TRANSACT TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $) In Thousands	6 Months Ended
Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net income	$ 3,267	$ 1,774
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Share-based compensation expense	299	300
Incremental tax benefits from stock options exercised	(326)	(14)
Depreciation and amortization	756	791
Loss (gain) on disposal of fixed assets	24	(2)
Foreign currency transaction gain	(18)	(6)
Changes in operating assets and liabilities:
Receivables	464	(2,535)
Inventories	117	(5,635)
Refundable income taxes		270
Other current assets	(102)	119
Other assets	(4)	4
Accounts payable	(3,158)	2,914
Accrued liabilities and other liabilities	44	954
Net cash provided by (used in) operating activities	1,363	(1,066)
Cash flows from investing activities:
Purchases of fixed assets	(262)	(550)
Additions to capitalized software	(569)
Proceeds from sale of assets	1	10
Net cash used in investing activities	(830)	(540)
Cash flows from financing activities:
Proceeds from stock option exercises	657	206
Purchases of common stock for treasury	(1,843)
Incremental tax benefits from stock options exercised	326	14
Payment of deferred financing costs	(6)
Net cash (used in) provided by financing activities	(866)	220
Effect of exchange rate changes on cash	(4)	(5)
Decrease in cash and cash equivalents	(337)	(1,391)
Cash and cash equivalents, beginning of period	11,285	10,017
Cash and cash equivalents, end of period	$ 10,948	$ 8,626

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- Definition

The cash outflow to reacquire common stock during the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
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- Definition

The cash outflow for loan and debt issuance costs.

+ References

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18, 19, 20
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 13
-Subparagraph (c)
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-Name Accounting Standards Codification
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- Definition

The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition

The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Current year divestiture of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

+ References

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