XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 1,878 $ 617
Adjustments to reconcile net income to net cash provided by operating activities:    
Inventories reserve 64 (41)
Deferred tax expense 610 248
Depreciation and amortization 456 443
Share-based compensation expense 26 16
Realized tax benefit from stock option exercise 380 0
Changes in operating assets and liabilities:    
Accounts receivable (1,794) (118)
Inventories 320 (186)
Prepaid expenses and other current assets 1,175 (615)
Other assets 17 11
Accounts payable 2,275 487
Accrued compensation and related taxes 676 (309)
Accrued warranty expense (20) 78
Deferred revenue (16) (14)
Customer deposits 989 0
Accrued other expenses and other current liabilities 66 (36)
Net cash provided by operating activities 7,102 581
Investing activities    
Purchases of property, plant and equipment (962) (342)
Investment in securities (481) 0
Net cash used in investing activities (1,443) (342)
Financing activities    
Cash dividends paid (1,236) 0
Repurchase of common stock (22) 0
Proceeds from issuance of common stock 10 76
Cash (used in) provided by financing activities (1,248) 76
Net change in cash and cash equivalents 4,411 315
Cash and cash equivalents, beginning of period 4,669 11,363
Cash and cash equivalents, end of period 9,080 11,678
Supplemental disclosure    
Cash paid for interest 0 0
Income tax paid 0 25
Non-cash financing activity    
Cashless exercise of stock options and related conversion of net shares to stockholders' equity $ 4 $ 15