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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 4,260 $ 4,444
Income from discontinued operations, net of tax 0 28
Income from continuing operations 4,260 4,416
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 1,609 1,877
Realized (gain)/loss on investment securities, net 44 (118)
Share-based compensation 524 529
Deferred income taxes (740) (154)
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable (482) (656)
Inventory 92 1,549
Prepaid expenses and other current assets 7 16
Other assets 36 335
Accounts payable and accrued expenses 1,268 3,615
Income taxes 1,024 1,202
Net cash provided by operating activities- continuing operations 7,642 12,611
Net cash provided by (used in) operating activities- discontinued operations 25 (2,513)
Net cash provided by operating activities 7,667 10,098
Cash Flow from Investing Activities:    
Sale of investment securities 2,021 2,022
Purchase of investment securities (1,192) (1,526)
Sale of property and equipment 456 0
Purchase of property and equipment (83) (907)
Net cash provided by (used in) investing activities- continuing operations 1,202 (411)
Net cash provided by investing activities- discontinued operations 0 0
Net cash provided by (used in) investing activities 1,202 (411)
Cash Flow from Financing Activities:    
Repayment of long-term debt and capital leases (53) (57)
Decrease in note receivable 0 45
Net shares repurchased for employee taxes (703) (875)
Options exercised by executives and directors 26 0
Excess tax benefits from share-based compensation 96 165
Cash dividends paid to stockholders (2,968) 0
Net cash used in financing activities- continuing operations (3,602) (722)
Net cash used in financing activities- discontinued operations 0 0
Net cash used in financing activities (3,602) (722)
Foreign currency impact 12 0
NET CHANGE IN CASH AND CASH EQUIVALENTS 5,279 8,965
Cash and cash equivalents - beginning of the period 42,037 24,459
Cash and cash equivalents - end of period 47,316 33,424
Supplemental disclosure of cash flow information:    
Interest paid 3 10
Income taxes paid 1,659 295
Dividends declared included in accounts payable $ 3,060 $ 0