XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,071 $ 2,936
Accounts receivable, net 11,173 13,234
Inventories 14,008 13,509
Prepaid income taxes 257 390
Deferred tax assets 1,633 1,655
Other current assets 744 497
Total current assets 30,886 32,221
Fixed assets, net 2,608 2,732
Goodwill 2,621 2,621
Deferred tax assets 900 920
Intangible assets, net of accumulated amortization of $2,198 and $1,811, respectively 1,469 1,856
Other assets 38 58
7,636 8,187
Total assets 38,522 40,408
Liabilities and Shareholders’ Equity:    
Accounts payable 3,827 4,749
Accrued liabilities 2,903 2,215
Income taxes payable 7 26
Accrued contingent consideration   60
Deferred revenue 427 300
Total current liabilities 7,164 7,350
Deferred revenue, net of current portion 67 103
Deferred rent, net of current portion 190 244
Other liabilities 204 190
461 537
Total liabilities 7,625 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; 8,220,292 and 8,319,316 shares outstanding, respectively 111 111
Additional paid-in capital 28,172 27,674
Retained earnings 26,033 27,326
Accumulated other comprehensive loss, net of tax (66) (63)
Treasury stock, at cost, 2,896,001 and 2,787,038 shares, respectively (23,353) (22,527)
Total shareholders’ equity 30,897 32,521
Total liabilities and shareholders’ equity $ 38,522 $ 40,408