TRANSACT TECHNOLOGIES INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash flows from operating activities:
Net income	$ 4,676	$ 3,904	$ 2,140
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expense	587	565	640
Incremental tax benefits from stock options exercised	(498)	(21)	(79)
Depreciation and amortization	1,608	1,549	1,757
Deferred income taxes	519	540	1,002
Loss on sale of fixed assets	24	2
Foreign currency transaction (gains) losses	(6)	21	33
Changes in operating assets and liabilities:
Accounts receivable	1,977	(1,878)	(263)
Inventories	(568)	(6,851)	3,968
Refundable income taxes	(446)	270	(235)
Other current and long term assets	2	117	(135)
Accounts payable	(5,427)	3,289	187
Accrued liabilities and other liabilities	(352)	625	(642)
Net cash provided by operating activities	2,096	2,132	8,373
Cash flows from investing activities:
Capital expenditures	(640)	(978)	(643)
Additions to capitalized software	(616)	(129)
Proceeds from sale of fixed assets	1	10
Acquisitions	(4,000)
Net cash used in investing activities	(5,255)	(1,097)	(643)
Cash flows from financing activities:
Proceeds from stock option exercises	959	393	211
Purchases of common stock for treasury	(2,680)	(177)
Incremental tax benefits from stock options exercised	498	21	79
Payment of deferred financing costs	(31)
Net cash (used in) provided by financing activities	(1,254)	237	290
Effect of exchange rate changes on cash and cash equivalents	(9)	(4)	(3)
(Decrease) increase in cash and cash equivalents	(4,422)	1,268	8,017
Cash and cash equivalents, beginning of period	11,285	10,017	2,000
Cash and cash equivalents, end of period	6,863	11,285	10,017
Supplemental cash flow information:
Interest paid	51	51	51
Income taxes paid	2,545	740	482
Non-cash financing activities
Purchases of common stock for treasury at year end	$ (61)