XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 5,296 $ 4,854
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,501 4,574
Stock-based compensation expense 1,032 619
Increase in trade and other receivables, net (109) (9,288)
Decrease (increase) in inventory, net of write off 7,049 (10,555)
Decrease in deferred tax asset, net 410 140
Increase (decrease) in trade payables and accrued liabilities (10,237) 18,775
Increase in deferred revenues 1,796 1,018
Other adjustments (186) (88)
Net cash provided by operating activities 8,552 10,049
Cash flow from investing activities:    
Purchase of property and equipment (3,957) (3,505)
Purchase of intangible assets, net (1,336)
Net cash used in investing activities (5,293) (3,505)
Cash flow from financing activities:    
Proceeds from share options exercise 374 189
Repayment of bank loans (9,000)
Net cash used in (provided by) financing activities 374 (8,811)
Effect of exchange rate changes on cash (112) 16
Increase (decrease) in cash and cash equivalents 3,521 (2,251)
Cash and cash equivalents at the beginning of the period 25,877 36,338
Cash and cash equivalents at the end of the period $ 29,398 $ 34,087