| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||||
Net income | ||||||||
3,717 | 3,626 | 5,183 | 6,931 | 2,676 | 1,166 | 6,075 | 3,669 | 4,419 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation of property and equipment | ||||||||
4,485 | 4,359 | 3,319 | 2,388 | 2,597 | 2,290 | 2,160 | 2,102 | 1,930 |
Amortization of intangible assets | ||||||||
248 | 242 | 273 | 288 | 218 | 136 | 107 | 203 | 119 |
Recovery of bad debt | ||||||||
120 | 498 | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||
- | - | - | - | - | - | - | - | 212 |
Change in fair value of stock appreciation rights | ||||||||
261 | 296 | 86 | 77 | 115 | 208 | 188 | 205 | 211 |
Amortization of bond premium | ||||||||
- | - | - | - | - | - | 10 | 14 | 0 |
(Recovery) provision for bad debt | ||||||||
- | - | -102 | 711 | 193 | -39 | -214 | 174 | 96 |
Inventory write-down | ||||||||
0 | 847 | 0 | - | - | - | - | - | - |
Deferred income taxes | ||||||||
948 | 922 | 592 | 573 | -338 | -662 | 181 | -357 | - |
Tax benefit on exercise or forfeiture of stock options | ||||||||
- | - | -88 | -17 | 0 | - | - | - | - |
Loss on sale or disposal of property and equipment | ||||||||
-151 | -87 | -7 | 1,318 | -32 | -14 | -54 | -13 | -2 |
(Gain) on sale of marketable securities | ||||||||
- | - | 1 | 7 | 7 | 16 | 10 | 43 | 64 |
Impairment of intangibles assets | ||||||||
- | - | 414 | 0 | - | - | - | - | - |
Loss in equity investment | ||||||||
0 | -40 | 0 | - | - | - | - | - | - |
Pension plan adjustment | ||||||||
- | - | - | 4 | 0 | - | - | - | - |
Change in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
483 | -4,175 | 293 | 1,097 | 2,352 | 44 | -383 | -641 | 136 |
Inventories | ||||||||
-1,217 | 2,227 | 4,909 | 1,613 | 445 | -124 | -402 | 192 | -819 |
Prepaid expenses and other current assets | ||||||||
1,376 | 1,462 | -96 | 805 | -358 | 1,726 | -387 | 186 | 678 |
Non-current other assets | ||||||||
1,445 | -290 | -234 | -124 | -215 | -181 | 1,326 | -122 | 137 |
Accounts payable | ||||||||
-1,309 | 1,058 | -1,047 | 1,273 | -109 | -595 | 342 | -839 | 431 |
Accrued liabilities and non current other liabilities | ||||||||
- | - | -1,525 | - | - | - | - | - | - |
Accrued liabilities and non current other liabilities | ||||||||
-435 | -1,094 | - | 2,709 | 573 | -2,329 | -750 | -216 | 2,227 |
Customer deposits and deferred revenue | ||||||||
1,861 | -683 | - | - | - | - | - | - | - |
Customer deposits and deferred revenue | ||||||||
- | - | 1,601 | -116 | 1,588 | -2,394 | -1,536 | 702 | -466 |
Other current liabilities | ||||||||
- | - | - | - | - | - | - | 0 | - |
Income taxes payable | ||||||||
-328 | 162 | -293 | 481 | 92 | -322 | 564 | -296 | -254 |
Net cash provided by (used in) operating activities | ||||||||
- | - | - | 10,586 | 5,406 | -4,008 | - | - | - |
Net cash provided by operating activities | ||||||||
7,392 | 10,140 | 3,547 | - | - | - | 7,017 | 5,716 | 8,731 |
Cash Flows from Investing Activities | ||||||||
Purchase of business assets | ||||||||
- | - | - | - | - | - | - | - | 0 |
Proceeds from sale of property and equipment | ||||||||
25 | 0 | - | 3,795 | 29 | 0 | 25 | 51 | 42 |
Insurance proceeds from damaged property and equipment | ||||||||
296 | 0 | - | - | - | - | - | - | - |
Purchases of marketable securities | ||||||||
- | - | - | 8,209 | 10,476 | 4,247 | 23,728 | 28,803 | 26,832 |
Proceeds from sale of marketable securities | ||||||||
- | - | 3,556 | 7,935 | 12,073 | 12,348 | 25,325 | 32,026 | 23,129 |
Purchase of equity method investment | ||||||||
150 | 451 | 0 | - | - | - | - | - | - |
Purchase of business assets | ||||||||
- | - | - | - | 20,016 | 775 | 0 | 718 | - |
Purchase of licensing rights | ||||||||
0 | 100 | 0 | - | 25 | 0 | - | - | - |
Capital expenditures | ||||||||
2,505 | 4,374 | 11,875 | 4,264 | 2,008 | 1,772 | 1,406 | 1,669 | 1,087 |
Proceeds from line of credit | ||||||||
- | - | - | - | - | 0 | - | - | - |
Net cash used in investing activities | ||||||||
-2,334 | -4,925 | -8,319 | - | - | - | 216 | 887 | -4,748 |
Cash Flows from Financing Activities | ||||||||
Repayment of debt obligations | ||||||||
- | - | - | - | - | - | 32 | 6,977 | 749 |
Proceeds from debt obligations | ||||||||
- | - | - | - | - | - | - | - | 6,637 |
Repurchase of common stock | ||||||||
3 | 0 | - | - | - | 1,012 | 983 | 71 | 0 |
Net cash used in investing activities | ||||||||
- | - | - | -743 | -20,423 | 5,554 | - | - | - |
Cash paid for demand line of credit | ||||||||
- | - | - | -10,000 | 10,000 | - | - | - | - |
Proceeds from debt obligation | ||||||||
- | - | - | 10,000 | 0 | - | - | - | - |
Principal payments on long-term debt | ||||||||
6,666 | 1,349 | 1,330 | 655 | 0 | - | - | - | - |
Dividends paid | ||||||||
970 | 952 | 951 | 0 | - | - | 1,478 | 1,496 | 1,496 |
Proceeds from exercise of stock options | ||||||||
949 | 35 | 0 | 87 | 0 | - | - | - | - |
Cash paid for exercise of stock appreciation rights | ||||||||
170 | 42 | 0 | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||
- | - | - | -568 | 10,000 | -1,012 | - | - | - |
Net cash used in financing activities | ||||||||
-6,860 | -2,308 | -2,281 | - | - | - | -2,493 | -8,544 | 4,392 |
Effect of exchange rate changes on cash | ||||||||
-162 | 553 | -131 | -456 | -506 | -80 | 16 | -177 | -213 |
Net increase in cash and cash equivalents | ||||||||
-1,964 | 3,460 | -7,184 | 8,819 | -5,523 | 454 | 4,756 | -2,118 | 8,162 |
Supplemental disclosures of cash flow information: | ||||||||
Cash paid for interest | ||||||||
176 | 249 | 242 | - | - | - | - | - | - |
Cash paid for interest | ||||||||
- | - | - | 248 | 127 | 0 | 3 | 48 | 18 |
Cash paid, net of refunds received, for income taxes | ||||||||
831 | 1,229 | 2,126 | 1,409 | -759 | 2,097 | 1,965 | 2,322 | 1,872 |
Supplemental disclosure of non-cash investing and financing activities: | ||||||||
Stock appreciation rights liability, classified under accrued liabilities | ||||||||
0 | 898 | 0 | - | - | - | - | - | - |
Property, plant and equipment acquired through accounts payable, accrued and non-current other liabilities | ||||||||
63 | 62 | 1,849 | 240 | 0 | - | - | - | - |