Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,236 $ 5,207
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for doubtful accounts (69) (54)
Depreciation and amortization 2,117 2,152
Share-based compensation expense 1,144 218
Loss on sale of property and equipment 13 2
Deferred income taxes (419) (62)
Loss on restricted cash   497
Amortization of bond discount 10 11
Purchase of trading investment securities (38) (116)
Proceeds from sale of trading investment securities 226 60
Realized and unrealized (gains) losses on investments (56) 59
Amortization of prepaid taxes related to gain on intercompany sales   542
Foreign exchange losses (gains) 1,237 (2,280)
Changes in assets and liabilities:    
Accounts receivable (2,860) (4)
Inventories (1,577) 2,010
Prepaid expenses and other current assets 49 (345)
Other assets (691) (76)
Accounts payable 326 710
Accrued volume incentives 1,101 1,369
Accrued liabilities 2,907 647
Deferred revenue (568) (834)
Income taxes payable 1,405 (2,429)
Liability related to unrecognized tax benefits (510) (1,986)
Deferred compensation payable (142) 83
Net cash provided by operating activities 15,841 5,381
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (694) (1,286)
Proceeds from sale of investments available for sale 2,382  
Purchase of investments available for sale (2,849)  
Net cash used in investing activities (1,161) (1,286)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the exercise of stock options 295 27
Net cash provided by financing activities 295 27
Effect of exchange rates on cash and cash equivalents 419 350
Net increase in cash and cash equivalents 15,394 4,472
Cash and cash equivalents at the beginning of the period 47,604 35,538
Cash and cash equivalents at end of the period 62,998 40,010
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes $ 2,688 $ 3,506