| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||
Net income | ||||||||||
14,727 | 18,555 | 8,505 | 12,128 | 11,843 | 11,378 | 11,406 | 10,169 | 7,414 | 6,014 | 6,258 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
700 | 765 | 660 | 610 | 619 | 637 | 611 | 653 | 707 | 563 | 555 |
Amortization | ||||||||||
6,144 | 2,191 | 2,113 | 2,223 | 2,528 | 2,719 | 2,584 | 2,613 | 2,066 | 44 | 34 |
Gain on Investments | ||||||||||
0 | 32 | 0 | 0 | - | - | - | -177 | 6 | 38 | 212 |
Provision for (recovery of) losses on accounts receivable | ||||||||||
14 | 20 | 4 | 0 | -10 | -27 | 10 | 5 | 77 | 6 | 7 |
Amortization of Right of Use Assets | ||||||||||
38 | 0 | 0 | - | - | - | - | - | - | - | - |
Loss/(Gain) on disposal of assets | ||||||||||
-16 | 410 | -17 | 5 | -1 | -35 | -6 | 0 | 0 | 0 | -1 |
Deferred income taxes | ||||||||||
-396 | -326 | -658 | -484 | -901 | -500 | -1,399 | -600 | -549 | - | 230 |
Stock-based compensation expense | ||||||||||
113 | 64 | 129 | 92 | 87 | 74 | 28 | 70 | 95 | 83 | 98 |
Tax benefit attributable to exercise of stock options | ||||||||||
-23 | -49 | 0 | 0 | - | - | - | - | - | - | - |
Payment of taxes for exchange of stock options | ||||||||||
- | - | - | - | 42 | - | 85 | 0 | 0 | - | - |
Tax benefit attributable to exercise of stock options | ||||||||||
- | - | - | - | 114 | 103 | 281 | 178 | 34 | - | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable and other receivables | ||||||||||
738 | 496 | 242 | 295 | -137 | 365 | -213 | -675 | -502 | -110 | -290 |
Other receivables | ||||||||||
16 | 0 | -2 | 897 | 91 | 100 | 241 | 204 | 31 | 165 | -69 |
Inventories | ||||||||||
1,686 | 244 | 467 | -360 | -422 | 141 | 249 | -841 | 624 | -286 | 83 |
Prepaid expenses and other current assets | ||||||||||
16 | 68 | -24 | 23 | -28 | 19 | -6 | 125 | -529 | -58 | 10 |
Accounts payable | ||||||||||
114 | 52 | 9 | 286 | -265 | 188 | -216 | 50 | -1,213 | 52 | -73 |
Accrued expenses | ||||||||||
-1,651 | -558 | 1,027 | -1,187 | -597 | 1,508 | -28 | -570 | 2,158 | 143 | 63 |
Long-term repatriation tax payable | ||||||||||
-330 | -2,728 | 5,785 | - | - | - | - | - | - | - | - |
Total adjustments | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Increase (decrease) in deferred revenue | ||||||||||
- | - | - | - | - | - | -83 | -100 | -66 | - | - |
Increase (decrease) in other liability | ||||||||||
- | - | - | - | - | - | -340 | -91 | 307 | - | - |
Net cash provided by operating activities | ||||||||||
17,056 | 16,834 | 16,908 | 14,528 | 13,801 | 15,387 | 12,308 | 13,563 | 11,365 | 7,157 | 7,226 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Property and equipment | ||||||||||
540 | 402 | 1,597 | 3,293 | 176 | 1,110 | 339 | 254 | 247 | 1,532 | 466 |
Intangible assets | ||||||||||
21,000 | 0 | 0 | 9 | 70 | 22 | 5 | 1 | 10 | 2 | 8 |
Purchases of investments | ||||||||||
- | - | - | - | - | - | - | 0 | 500 | 1,600 | 3,800 |
Proceeds from the sale of investments | ||||||||||
0 | 74 | 0 | 0 | - | - | - | 47 | 15,155 | 5,839 | 1,116 |
Proceeds from the sale of property and equipment | ||||||||||
0 | 862 | 0 | 0 | - | - | - | - | - | - | - |
Net cash paid in acquisition | ||||||||||
- | - | - | - | - | - | - | - | 41,084 | - | - |
Net cash used in investing activities | ||||||||||
-21,540 | 534 | -1,597 | -3,302 | -246 | -1,132 | -344 | -208 | -26,685 | 2,705 | -3,158 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Proceeds from issuance of common stock - options | ||||||||||
283 | 454 | 302 | 376 | 343 | 491 | 787 | 1,803 | 485 | 425 | 132 |
Common stock purchased and retired | ||||||||||
398 | 1,205 | 0 | - | - | - | - | - | - | - | - |
Common stock purchased and retired | ||||||||||
- | - | - | -2,850 | -683 | -1,055 | 0 | -504 | 0 | -439 | -116 |
Tax benefit attributable to exercise of stock options | ||||||||||
0 | 0 | 0 | 50 | - | - | - | - | - | - | - |
Proceeds from notes payable | ||||||||||
- | - | - | - | - | - | - | - | 26,934 | - | - |
Tax benefit attributable to exercise of stock options | ||||||||||
- | - | - | - | - | - | - | - | - | 38 | 14 |
Repayments of notes payable | ||||||||||
- | - | - | - | 4,777 | 4,035 | 3,908 | 9,093 | 5,942 | 413 | 463 |
Payment of dividends | ||||||||||
4,112 | 4,026 | 2,955 | 3,916 | 3,846 | 3,765 | 3,675 | 3,555 | 3,433 | 6,030 | 3,337 |
Net cash used in financing activities | ||||||||||
-4,227 | -4,777 | -2,653 | -6,340 | -8,891 | -8,261 | -6,600 | -11,171 | 18,078 | -6,419 | -3,770 |
Effect of exchange rate changes on cash | ||||||||||
386 | -1,354 | 921 | -1,868 | -660 | -1,115 | 160 | 153 | -41 | -35 | 15 |
Net decrease in cash and cash equivalents | ||||||||||
-8,325 | 11,237 | 13,579 | 3,018 | 4,004 | 4,879 | 5,524 | 2,337 | 2,717 | 3,408 | 313 |
Cash paid during the period for income taxes | ||||||||||
5,304 | 4,851 | 5,151 | 4,846 | 5,341 | 3,094 | 3,971 | 4,423 | 2,685 | 2,810 | 3,075 |
Cash paid during the period for interest | ||||||||||
0 | 0 | 0 | 0 | 65 | 296 | 439 | 658 | 860 | 25 | 51 |