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TRANSACT TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 4,106$ 2,826
Adjustments to reconcile net income to net cash provided by operating activities:  
Share-based compensation expense445434
Incremental tax benefits from stock options exercised(439)(32)
Depreciation and amortization1,1771,176
Deferred income taxes 631
Loss (gain) on disposal of fixed assets24(2)
Foreign currency transaction (gain) loss(2)6
Changes in operating assets and liabilities:  
Receivables1,292(1,713)
Inventories(1,108)(4,981)
Refundable income taxes 270
Other current assets(318)7
Other assets(9)1
Accounts payable(3,055)1,111
Accrued liabilities and other liabilities380612
Net cash provided by operating activities2,493346
Cash flows from investing activities:  
Purchases of fixed assets(472)(896)
Additions to capitalized software(568) 
Acquisitions(4,000) 
Proceeds from sale of assets110
Net cash used in investing activities(5,039)(886)
Cash flows from financing activities:  
Proceeds from stock option exercises863261
Purchases of common stock for treasury(2,075)(177)
Incremental tax benefits from stock options exercised43932
Payment of deferred financing costs(18) 
Net cash (used in) provided by financing activities(791)116
Effect of exchange rate changes on cash(14)(4)
Decrease in cash and cash equivalents(3,351)(428)
Cash and cash equivalents, beginning of period11,28510,017
Cash and cash equivalents, end of period$ 7,934$ 9,589