Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.4.1.9
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 27,919us-gaap_ProfitLoss $ 23,676us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,936us-gaap_DepreciationDepletionAndAmortization 10,252us-gaap_DepreciationDepletionAndAmortization
Loss on disposal of property, plant, and equipment 395us-gaap_GainLossOnSaleOfPropertyPlantEquipment 185us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Deferred income taxes 7,319us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 4,399us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Stock-based compensation 2,946us-gaap_ShareBasedCompensation 2,577us-gaap_ShareBasedCompensation
Excess tax benefit from employee stock plans (5,213)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (2,557)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Changes in operating assets and liabilities:    
Accounts receivable 85,527us-gaap_IncreaseDecreaseInAccountsReceivable 57,763us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 14,680us-gaap_IncreaseDecreaseInInventories 39,031us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (8,929)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,921)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets (807)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 382us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Accounts payable (62,251)us-gaap_IncreaseDecreaseInAccountsPayable (64,759)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued liabilities (38,933)us-gaap_IncreaseDecreaseInAccruedLiabilities (25,758)us-gaap_IncreaseDecreaseInAccruedLiabilities
Income taxes payable (8,675)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (621)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Other liabilities 793us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 847us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by (used in) operating activities 28,707us-gaap_NetCashProvidedByUsedInOperatingActivities 43,496us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of short-term investments (27,556)us-gaap_PaymentsToAcquireShortTermInvestments (2,788)us-gaap_PaymentsToAcquireShortTermInvestments
Sales of short-term investments 1,760us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments 55,200us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
Capital expenditures (15,467)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (17,763)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property, plant, and equipment 69us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 16us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash provided by (used in) investing activities (41,194)us-gaap_NetCashProvidedByUsedInInvestingActivities 34,665us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from credit facilities 60us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit
Repayments on credit facilities (60)us-gaap_RepaymentsOfLinesOfCredit 0us-gaap_RepaymentsOfLinesOfCredit
Proceeds from issuance of common stock under employee stock plans 11,101us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 11,168us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Tax payments related to restricted stock unit issuances (4,440)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (2,791)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Excess tax benefit from employee stock plans 5,213us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 2,557us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from note payable to related party 0us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt 16,072us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt
Cash dividends paid (10,557)us-gaap_PaymentsOfDividendsCommonStock (9,762)us-gaap_PaymentsOfDividendsCommonStock
Net cash provided by (used in) financing activities 1,317us-gaap_NetCashProvidedByUsedInFinancingActivities 17,244us-gaap_NetCashProvidedByUsedInFinancingActivities
Net effect of exchange rate changes on cash (784)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (4,856)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents (11,954)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 90,549us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 413,558us-gaap_CashAndCashEquivalentsAtCarryingValue 437,489us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 401,604us-gaap_CashAndCashEquivalentsAtCarryingValue 528,038us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 15,672us-gaap_IncomeTaxesPaid 8,002us-gaap_IncomeTaxesPaid
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 2,742us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 1,260us-gaap_CapitalExpendituresIncurredButNotYetPaid