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CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,310 $ 4,644
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,324 1,248
Provision for inventory losses 434 1,630
Provision for doubtful accounts 275 266
Loss on disposal of assets 28 42
Accounting charge related to stock-based compensation expense 450 397
Tax benefit from exercise of stock options (16) 0
Deferred income taxes 6 (2,148)
Changes in operating assets and liabilities:    
Accounts receivable (77) (78)
Income tax receivable (16) (22)
Inventories (1,730) (148)
Prepaid expenses and other current assets 655 950
Other assets (138) (187)
Deferred commissions 230 (2,388)
Accounts payable 116 (131)
Accrued expenses and other liabilities 633 1,885
Taxes payable (637) 5,449
Commissions and incentives payable 2,174 (271)
Deferred revenue (210) 6,488
Change in restricted cash 26 (3,131)
Net cash provided by operating activities 7,837 14,495
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (1,583) (2,173)
Proceeds from sale of assets 0 8
Net cash used in investing activities (1,583) (2,165)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from stock options exercised 30 112
Tax benefit from exercise of stock options 16 0
Proceeds from note payable 1,148 0
Repayment of capital lease obligations (1,276) (1,102)
Net cash used in financing activities (82) (990)
Effect of currency exchange rate changes on cash and cash equivalents 1,121 450
Net increase in cash and cash equivalents 7,293 11,790
Cash and cash equivalents at the beginning of the period 27,999 20,395
Cash and cash equivalents at the end of the period 35,292 32,185
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Income taxes paid, net 4,394 2,180
Interest paid on capital leases 69 88
Summary of non-cash investing and financing activities:    
Assets acquired through financing arrangements $ 671 $ 1,821