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, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,766 $ 20,884
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for doubtful accounts 322 39
Depreciation and amortization 3,279 3,028
Share-based compensation expense 2,599 2,001
(Gain) loss on sale of property and equipment (127) 23
Deferred income taxes 52 (307)
Amortization of bond discount 1 3
Purchase of trading investment securities (62) (60)
Proceeds from sale of trading investment securities 308 268
Realized and unrealized gains on investments (78) (63)
Foreign exchange (gains) losses (1,057) 856
Changes in assets and liabilities:    
Accounts receivable (1,781) (429)
Inventories (678) (1,926)
Prepaid expenses and other current assets (1,083) (1,021)
Other assets (97) (148)
Accounts payable 878 (361)
Accrued volume incentives 2,047 386
Accrued liabilities 1,284 (1,264)
Deferred revenue (491) 403
Income taxes payable 199 (4,222)
Liability related to unrecognized tax benefits 915 (654)
Deferred compensation payable (167) (112)
Net cash provided by operating activities 22,029 17,324
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (4,590) (5,617)
Proceeds from sale of property, plant and equipment 233 25
Proceeds from maturity and sale of investments available for sale 100 3,689
Purchase of investments available for sale (278) (197)
Net cash used in investing activities (4,535) (2,100)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on revolving credit facility 10,000  
Principal payments of long-term debt (2,509) (2,465)
Dividends paid (28,797) (1,560)
Proceeds from the exercise of stock options 4,300 1,982
Repurchase of common stock (1,945)  
Net cash used in financing activities (18,951) (2,043)
Effect of exchange rates on cash and cash equivalents (1,161) 393
Net increase (decrease) in cash and cash equivalents (2,618) 13,574
Cash and cash equivalents at the beginning of the period 79,241 58,969
Cash and cash equivalents at the end of the period 76,623 72,543
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 7,068 12,694
Cash paid for interest $ 95 $ 97