 206,459 | 36,737 | -77,279 | -6,301 |
Cash flows from financing activities: | ||||||||||
Repayment of loans payable - banks | ||||||||||
- | - | - | - | - | 5,765 | 21,835 | - | - | - | - |
Proceeds from issuance of long-term debt | ||||||||||
- | - | - | - | 110,970 | 0 | 0 | - | - | - | - |
Repayment of long-term debt | ||||||||||
22,321 | 23,487 | 22,362 | 21,884 | 11,761 | 0 | 0 | 4,379 | 11,673 | 10,865 | 12,408 |
Purchase of treasury stock | ||||||||||
- | - | - | 77 | 32 | 90 | 98 | 90 | 0 | 106 | 660 |
Proceeds from (repayments of) loans payable - banks, net | ||||||||||
- | - | - | - | - | - | - | 15,300 | 7,230 | 254 | -9,005 |
Proceeds from exercise of options and warrants including tax benefits | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,648 |
Excess tax benefits from stock-based compensation arrangements | ||||||||||
- | - | - | - | 260 | 670 | 700 | 100 | 110 | 0 | - |
Proceeds from exercise of options | ||||||||||
4,458 | 3,406 | 1,963 | 1,579 | 653 | 953 | 1,668 | 1,305 | 983 | 3,009 | - |
Dividends paid | ||||||||||
34,579 | 26,287 | 21,192 | 18,015 | 15,806 | 14,841 | 28,331 | 9,780 | 9,304 | 6,918 | 3,974 |
Proceeds from sale of stock of subsidiary | ||||||||||
- | - | - | 1,565 | 1,327 | 1,030 | 657 | 3,396 | 2,756 | 5,326 | 2,658 |
Purchase of subsidiary shares from noncontrolling interest | ||||||||||
6,087 | 808 | - | 2,941 | 0 | 0 | - | - | 750 | 4,595 | - |
Dividends paid to minority interest | ||||||||||
9,654 | 8,706 | 6,039 | 4,863 | 3,836 | 4,667 | 8,341 | 3,333 | 3,149 | 2,048 | 1,716 |
Net cash used in financing activities | ||||||||||
-68,183 | -55,882 | -47,630 | -44,636 | 81,775 | -22,710 | -55,580 | 2,519 | -13,797 | -15,943 | -23,457 |
Effect of exchange rate changes on cash | ||||||||||
-3,350 | -8,730 | 21,330 | -4,640 | -10,440 | -12,143 | 5,964 | 1,860 | -911 | -7,542 | 3,181 |
Net decrease in cash and cash equivalents | ||||||||||
-719 | -15,207 | 46,515 | -15,139 | 86,829 | -35,512 | -181,685 | 271,479 | -1,692 | -62,919 | 58,063 |
Supplemental disclosure of cash flow information: | ||||||||||
Cash paid for: | ||||||||||
Interest | ||||||||||
1,764 | 1,745 | 1,813 | 2,239 | 2,400 | 1,508 | 1,524 | 1,799 | 1,972 | 2,297 | 2,633 |
Income taxes | ||||||||||
26,332 | 24,995 | 24,337 | 28,124 | 19,668 | 104,430 | 104,992 | 20,584 | 32,716 | 14,944 | 13,085 |