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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 7,657 $ 10,692
Income from discontinued operations, net of tax 0 429
Income from continuing operations 7,657 10,263
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 2,996 3,685
Realized (gain)/loss on investment securities, net 77 (134)
Share-based compensation 1,192 1,105
Deferred income taxes (3,027) (505)
Impairment of fixed assets 6,083 0
(Gain)/loss on disposal of fixed assets (88) 26
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable 6 (341)
Inventory 1,971 3,311
Prepaid expenses and other current assets (587) (257)
Other assets 40 335
Accounts payable and accrued expenses (229) (596)
Income taxes 2,905 4,069
Net cash provided by operating activities- continuing operations 18,996 20,961
Net cash provided by (used in) operating activities- discontinued operations (272) (3,123)
Net cash provided by operating activities 18,724 17,838
Cash Flow from Investing Activities:    
Sale of investment securities 26,741 4,450
Purchase of investment securities (22,432) (4,172)
Sale of property and equipment 655 0
Purchase of property and equipment (753) (1,373)
Net cash provided by (used in) investing activities- continuing operations 4,211 (1,095)
Net cash provided by investing activities- discontinued operations 0 0
Net cash provided by (used in) investing activities 4,211 (1,095)
Cash Flow from Financing Activities:    
Repayment of capital leases (108) (115)
Decrease in note receivable 0 45
Net shares repurchased for employee taxes (743) (875)
Options exercised by executives and directors 299 44
Excess tax benefits from share-based compensation 105 165
Purchase of treasury stock 0 (3,321)
Cash dividends paid to stockholders (5,929) 0
Net cash used in financing activities- continuing operations (6,376) (4,057)
Net cash used in financing activities- discontinued operations 0 0
Net cash used in financing activities (6,376) (4,057)
Foreign currency impact 14 0
NET CHANGE IN CASH AND CASH EQUIVALENTS 16,573 12,686
Cash and cash equivalents - beginning of the period 42,037 24,459
Cash and cash equivalents - end of period 58,610 37,145
Supplemental disclosure of cash flow information:    
Interest paid 5 14
Income taxes paid 3,661 305
Dividends declared included in accounts payable $ 3,100 $ 0