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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 746 $ 680
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation expense 173 161
Depreciation and amortization 252 221
Deferred income taxes (35) 12
Foreign currency transaction gains (66) (9)
Changes in operating assets and liabilities:    
Accounts receivable 1,210 2,297
Inventories (1,484) (2)
Prepaid income taxes 147 161
Other current and long term assets (437) (46)
Right of Use Asset (3,479) 0
Accounts payable (1,254) (740)
Lease Liabilities 3,718 0
Accrued liabilities and other liabilities (1,045) (872)
Net cash provided by operating activities (1,554) 1,863
Cash flows from investing activities:    
Capital expenditures (298) (298)
Additions to capitalized software (4) (10)
Net cash used in investing activities (302) (308)
Cash flows from financing activities:    
Payment of dividends on common stock (668) (673)
Purchases of common stock for treasury 0 (1,562)
Proceeds from stock option exercises 0 94
Withholding taxes paid on stock issuances (199) (246)
Net cash used in financing activities (867) (2,387)
Effect of exchange rate changes on cash and cash equivalents (24) (6)
Decrease in cash and cash equivalents (2,747) (838)
Cash and cash equivalents, beginning of period 4,691 5,507
Cash and cash equivalents, end of period 1,944 4,669
Supplemental schedule of non-cash investing activities:    
Capital expenditures included in accounts payable $ 59 $ 122