XML 20 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 17,835 $ 20,058 $ 13,181
Income from discontinued operations, net of tax   491 (7,848)
Income from continuing operations 17,835 19,567 21,029
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:      
Depreciation and amortization 5,405 7,115 8,052
Realized (gain)/loss on investment securities, net 313 (458) (771)
Share-based compensation 3,428 3,081 3,918
Deferred income taxes (2,829) (106) 286
Impairment of fixed assets 6,083    
(Gain)/loss on disposal of fixed assets (12) 81 (29)
Changes in assets and liabilities which provided (used) cash:      
Accounts receivable 246 17 (708)
Inventory (4,976) 2,400 1,802
Prepaid expenses and other current assets (616) (56) (349)
Other assets 43 292 (318)
Accounts payable and accrued expenses 770 (2,363) (376)
Income taxes, prepaid 300 3,550 (5,198)
Net cash provided by operating activities- continuing operations 25,990 33,120 27,338
Net cash used in operating activities- discontinued operations (640) (3,709) (1,802)
Net cash provided by operating activities 25,350 29,411 25,536
Cash Flow from Investing Activities:      
Sale of investment securities 26,741 11,880 29,636
Purchase of investment securities (26,578) (9,250) (26,080)
Sale of property and equipment 676    
Purchase of property and equipment (2,876) (2,819) (7,024)
Net cash used in investing activities- continuing operations (2,037) (189) (3,468)
Net cash provided by investing activities- discontinued operations     950
Net cash used in investing activities (2,037) (189) (2,518)
Cash Flow from Financing Activities:      
Repayment of capital leases (219) (255) (222)
Decrease in note receivable   45 52
Net shares repurchased for employee taxes (1,342) (1,296) (1,152)
Options exercised by executives and directors 299 44 0
Excess tax benefits from share-based compensation 230 247 275
Purchase of treasury stock   (10,516) (33,894)
Cash dividends paid to stockholders (11,889)    
Net cash used in financing activities (12,921) (11,731) (34,941)
Foreign currency impact 7 87  
NET CHANGE IN CASH AND CASH EQUIVALENTS 10,399 17,578 (11,923)
Cash and cash equivalents - beginning of the period 42,037 24,459 36,382
Cash and cash equivalents - end of period 52,436 42,037 24,459
Supplemental disclosure of cash flow information:      
Interest paid 24 22 131
Income taxes paid 11,615 4,182 $ 12,721
Dividends declared included in accounts payable $ 4,039 $ 3,013