TRANSACT TECHNOLOGIES INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 6,863	$ 11,285
Accounts receivable, net	9,583	10,864
Inventories	14,151	12,795
Refundable income taxes	446
Deferred tax assets	1,636	1,705
Other current assets	375	403
Total current assets	33,054	37,052
Fixed assets, net	3,358	4,071
Goodwill	2,518	1,469
Deferred tax assets	890	789
Intangible assets, net of accumulated amortization of $730 and $475, respectively	2,861	221
Other assets	59	19
	9,686	6,569
Total assets	42,740	43,621
Current liabilities:
Accounts payable	3,019	8,342
Accrued liabilities	2,672	2,865
Deferred revenue	141	320
Total current liabilities	5,832	11,527
Deferred revenue, net of current portion	224	295
Deferred rent, net of current portion	357	393
Accrued contingent consideration (Note 4)	680
Other liabilities	334	272
	1,595	960
Total liabilities	7,427	12,487
Shareholders’ equity:
Common stock, $0.01 par value, 20,000,000 authorized at December 31, 2011 and 2010; 10,851,955 and 10,612,881 shares issued; 9,390,262 and 9,426,443 shares outstanding, at December 31, 2011 and 2010, respectively	108	106
Additional paid-in capital	25,058	22,875
Retained earnings	21,613	16,937
Accumulated other comprehensive loss, net of tax	(71)	(69)
Treasury stock, 1,461,693 and 1,186,438 shares, at cost	(11,395)	(8,715)
Total shareholders’ equity	35,313	31,134
Total liabilities and shareholders’ equity	$ 42,740	$ 43,621