XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,205 $ 2,936
Accounts receivable, net 12,905 13,234
Inventories 13,550 13,509
Prepaid income taxes 192 390
Deferred tax assets 1,655 1,655
Other current assets 702 497
Total current assets 32,209 32,221
Fixed assets, net 2,792 2,732
Goodwill 2,621 2,621
Deferred tax assets 920 920
Intangible assets, net of accumulated amortization of $1,940 and $1,811, respectively 1,727 1,856
Other assets 61 58
8,121 8,187
Total assets 40,330 40,408
Liabilities and Shareholders’ Equity:    
Accounts payable 4,721 4,749
Accrued liabilities 1,973 2,215
Income taxes payable 38 26
Accrued contingent consideration (Note 4) 60 60
Deferred revenue 482 300
Total current liabilities 7,274 7,350
Deferred revenue, net of current portion 88 103
Deferred rent, net of current portion 226 244
Other liabilities 207 190
521 537
Total liabilities 7,795 7,887
Shareholders’ equity:    
Common stock, $0.01 par value, 20,000,000 shares authorized; 11,116,293 and 11,106,354 shares issued, respectively; 8,329,255 and 8,319,316 shares outstanding, respectively 111 111
Additional paid-in capital 27,875 27,674
Retained earnings 27,138 27,326
Accumulated other comprehensive loss, net of tax (62) (63)
Treasury stock, at cost, 2,787,038 shares (22,527) (22,527)
Total shareholders’ equity 32,535 32,521
Total liabilities and shareholders’ equity $ 40,330 $ 40,408