XML 34 R20.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

At December 31, 2016 and 2015, inventory consisted of the following (in thousands):



	2016		2015
Raw materials	$	18,365	$	20,726
Finished goods	2,558		1,051
Work in process	4,910		5,945
Total	$	25,833	$	27,722

Property and equipment

The majority of our property and equipment, including rental equipment, is a direct cost to generating revenue and the following table depicts the depreciation associated with each product line at December 31, 2016 , 2015 and 2014 (in thousands):



	2016		2015		2014
Rentals	$	21,325	$	22,308	$	20,973
Sales	291		281		339
Service & Maintenance	25		16		12
Total	$	21,641	$	22,605	$	21,324

Property and equipment consists of the following at December 31, 2016 and 2015 (in thousands):



	Useful Lives (Years)	2016			2015
Land and building	30	$	7,025		$	7,025
Leasehold improvements	39	794			794
Office equipment and furniture	5	1,454			1,380
Software	5	573			573
Machinery and equipment	7	3,111			3,105
Vehicles	3	6,063			6,475
Total		19,020			19,352
Less accumulated depreciation		(11,267		)	(10,825		)
Total		$	7,753		$	8,527

Schedule of Finite-Lived Intangible Assets By Major Asset Class

The following table represents the identified intangible assets by major asset class (in thousands):



		December 31, 2016						December 31, 2015

	Useful Life (years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Developed Technology	20	$	2,505	$	1,508	$	997	$	2,505	$	1,382	$	1,123
Trade Name	Indefinite	654		—		654		654		—		654
Total		$	3,159	$	1,508	$	1,651	$	3,159	$	1,382	$	1,777

Schedule of Indefinite-Lived Intangible Assets By Major Asset Class

The following table represents the identified intangible assets by major asset class (in thousands):



		December 31, 2016						December 31, 2015

	Useful Life (years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Developed Technology	20	$	2,505	$	1,508	$	997	$	2,505	$	1,382	$	1,123
Trade Name	Indefinite	654		—		654		654		—		654
Total		$	3,159	$	1,508	$	1,651	$	3,159	$	1,382	$	1,777

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):



	Year Ended December 31,
	2016		2015		2014
Numerator:
Net income	$	6,469	$	10,147	$	14,128
Denominator for basic net income per common share:
Weighted average common shares outstanding	12,702		12,567		12,434
Denominator for diluted net income per share:
Weighted average common shares outstanding	12,702		12,567		12,434
Dilutive effect of stock options and restricted shares	233		226		287
Diluted weighted average shares	12,935		12,793		12,721
Earnings per common share:
Basic	$	0.51	$	0.81	$	1.14
Diluted	$	0.50	$	0.79	$	1.11