| 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 | |||||||||
45,096 | 32,909 | 36,952 | 17,956 | -4,640 | 3,458 | 43,865 | 25,226 | 27,015 | -29,628 |
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | |||||||||
Amortization of convertible note discount and issuance costs | |||||||||
- | - | 2,154 | 3,766 | 3,385 | 3,044 | 2,736 | 1,129 | 0 | 0 |
Amortization of intangibles | |||||||||
1,534 | 1,940 | 2,320 | 2,145 | 2,427 | 2,786 | 2,212 | 2,113 | 2,069 | 1,895 |
Depreciation | |||||||||
4,848 | 3,990 | 3,677 | 3,951 | 4,686 | 4,150 | 3,680 | 4,210 | 3,706 | 6,751 |
Foreign currency exchange (gain) loss | |||||||||
-255 | -457 | -592 | -293 | 65 | -8 | 482 | -846 | 255 | -937 |
Gain on disposal of property, plant and equipment | |||||||||
- | - | 946 | 0 | 0 | - | - | - | - | - |
Change in fair value of contingent consideration | |||||||||
-1,010 | -133 | -170 | 630 | 120 | 138 | 0 | - | - | - |
Increase (Decrease) in Marketable Securities, Restricted | |||||||||
- | - | - | - | - | - | - | -1 | 0 | - |
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Net (gain) loss on sale of marketable securities | |||||||||
- | - | - | - | - | - | - | - | - | -1 |
Share-based compensation | |||||||||
6,062 | 5,670 | 4,775 | 7,603 | 6,242 | 4,106 | 4,001 | 4,802 | 5,439 | 3,759 |
Provision for doubtful accounts and inventory valuation | |||||||||
3,335 | 3,608 | 2,971 | 3,826 | 4,064 | 3,608 | 3,263 | 1,278 | -1,188 | 4,775 |
Deferred income taxes | |||||||||
2,163 | 17,207 | 5,011 | 3,980 | -3,937 | -1,510 | -20,814 | -9,018 | -152 | -217 |
Change in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-706 | -430 | 9,279 | 4,336 | 1,147 | 2,631 | -14,743 | 17,958 | -23,428 | 12,956 |
Income taxes | |||||||||
-1,056 | 4,727 | 3,021 | -2,626 | 1,196 | -4,605 | 3,547 | -529 | 2,300 | -969 |
Inventories | |||||||||
31,545 | 4,218 | -4,003 | 12,529 | -9,393 | -6,758 | -6,701 | -35 | -5,577 | -6,922 |
Prepaid expenses and other assets | |||||||||
3,101 | 1,686 | -2,038 | -953 | -4,690 | 1,383 | -1,365 | -4,389 | -113 | -352 |
Accounts payable | |||||||||
3,512 | 3,198 | 1,169 | 2,254 | 3,758 | -912 | -2,735 | -3,427 | 2,183 | 3,232 |
Deferred revenue | |||||||||
545 | -1,122 | 896 | -1,535 | 363 | -1,655 | 3,648 | -1,330 | 948 | 1,619 |
Increase (Decrease) in Accrued Liabilities | |||||||||
- | - | - | - | - | - | - | - | 2,671 | -1,227 |
Other liabilities | |||||||||
-382 | 6,382 | -6,057 | 3,486 | -503 | -3,772 | 991 | 8,303 | - | - |
Increase (Decrease) in Other Current Liabilities | |||||||||
- | - | - | - | - | - | - | - | 802 | -1,252 |
Increase (Decrease) in Other Noncurrent Liabilities | |||||||||
- | - | - | - | - | - | - | - | -608 | - |
Non-current liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 2,009 |
Net cash and cash equivalents provided by operating activities | |||||||||
35,094 | 64,171 | 47,425 | 33,809 | 4,290 | 6,084 | 22,067 | 45,444 | 16,322 | -12,059 |
Cash flows from investing activities: | |||||||||
Purchases of marketable securities | |||||||||
140,018 | 164,661 | 146,865 | 237,127 | 243,656 | 119,068 | 96,309 | 81,004 | 7,823 | 12,161 |
Proceeds from sales of marketable securities | |||||||||
186,332 | 143,349 | 175,460 | 234,105 | 217,212 | 97,289 | 102,384 | 11,418 | 10,261 | 19,446 |
Cash advanced on convertible note receivable | |||||||||
5,000 | - | - | - | - | - | - | - | - | - |
Purchases of property, plant and equipment | |||||||||
7,542 | 10,210 | 3,291 | 3,359 | 2,084 | 4,880 | 2,429 | 1,622 | 4,363 | 587 |
Purchase of intangible assets | |||||||||
- | 1,000 | 2,000 | 2,696 | 0 | 0 | - | - | - | - |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||
- | - | - | - | 0 | 3,365 | 18,580 | 0 | 849 | 5,011 |
Proceeds from sale of property, plant & equipment | |||||||||
- | - | 1,165 | 0 | - | - | - | - | - | - |
Net cash and cash equivalents provided by investing activities | |||||||||
33,772 | -32,522 | 24,469 | -9,077 | -28,528 | -30,024 | -14,934 | -71,208 | -2,774 | 1,687 |
Payment of senior convertible debt | |||||||||
- | - | 60,000 | 0 | - | - | - | - | - | - |
Debt Instrument, Redemption | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Redemption of stock warrants | |||||||||
- | 1,025 | 9,500 | 0 | - | - | - | - | - | - |
Proceeds from Warrant Exercises | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Purchase of common stock | |||||||||
21,069 | - | 8,044 | 20,668 | 12,845 | 0 | 0 | - | - | - |
Tax payments related to shares withheld for share-based compensation plans | |||||||||
1,921 | 1,358 | 1,587 | 1,916 | 0 | 0 | - | - | - | - |
Payment of contingent consideration for acquired business | |||||||||
1,543 | 792 | 622 | 731 | - | - | - | - | - | - |
Proceeds from Convertible Debt | |||||||||
- | - | - | - | - | - | - | 57,749 | 0 | 0 |
Proceeds from Issuance of Warrants | |||||||||
- | - | - | - | - | - | - | 7,007 | 0 | 0 |
Payments for (Proceeds from) Derivative Instrument, Financing Activities | |||||||||
- | - | - | - | - | - | - | 14,507 | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | |||||||||
- | - | - | - | -264 | -224 | 0 | 0 | - | - |
Issuance of shares through share-based compensation plans | |||||||||
624 | 623 | 850 | 330 | 362 | 1,012 | 257 | 257 | 289 | 217 |
Excess Tax Benefit (Tax Deficiency) from Share-based Compensation, Financing Activities | |||||||||
- | - | - | - | 63 | 648 | 211 | 528 | 242 | 0 |
Net cash and cash equivalents used in financing activities | |||||||||
-23,909 | -2,552 | -78,903 | -22,985 | -12,684 | 1,436 | 468 | 51,034 | 531 | 217 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-339 | 814 | 314 | -307 | -754 | -959 | -19 | 281 | -798 | 259 |
Net decrease in cash and cash equivalents | |||||||||
44,618 | 29,911 | -6,695 | 1,440 | -37,676 | -23,463 | 7,582 | 25,551 | 13,281 | -9,896 |
Supplemental disclosure of cash flow information: | |||||||||
Income taxes (refunded) paid | |||||||||
4,301 | 14,605 | 10,980 | 2,013 | 1,067 | 5,492 | 2,402 | 2,454 | 916 | -3,062 |
Interest paid | |||||||||
- | - | 2,250 | 2,250 | 2,250 | 2,250 | 2,188 | 0 | 0 | - |
Litigation settlement received | |||||||||
- | 13,000 | 14,643 | 0 | - | - | - | - | - | - |
Non-cash financing and investing activities: | |||||||||
Payments for Legal Settlements | |||||||||
- | - | - | - | 10,613 | 0 | 0 | - | - | - |
Purchase of intangible assets | |||||||||
- | - | - | 3,000 | 0 | 0 | - | - | - | - |