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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net Income $ 6,297 $ 4,366
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Non-Cash Compensation 441 (467)
Depreciation and Amortization 226 211
Provision for Losses on Accounts Receivable, net of write-offs and recoveries 22 (320)
Deferred Taxes 47 211
Provision for Inventory Reserves 42 (127)
Changes in Assets and Liabilities:    
Accounts Receivable 353 1,733
Inventories (466) (112)
Right-Of-Use Assets 100 89
Other Assets 554 634
Accounts Payable (586) (206)
Accrued Compensation (3,425) (3,177)
Accrued Commissions and Sales Incentives (944) (1,444)
Lease Liabilities (102) (91)
Other Liabilities (352) (549)
Net Cash Provided by Operating Activities 2,207 751
Cash Flows from Investing Activities:    
Capital Expenditures (362) (145)
Net Cash Used in Investing Activities (362) (145)
Cash Flows from Financing Activities:    
Dividends Paid (2,826) (2,826)
Net Cash Used in Financing Activities (2,826) (2,826)
Net Decrease in Cash and Cash Equivalents (981) (2,220)
Translation effect on cash 22 (44)
Cash and Cash Equivalents – Beginning of Period 23,633 16,098
Cash and Cash Equivalents – End of Period 22,674 13,834
Supplemental Disclosure of Cash Flow Information:    
Cash paid for Income Taxes 256 207
Declared Dividend $ 2,826 $ 2,826