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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 12,283 $ 9,358
Marketable securities 41,425 46,386
Accounts receivable, net of allowance for doubtful accounts of approximately $1,427 as of March 31, 2014 and $1,705 as of December 31, 2013 28,173 27,549
Inventories 18,704 18,255
Prepaid expenses and other assets 4,726 3,784
Deferred income taxes 3,128 3,060
Total current assets 108,439 108,392
Property and equipment, less accumulated depreciation of $37,689 as of March 31, 2014 and $36,456 as of December 31, 2013 36,682 37,142
Intangible assets, less accumulated amortization of $2,465 as of March 31, 2014 and $2,005 as of December 31, 2013 14,654 14,987
Goodwill 18,407 18,281
Other non-current assets 4,801 5,047
Total assets 182,983 183,849
Current liabilities:    
Accounts payable 8,445 8,876
Accrued compensation and employee-related expenses 4,387 5,859
Accrued other 8,183 7,325
Accrued product warranty costs 1,367 1,269
Deferred revenue 5,735 4,858
Current portion of long-term debt 1,282 1,272
Total current liabilities 29,399 29,459
Deferred income taxes 375 625
Other long-term liabilities 194 204
Line of credit 30,000 30,000
Long-term debt, excluding current portion 6,770 7,094
Total liabilities 66,738 67,382
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; 17,062,241 and 16,936,128 shares issued at March 31, 2014 and December 31, 2013; and 15,403,250 and 15,277,137 shares outstanding at March 31, 2014 and December 31, 2013, respectively 171 169
Additional paid-in capital 117,781 117,147
Retained earnings 10,717 11,840
Accumulated other comprehensive income 726 461
Less: treasury stock at cost, common stock, 1,658,991 shares as of March 31, 2014 and December 31, 2013 (13,150) (13,150)
Total stockholders’ equity 116,245 116,467
Total liabilities and stockholders’ equity $ 182,983 $ 183,849