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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 105,858 $ 106,169
Short-term investments 42,912 42,942
Accounts receivable, net 60,633 61,364
Inventories, net 52,537 51,886
Prepaid expenses and other current assets 17,829 16,304
Total current assets 279,769 278,665
Property and equipment:    
Machinery and equipment 58,566 57,063
Furniture and fixtures 6,868 6,099
Leasehold improvements 19,099 18,778
Property and equipment, at cost 84,533 81,940
Less: accumulated depreciation and amortization (53,108) (50,262)
Property and equipment, net 31,425 31,678
Goodwill 47,433 46,744
Intangible assets, net 21,386 22,279
Service and sales demonstration inventory, net 31,935 29,136
Deferred income tax assets, net 14,478 14,307
Other long-term assets 750 905
Total assets 427,176 423,714
Current liabilities:    
Accounts payable 11,953 11,126
Accrued liabilities 21,920 24,572
Income taxes payable 0 618
Current portion of unearned service revenues 28,865 27,422
Customer deposits 2,799 2,872
Total current liabilities 65,537 66,610
Unearned service revenues - less current portion 13,390 13,813
Deferred income tax liabilities 1,445 1,409
Other long-term liabilities 2,622 2,225
Total liabilities 82,994 84,057
Commitments and contingencies - See Note 16
Shareholders’ equity:    
Common stock - par value $.001, 50,000,000 shares authorized; 18,178,495 and 18,170,267 issued; 16,692,019 and 16,680,791 outstanding, respectively 18 18
Additional paid-in capital 214,715 212,602
Retained earnings 181,679 183,436
Accumulated other comprehensive loss (20,402) (24,561)
Common stock in treasury, at cost; 1,486,476 and 1,489,476 shares, respectively (31,828) (31,838)
Total shareholders’ equity 344,182 339,657
Total liabilities and shareholders’ equity $ 427,176 $ 423,714