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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 37,768 $ 34,596
Marketable securities 3,332 8,319
Accounts receivable, net of allowance for doubtful accounts of $2,709 and $2,852 as of March 31, 2018 and December 31, 2017, respectively 28,550 28,316
Inventories 23,327 22,732
Prepaid expenses and other current assets 4,419 3,816
Current contract assets 3,305 0
Total current assets 100,701 97,779
Property and equipment, less accumulated depreciation of $52,767 and $51,099 as of March 31, 2018 and December 31, 2017, respectively 48,145 43,521
Intangible assets, less accumulated amortization of $21,770 and $20,656 as of March 31, 2018 and December 31, 2017, respectively 14,587 15,120
Goodwill 34,996 33,872
Other non-current assets 6,437 5,927
Non-current contract assets 6,272 0
Non-current deferred income tax asset 214 20
Total assets 211,352 196,239
Current liabilities:    
Accounts payable 17,144 15,736
Accrued compensation and employee-related expenses 4,531 5,358
Accrued other 9,583 9,210
Accrued product warranty costs 2,027 2,074
Deferred revenue 0 6,919
Current portion of long-term debt 2,484 2,482
Contract liabilities 11,973 0
Liability for uncertain tax positions 1,631 1,570
Total current liabilities 49,373 43,349
Other long-term liabilities 2,414 19
Long-term contract liabilities 8,301 0
Long-term debt, excluding current portion 41,701 44,572
Non-current deferred income tax liability 2,729 2,634
Total liabilities 104,518 90,574
Stockholders’ equity:    
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued 0 0
Common stock, $0.01 par value. Authorized 30,000,000 shares; 18,804,066 and 18,787,816 shares issued at March 31, 2018 and December 31, 2017, respectively; and 17,521,644 and 17,128,825 shares outstanding at March 31, 2018 and December 31, 2017, respectively 188 188
Additional paid-in capital 136,718 134,361
Accumulated deficit (11,058) (4,417)
Accumulated other comprehensive loss (8,850) (11,317)
Stockholders Equity Before Treasury Stock Adjustment 116,998 118,815
Less: treasury stock at cost, common stock, 1,282,422 and 1,658,991 shares as of March 31, 2018 and December 31, 2017, respectively (10,164) (13,150)
Total stockholders’ equity 106,834 105,665
Total liabilities and stockholders’ equity $ 211,352 $ 196,239