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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 9,358 $ 8,978
Marketable securities 46,386 29,307
Accounts receivable, net of allowance for doubtful accounts of $1,705 as of December 31, 2013 and $929 as of December 31, 2012 27,549 27,654
Inventories 18,255 16,203
Prepaid expenses and other assets 3,784 3,264
Deferred income taxes 3,060 1,146
Total current assets 108,392 86,552
Property and equipment, less accumulated depreciation of $36,456 as of December 31, 2013 and $31,657 as of December 31, 2012 37,142 36,733
Intangible assets, less accumulated amortization of $2,005 as of December 31, 2013 and $826 as of December 31, 2012 14,987 1,684
Goodwill 18,281 4,712
Other non-current assets 5,047 4,363
Deferred income taxes 0 3,524
Total assets 183,849 137,568
Current liabilities:    
Accounts payable 8,876 7,086
Accrued compensation and employee-related expenses 5,859 6,785
Accrued other 7,325 4,595
Accrued product warranty costs 1,269 814
Deferred revenue 4,858 1,892
Current portion of long-term debt 1,272 138
Total current liabilities 29,459 21,310
Deferred income taxes 625 0
Other long-term liabilities 204 140
Line of credit 30,000 7,000
Long-term debt, excluding current portion 7,094 3,414
Total liabilities 67,382 31,864
Commitments and contingencies      
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, 16,936,128 and 16,563,836 shares issued; 15,277,137 and 14,904,845 shares outstanding at December 31, 2013 and December 31, 2012, respectively 169 166
Additional paid-in capital 117,147 111,514
Accumulated earnings 11,840 7,307
Accumulated other comprehensive income (loss) 461 (133)
Total Stockholders equity before treasury stock adjustment 129,617 118,854
Less: treasury stock at cost, common stock, 1,658,991 shares as of December 31, 2013 and December 31, 2012, respectively (13,150) (13,150)
Total stockholders’ equity 116,467 105,704
Total liabilities and stockholders’ equity $ 183,849 $ 137,568