XML 49 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 15,876,000 $ 18,541,000 $ 19,611,000
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:      
Depreciation and amortization 11,205,000 8,344,000 5,859,000
Realized loss on investment securities, net 2,000 207,000 205,000
Common stock issued for services 0 0 50,000
Share-based compensation 2,850,000 2,524,000 2,628,000
Deferred income taxes (1,337,000) 6,015,000 (70,000)
Loss on disposal of fixed assets 117,000 0 0
Changes in assets and liabilities which provided (used) cash:      
Accounts receivable (671,000) (854,000) 53,000
Inventory (835,000) (435,000) (8,302,000)
Prepaid expenses and other current assets (1,045,000) (143,000) 1,639,000
Other assets 150,000 (971,000) 138,000
Accounts payable and accrued expenses 9,391,000 3,810,000 7,302,000
Income taxes 4,561,000 (2,168,000) (344,000)
Net cash provided by operating activities 40,264,000 34,870,000 28,769,000
Cash Flow from Investing Activities:      
Sale of investment securities 8,109,000 8,064,000 5,487,000
Purchase of investment securities (8,390,000) (10,278,000) (16,973,000)
Purchase of property and equipment (11,383,000) (14,273,000) (12,055,000)
Purchase of intangible assets 0 (387,000) 0
Net cash used in investing activities (11,664,000) (16,874,000) (23,541,000)
Cash Flow from Financing Activities:      
Issuance of stock options 0 0 34,000
Proceeds of long-term debt 0 0 393,000
Repayment of long-term debt and capital leases (1,444,000) (1,136,000) (834,000)
Decrease in note receivable 18,000 12,000 5,000
Excess tax benefits from share-based compensation 1,265,000 614,000 1,770,000
Purchase of treasury stock (2,764,000) (20,389,000) (35,000)
Net cash used in financing activities (2,925,000) (20,899,000) 1,333,000
NET CHANGE IN CASH AND CASH EQUIVALENTS 25,675,000 (2,903,000) 6,561,000
Cash and cash equivalents - beginning of the period 14,262,000 17,165,000 10,604,000
Cash and cash equivalents - end of period 39,937,000 14,262,000 17,165,000
Supplemental disclosure of cash flow information:      
Interest paid 123,000 96,000 111,000
Income taxes paid 4,093,000 4,125,000 10,677,000
Supplemental disclosure of non cash activity:      
Capitalized lease additions $ 104,000 $ 1,014,000 $ 0