XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 3,990,000 $ 6,358,000
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 2,381,000 1,648,000
Realized (gain) loss on investment securities, net (13,000) (115,000)
Share-based compensation 573,000 682,000
Deferred income taxes 111,000 580,000
Loss on disposal of fixed assets 40,000  
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable (700,000) (192,000)
Inventory 4,622,000 3,667,000
Prepaid expenses and other current assets (585,000) (257,000)
Other assets 251,000 4,000
Accounts payable and accrued expenses 7,333,000 3,578,000
Income taxes, prepaid 2,705,000 2,795,000
Net cash provided by operating activities 20,708,000 18,748,000
Cash Flow from Investing Activities:    
Sale of investment securities 2,582,000 3,638,000
Purchase of investment securities (2,859,000) (5,537,000)
Purchase of property and equipment (2,492,000) (3,083,000)
Net cash used in investing activities (2,769,000) (4,982,000)
Cash Flow from Financing Activities:    
Repayment of long-term debt and capital leases (270,000) (239,000)
Decrease in note receivable 4,000 2,000
Excess tax benefits from share-based compensation   495,000
Net cash provided by financing activities (266,000) 258,000
NET CHANGE IN CASH AND CASH EQUIVALENTS 17,673,000 14,024,000
Cash and cash equivalents - beginning of the period 14,262,000 17,165,000
Cash and cash equivalents - end of period 31,935,000 31,189,000
Supplemental disclosure of cash flow information:    
Interest paid 29,000 25,000
Income tax refunds received, net $ 515,000