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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 1,316 $ 4,464
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation expense 559 524
Depreciation and amortization 747 739
Deferred income taxes (104) 35
Foreign currency transaction gains 153 102
Changes in operating assets and liabilities:    
Accounts receivable (367) (782)
Inventories 82 (4,205)
Prepaid income taxes 11 467
Other current and long term assets (576) (2)
Accounts payable (853) 2,496
Accrued liabilities and other liabilities (120) (341)
Net cash provided by operating activities 848 3,497
Cash flows from investing activities:    
Capital expenditures (796) (722)
Additions to capitalized software (304) (466)
Issuance of note receivable (1,000) 0
Net cash used in investing activities (2,100) (1,188)
Cash flows from financing activities:    
Payment of dividends on common stock (2,011) (2,001)
Purchases of common stock for treasury 0 (2,000)
Proceeds from stock option exercises 0 229
Withholding taxes paid on stock issuances (214) (265)
Net cash used in financing activities (2,225) (4,037)
Effect of exchange rate changes on cash and cash equivalents (7) 16
Decrease in cash and cash equivalents (3,484) (1,712)
Cash and cash equivalents, beginning of period 4,691 5,507
Cash and cash equivalents, end of period 1,207 3,795
Supplemental schedule of non-cash investing activities:    
Capital expenditures included in accounts payable $ 91 $ 68