| 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: | |||||||||
Loss on discontinued operation | |||||||||
- | - | - | - | - | - | - | - | -242 | -4,083 |
Net income | |||||||||
58,593 | 57,872 | 35,469 | 26,143 | 19,311 | 7,370 | -2,805 | 12,261 | 33,637 | 28,790 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
15,875 | 15,082 | 13,736 | 9,158 | 7,849 | 8,896 | 10,724 | 12,068 | 11,773 | 11,177 |
Charge to vacate a facility | |||||||||
- | - | - | - | - | - | 1,980 | 0 | 0 | - |
Loss on disposal of fixed assets | |||||||||
0 | 0 | -104 | -17 | -35 | -145 | -8 | 62 | -120 | - |
Share–based compensation expense | |||||||||
10,304 | 10,923 | 6,970 | 5,468 | 5,651 | 5,832 | 9,912 | 9,758 | 10,951 | 9,382 |
Loss (gain) on disposal of fixed assets | |||||||||
- | - | - | - | - | - | - | - | - | -113 |
Deferred income tax expense | |||||||||
869 | 3,775 | 448 | -728 | -248 | -1,560 | -4,125 | -384 | 4,118 | -2,531 |
Other charges | |||||||||
-42 | -34 | -2 | -67 | -22 | - | - | - | - | - |
Other non-cash charges | |||||||||
- | - | - | - | - | 48 | 179 | 41 | 0 | - |
Impairment of supplier advance | |||||||||
- | - | - | - | - | - | 2,100 | 0 | 0 | - |
Write-off of debt issuance costs | |||||||||
- | - | - | - | - | - | 1,079 | 0 | 0 | - |
Changes in operating assets and liabilities: | |||||||||
Equity and impairment loss | |||||||||
- | - | - | - | - | - | - | - | - | -4,000 |
Realized loss on sales of marketable securities | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Receivables | |||||||||
-1,231 | 311 | -825 | 6,179 | 4,468 | -749 | -2,711 | 1,942 | -3,682 | -4,308 |
Inventories | |||||||||
3,489 | 5,762 | 7,974 | 3,631 | 811 | 2,451 | -7,877 | 2,767 | -23,265 | 929 |
Prepaid expenses and other assets | |||||||||
286 | 1,895 | -76 | - | - | - | - | - | - | - |
Supplier advances | |||||||||
- | - | - | - | - | - | - | - | 15,240 | 0 |
Other assets | |||||||||
- | - | - | 2,972 | 932 | -1,192 | -2,466 | -15,313 | 1,086 | 2,499 |
Accounts payable | |||||||||
1,609 | 1,916 | -5,356 | 4,336 | 4,688 | 6,018 | -9,213 | 6,777 | -6,766 | 1,221 |
Accrued payroll and related benefits | |||||||||
-10,249 | 4,878 | 2,795 | 1,006 | -173 | 5,397 | 647 | -4,195 | 3,784 | -1,029 |
Deferred revenue | |||||||||
1,753 | 509 | 1,864 | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
- | - | - | 1,194 | 196 | 885 | 427 | -1,572 | 778 | -1,125 |
Income taxes | |||||||||
3,429 | -6,643 | 1,297 | -1,873 | 3,051 | 2,316 | -764 | 2,144 | -2,525 | 2,475 |
Other accrued expenses and liabilities | |||||||||
231 | -631 | 342 | -834 | -1,364 | 549 | -413 | -111 | 200 | -824 |
Net cash provided by operating activities | |||||||||
- | - | - | 31,172 | 32,807 | 35,386 | - | - | 66,933 | 56,612 |
Net cash used in operating activities of discontinued operation | |||||||||
- | - | - | - | - | - | - | - | -316 | 852 |
Net cash provided by operating activities | |||||||||
79,912 | 79,747 | 50,598 | - | - | - | 22,790 | 47,329 | 66,617 | 57,464 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Purchases of short term investments | |||||||||
26,652 | 38,479 | 19,127 | 16,811 | 8,225 | 24,513 | 10,549 | 10,067 | 540 | 30,344 |
Proceeds from the sale and maturity of short term investments | |||||||||
15,245 | 14,571 | 4,537 | 24,030 | 8,121 | 11,137 | 17,382 | 20,897 | 10,000 | 0 |
Capital additions | |||||||||
11,481 | 13,408 | 14,756 | 12,986 | 8,265 | 7,614 | 9,601 | 8,041 | 19,594 | 8,184 |
Net cash provided by investing activities of discontinued operation | |||||||||
- | - | - | - | - | - | - | - | 112 | -168 |
Net cash used in investing activities | |||||||||
-22,888 | -37,316 | -29,346 | - | - | - | -2,768 | 2,911 | -10,000 | -38,571 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Proceeds from the sale of fixed assets | |||||||||
- | - | - | - | - | 28 | 0 | 122 | 22 | 125 |
Cash paid for acquisition of a business | |||||||||
- | - | - | 15,000 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | |||||||||
- | - | - | -20,767 | -8,369 | -20,962 | - | - | -10,112 | -38,403 |
Exercise of stock options | |||||||||
1,939 | 4,266 | 2,760 | 3,182 | 314 | 0 | 10 | 129 | 124 | 563 |
Employee tax withholdings related to the vesting of equity awards | |||||||||
4,920 | 4,545 | 2,657 | 2,610 | 1,476 | - | - | - | - | - |
Excess tax benefits from share-based compensation | |||||||||
0 | 0 | 2,938 | 3,122 | -58 | - | - | - | - | - |
Repurchase of common shares for treasury | |||||||||
26,304 | 3,485 | 0 | 0 | - | - | - | - | - | - |
Repurchase and retirement of common shares | |||||||||
0 | 2,285 | 0 | 0 | - | - | - | - | - | - |
Taxes related to equity compensation awards, net | |||||||||
- | - | - | - | - | 825 | 1,361 | 2,842 | 3,079 | 2,170 |
Repurchase and retirement of common stock | |||||||||
- | - | - | - | - | - | - | - | 74,997 | 1,939 |
Payment of dividends | |||||||||
30,152 | 21,351 | 20,861 | 20,504 | 20,370 | 20,013 | 19,872 | 19,318 | 20,662 | 21,421 |
Borrowings under credit facility | |||||||||
- | - | - | - | - | - | - | 30,000 | 30,000 | 0 |
Repayments of borrowings under credit facility | |||||||||
- | - | - | - | - | - | 30,000 | 30,000 | 0 | 0 |
Debt issuance costs | |||||||||
- | - | - | 24 | 0 | 0 | 207 | 991 | 0 | 0 |
Net cash used in financing activities | |||||||||
- | - | - | -16,834 | -21,590 | -20,838 | - | - | - | - |
Net cash used in financing activities | |||||||||
-59,437 | -27,400 | -17,820 | - | - | - | -51,430 | -23,022 | -68,614 | -24,967 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
- | - | - | - | - | - | - | - | 9 | -193 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | |||||||||
-2,413 | 15,031 | 3,432 | -6,429 | 2,848 | -6,414 | -31,408 | 27,218 | -11,988 | -6,267 |
LESS CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS, end of year | |||||||||
- | - | - | - | - | - | - | - | - | 166 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS, end of year | |||||||||
- | - | - | - | - | - | - | - | - | 32,198 |