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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,771 $ 4,318
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,089 1,626
Deferred income taxes 49 (17)
Stock-based compensation 446 508
Changes in assets and liabilities:    
Accounts receivable 423 (2,733)
Prepaid expenses, other current assets, and income tax receivable (272) 634
Accounts payable (263) 322
Accrued expenses and accrued income taxes 874 1,414
Net cash provided by operating activities 7,117 6,072
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment and leasehold improvements (411) (1,181)
Cost of internally developed software (509) (136)
Other assets (26) (69)
Net cash used in investing activities (946) (1,386)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of stock, net of tax withholding (165) (149)
Proceeds from equipment financing 0 610
Payments of equipment financing (1,911) (1,276)
Cash dividends paid (2,464) (2,448)
Net cash used in financing activities (4,540) (3,263)
Effect of exchange rate changes on cash and cash equivalents 35 0
Net increase / (decrease) in cash and cash equivalents 1,666 1,423
Cash and cash equivalents, beginning of period 3,938 2,689
Cash and cash equivalents, end of period 5,604 4,112
Supplemental Disclosures of Cash Flow Information:    
Cash paid for income taxes 1,904 921
Cash paid for interest 53 105
Purchases of equipment through accounts payable and accrued liabilities $ 41 $ 75