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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 28,687 $ 31,994
Restricted cash 1,510 1,511
Accounts receivable, net of allowance of $463 and $261 in 2016 and 2015, respectively 298 369
Income tax receivable 1,587 4
Inventories, net 11,961 9,199
Prepaid expenses and other current assets 3,483 2,905
Deferred commissions 3,229 3,443
Deferred tax assets, net 7 460
Total current assets 50,762 49,885
Property and equipment, net 3,611 3,848
Construction in progress 1,012 839
Long-term restricted cash 6,429 6,586
Other assets 4,013 3,759
Long-term deferred tax assets, net 5,361 3,725
Total assets 71,188 68,642
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of capital leases 357 447
Accounts payable 5,223 2,683
Accrued expenses 5,605 6,221
Commissions and incentives payable 8,799 6,818
Taxes payable 1,040 736
Current deferred tax liability 0 84
Current notes payable 801 713
Deferred revenue 8,156 8,677
Total current liabilities 29,981 26,379
Capital leases, excluding current portion 261 612
Long-term deferred tax liabilities 29 24
Long-term notes payable 567 1,069
Other long-term liabilities 1,465 1,994
Total liabilities 32,303 30,078
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,758,275 shares issued and 2,688,790 shares outstanding as of December 31, 2016 and 2,773,972 shares issued and 2,682,078 shares outstanding as of December 31, 2015 0 0
Additional paid-in capital 38,190 40,494
Retained earnings 7,331 8,589
Accumulated other comprehensive income 1,834 686
Treasury stock, at average cost, 69,485 shares as of December 31, 2016 and 91,894 shares as of December 31, 2015, respectively (8,470) (11,205)
Total shareholders’ equity 38,885 38,564
Total liabilities and shareholders’ equity $ 71,188 $ 68,642