Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income $ 21,776 $ 13,749
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,567 9,554
Provision for losses on accounts receivable 561 446
Warranty reserve 1,420 818
Impairment of property and equipment 2,160 141
Share-based compensation 4,704 4,608
Excess tax benefit on the exercise of stock options (3,846) (637)
Changes in operating assets and liabilities:    
Accounts receivable 1,250 7,105
Inventories (469) (1,428)
Prepaid expenses and other assets 1,776 (281)
Accounts payable (2,624) (5,880)
Deferred income tax 4,981 (1,176)
Accrued liabilities and deferred revenue (7,071) (6,365)
Liabilities acquired in acquisitions   61
Net cash provided by operating activities 33,185 20,715
Investing activities:    
Acquisition of businesses, net of cash acquired (4,925) (18,600)
Purchases of property and equipment (3,736) (597)
Purchase of intangible assets (964) (1,815)
Net cash used in investing activities (9,625) (21,012)
Financing activities:    
Proceeds from stock option exercises and Employee Stock Purchase Program ("ESPP") purchases 10,515 5,097
Excess tax benefit on the exercise of stock options 3,846 637
Repurchase of common stock (3,407)  
Shares traded for awards vested (1,960)  
Proceeds from long-term borrowings   57,383
Payments on borrowings (30,017) (42,182)
Net cash provided by (used in) financing activities (21,023) 20,935
Exchange rate changes effect on cash and cash equivalents (837) 497
Net increase in cash and cash equivalents 1,700 21,135
Cash and cash equivalents, beginning of period 56,106 23,057
Cash and cash equivalents, end of period 57,806 44,192
Supplemental disclosure of cash flow information:    
Cash paid for interest 364 1,084
Cash paid for income taxes 4,737 9,861
Non-cash investing activities:    
Property and equipment included in accounts payable 274 79
Inventory transferred to property and equipment $ 754 $ 885