XML 22 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 3,298,000 $ (16,242,000)
(Income) loss from discontinued operations (1,470,000) 1,053,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Goodwill and Intangible Asset Impairment 0 20,843,000
Depreciation and amortization 2,649,000 2,050,000
Provision for bad debts 101,000 328,000
Provision for obsolete inventory 2,330,000 9,875,000
Equity based compensation 534,000 434,000
Deferred income tax 1,170,000 (8,988,000)
Changes in operating assets and liabilities:    
Accounts receivable 4,256,000 (355,000)
Inventories (2,538,000) (1,230,000)
Income tax refunds/payable (175,000) 115,000
Other current assets (870,000) (16,000)
Other assets (245,000) 50,000
Accounts payable 1,392,000 (5,450,000)
Accrued salaries and benefits (374,000) (1,324,000)
Accrued expenses 1,184,000 (148,000)
Customer deposits (374,000) (1,039,000)
Deferred service revenue 2,469,000 4,429,000
Other long-term liabilities 345,000 (39,000)
Net cash provided by operating activities-continuing operations 13,682,000 4,346,000
Net cash used in operating activities-discontinued operations (2,450,000) (458,000)
Net cash provided by operating activities 11,232,000 3,888,000
Cash flows from investing activities:    
Capital expenditures (1,746,000) (651,000)
Capitalization of software costs (2,493,000) (7,048,000)
Sale of investments 1,912,000 0
Escrow (956,000) 0
Proceeds from sale of business 4,000,000 0
Net cash provided by (used in) investing activities-continuing operations 717,000 (7,699,000)
Net cash (used in) investing activities-discontinued operations 0 (69,000)
Net cash provided by (used in) investing activities 717,000 (7,768,000)
Cash flows from financing activities:    
Net borrowings under line-of-credit agreements 0 1,500,000
Payments of long-term debt (1,472,000) (1,226,000)
Proceeds from the exercise of stock options 25,000 132,000
Net cash provided by (used in) financing activities-continuing operations (1,447,000) 406,000
Net cash used in financing activities-discontinued operations 0 0
Net cash provided by (used in) financing activities (1,447,000) 406,000
Effect of exchange rate changes on cash and cash equivalents (38,000) 44,000
Net increase (decrease) in cash and cash equivalents 10,464,000 (3,430,000)
Cash and cash equivalents at beginning of period 7,742,000 6,781,000
Cash and cash equivalents at end of period 18,206,000 3,351,000
Less cash and equivalents of discontinued operations at end of period 0 (3,000)
Cash and equivalents of continuing operations at end of period 18,206,000 3,348,000
Cash paid during the period for:    
Interest 64,000 176,000
Income taxes, net of (refunds) $ 175,000 $ 92,000