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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 5,088 $ 2,936
Accounts receivable, net 11,802 13,234
Inventories 14,008 13,509
Prepaid income taxes 76 390
Deferred tax assets 1,655 1,655
Other current assets 545 497
Total current assets 33,174 32,221
Fixed assets, net 2,710 2,732
Goodwill 2,621 2,621
Deferred tax assets 895 920
Intangible assets, net of accumulated amortization of $2,069 and $1,811, respectively 1,597 1,856
Other assets 46 58
7,869 8,187
Total assets 41,043 40,408
Liabilities and Shareholders’ Equity:    
Accounts payable 5,406 4,749
Accrued liabilities 2,302 2,215
Income taxes payable 36 26
Accrued contingent consideration (Note 4) 40 60
Deferred revenue 543 300
Total current liabilities 8,327 7,350
Deferred revenue, net of current portion 76 103
Deferred rent, net of current portion 208 244
Other liabilities 220 190
504 537
Total liabilities 8,831 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 28,039 27,674
Retained earnings 26,647 27,326
Accumulated other comprehensive loss, net of tax (58) (63)
Treasury stock, at cost, 2,787,038 shares (22,527) (22,527)
Total shareholders’ equity 32,212 32,521
Total liabilities and shareholders’ equity $ 41,043 $ 40,408