XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 2,597 $ 829
Adjustments to reconcile net income to net cash provided by operating activities:    
Inventories reserve 99 (30)
Deferred tax expense 972 354
Depreciation and amortization 718 697
Share-based compensation expense 42 33
Realized tax benefit from stock option exercise 393 0
Changes in operating assets and liabilities:    
Accounts receivable (2,115) (950)
Inventories 2,899 (1,692)
Prepaid expenses and other current assets 1,260 (648)
Other assets (7) 22
Accounts payable 526 1,199
Accrued compensation and related taxes 803 135
Accrued warranty expense 48 133
Customer deposits 2 0
Accrued other expenses and other current liabilities 33 (26)
Deferred revenue 36 0
Net cash provided by operating activities 8,306 56
Investing activities    
Purchases of property, plant and equipment (1,348) (878)
Investment in securities (481) (2,761)
Net cash used in investing activities (1,829) (3,639)
Financing activities    
Cash dividends paid (2,472) 0
Repurchase of common stock (83) 0
Proceeds from issuance of common stock 30 76
Cash provided by financing activities (2,525) 76
Net change in cash and cash equivalents 3,952 (3,507)
Cash and cash equivalents, beginning of period 4,669 11,363
Cash and cash equivalents, end of period 8,621 7,856
Supplemental disclosure    
Cash paid for interest 0 0
Income tax paid 3 25
Non-cash financing activity    
Cashless exercise of stock options and related conversion of net shares to stockholders' equity $ 4 $ 15