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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 18,050 $ 34,596
Marketable securities 25 8,319
Accounts receivable, net of allowance for doubtful accounts of $2,685 and $2,852 as of December 31, 2018 & December 31, 2017, respectively 29,663 28,316
Inventories 22,942 22,732
Prepaid expenses and other current assets 3,494 3,816
Current contract assets 3,566 0
Total current assets 77,740 97,779
Property and equipment, less accumulated depreciation of $48,797 and $51,099 as of December 31, 2018 & December 31, 2017, respectively 53,248 43,521
Intangible assets, less accumulated amortization of $24,703 and $20,656 as of December 31, 2018 & December 31, 2017, respectively 10,518 15,120
Goodwill 32,213 33,872
Other non-current assets 6,736 5,927
Non-current contract assets 6,971 0
Non-current deferred income tax asset 226 20
Total assets 187,652 196,239
Current liabilities:    
Accounts payable 17,726 15,736
Accrued compensation and employee-related expenses 5,167 5,358
Accrued other 10,964 9,210
Accrued product warranty costs 1,916 2,074
Deferred revenue 0 6,919
Current portion of long-term debt 9,928 2,482
Contract liabilities 9,193 0
Liability for uncertain tax positions 1,116 1,570
Total current liabilities 56,010 43,349
Other long-term liabilities 1,920 19
Long-term contract liabilities 9,070 0
Long-term debt, excluding current portion 19,437 44,572
Non-current deferred income tax liability 1,700 2,634
Total liabilities 88,137 90,574
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, 19,026,393 and 18,787,816 shares issued at December 31, 2018 and December 31, 2017, respectively; and 17,743,971 and 17,128,825 shares outstanding at December 31, 2018 and December 31, 2017, respectively 190 188
Additional paid-in capital 139,617 134,361
Accumulated deficit (15,397) (4,417)
Accumulated other comprehensive loss (14,731) (11,317)
Total Stockholders equity before treasury stock adjustment 109,679 118,815
Less: treasury stock at cost, common stock, 1,282,422 and 1,658,991 shares as of December 31, 2018 and December 31, 2017, respectively (10,164) (13,150)
Total stockholders’ equity 99,515 105,665
Total liabilities and stockholders’ equity $ 187,652 $ 196,239