v2.3.0.11
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 $ 20,195 $ 4,755
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (benefit of) deferred income taxes (5,472) 37
Depreciation and amortization 5,000 3,429
Provision for (recovery of) bad debts 558 (157)
Share-based compensation 1,234 789
Loss on the disposition of property and equipment   18
Changes in operating accounts:    
Accounts receivable (1,696) 16
Inventories (3,900) (4,457)
Prepaid expenses and other current assets (951) 664
Accounts payable (3,750) 2,102
Accrued liabilities (3,377) (96)
Customer deposits (929) 1
Deferred revenue (903) 8
Other operating assets and liabilities 223 329
Net cash provided by operating activities 6,232 7,438
Cash flows from investing activities:    
Purchases of property and equipment (978) (434)
Additions to license and patent costs (211) (192)
Proceeds from disposition of property and equipment   6
Cash paid for acquisitions, net of cash assumed (27,975) (5,600)
Net cash used in investing activities (29,164) (6,220)
Cash flows from financing activities:    
Proceeds from issuance of common stock 62,054  
Proceeds from exercise of stock options and restricted stock 2,281 238
Repayment of capital lease obligations (112) (105)
Restricted cash (207)  
Net cash provided by financing activities 64,016 133
Effect of exchange rate changes on cash 576 (386)
Net increase in cash and cash equivalents 41,660 965
Cash and cash equivalents at the beginning of the period 37,349 24,913
Cash and cash equivalents at the end of the period 79,009 25,878
Supplemental Cash Flow Information:    
Interest payments 282 297
Income tax payments 445 275
Non-cash items:    
Transfer of equipment from inventory to property and equipment, net(a) 1,102 [1] 1,323 [1]
Transfer of equipment to inventory from property and equipment, net(b) 38 [2] 392 [2]
Stock issued for acquisitions of businesses $ 2,042 $ 2,600
[1] Inventory is transferred from inventory to property and equipment at cost when the Company requires additional machines for training, demonstration or short-term rentals.
[2] In general, an asset is transferred from property and equipment, net, into inventory at its net book value when the Company has identified a potential sale for a used machine. The machine is removed from inventory upon recognition of the sale.