| 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 | ||||||||||
6,787 | 3,538 | 5,062 | 5,901 | 5,830 | - | - | - | - | - | - |
Net income | ||||||||||
- | - | - | - | - | 5,760 | 6,393 | 5,489 | 5,539 | 4,421 | 2,867 |
Adjustments to reconcile net income to net cash and cash equivalents (used in) provided by operating activities: | ||||||||||
Depreciation and amortization expense | ||||||||||
488 | 482 | 477 | 296 | 253 | 226 | 274 | 302 | 325 | 317 | - |
Benefit from doubtful accounts receivable | ||||||||||
- | -75 | -95 | -73 | 13 | 43 | 188 | 272 | 161 | 141 | 66 |
Deferred income tax benefit | ||||||||||
-111 | -7 | 278 | 105 | -43 | 7 | 82 | 64 | 272 | 273 | 271 |
Share-based compensation expense | ||||||||||
759 | 2,769 | 1,512 | 1,673 | 1,213 | 1,305 | 1,127 | 1,071 | 1,059 | 1,187 | 893 |
Reversal of uncertain tax position liability | ||||||||||
- | - | - | - | - | - | - | - | - | -78 | - |
Loss on disposal of fixed assets | ||||||||||
-3 | -17 | - | -12 | - | - | - | - | 12 | - | - |
Amortization of discount on accounts receivable | ||||||||||
-457 | -869 | - | - | - | - | - | - | - | - | - |
Depreciation expense | ||||||||||
- | - | - | - | - | - | - | - | - | - | 291 |
Amortization of discount on accounts receivable | ||||||||||
- | - | -747 | -308 | - | - | - | - | - | - | 6 |
Amortization of right-of-use assets | ||||||||||
370 | - | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
17,134 | -1,538 | -11,540 | 28,348 | -1,085 | -1,740 | -1,975 | 17,463 | 6,876 | 15,436 | 8,972 |
Inventory | ||||||||||
1,284 | -1,312 | 461 | 361 | 481 | 176 | -402 | 477 | 76 | 197 | -93 |
Prepaid expenses and other current assets | ||||||||||
724 | 280 | -31 | 625 | 72 | -1,171 | 840 | -719 | 738 | 249 | 217 |
Vendor prepayments | ||||||||||
-3,072 | -3,665 | 6,837 | - | - | - | - | - | - | - | - |
Accounts payable and accrued expenses | ||||||||||
11,636 | 1,841 | -12,656 | 21,246 | 322 | -4,333 | 827 | 13,419 | 4,069 | 12,542 | 5,680 |
Lease liability, net | ||||||||||
-336 | - | - | - | - | - | - | - | - | - | - |
Other assets and liabilities | ||||||||||
-180 | 30 | 125 | 34 | - | -2 | 90 | 21 | 22 | 4 | -21 |
Other assets | ||||||||||
- | - | - | - | -65 | - | - | - | - | - | - |
Net cash and cash equivalents (used in) provided by operating activities | ||||||||||
3,249 | 13,901 | -2,021 | -516 | 8,185 | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
- | - | - | - | - | 5,745 | 10,338 | 3,375 | 3,701 | 2,917 | 999 |
Cash flows from investing activities | ||||||||||
Purchase of available-for-sale securities | ||||||||||
- | - | - | - | - | - | 920 | 7,295 | 5,623 | 6,206 | 10,379 |
Redemptions of available-for-sale securities | ||||||||||
- | - | - | - | - | - | 5,342 | 8,268 | 4,760 | 9,255 | 12,138 |
Purchase of equipment and leasehold improvements | ||||||||||
106 | 266 | 359 | 1,040 | 200 | 311 | 219 | 215 | 234 | 176 | 179 |
Net cash and cash equivalents used in investing activities | ||||||||||
-106 | -266 | -359 | -1,040 | -200 | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
- | - | - | - | - | -311 | 4,203 | 758 | -1,097 | 2,873 | 1,580 |
Cash flows from financing activities | ||||||||||
Purchase of treasury stock | ||||||||||
86 | 1,039 | 2,954 | 5,404 | 4,638 | 772 | 2,056 | 1,120 | 1,536 | 608 | 718 |
Borrowings under revolving credit facility | ||||||||||
- | 10,000 | 2,000 | - | - | - | - | - | - | - | - |
Repayments of borrowings under revolving credit facility | ||||||||||
- | 10,000 | 2,000 | - | - | - | - | - | - | - | - |
Repayment of capital lease obligations | ||||||||||
- | - | - | - | - | - | 55 | 76 | 83 | 34 | - |
Proceeds from stock option exercise | ||||||||||
- | - | - | - | 574 | 1,791 | 201 | 430 | 71 | - | - |
Tax benefit from share-based compensation | ||||||||||
- | - | - | 141 | 213 | 716 | 163 | 224 | 237 | 53 | -51 |
Dividends paid | ||||||||||
3,066 | 3,066 | 3,055 | 3,199 | 3,242 | 3,230 | 3,014 | 2,991 | 2,988 | 2,881 | 2,813 |
Net cash used in financing activities | ||||||||||
- | - | - | - | - | -1,495 | -4,761 | -3,533 | -4,299 | -3,470 | -3,582 |
Effect of foreign exchange rate on cash | ||||||||||
- | - | - | - | - | -424 | -6 | 33 | -58 | 75 | 214 |
Net cash and cash equivalents used in financing activities | ||||||||||
-3,152 | -4,105 | -6,009 | -8,462 | -7,093 | - | - | - | - | - | - |
Effect of foreign exchange rate on cash and cash equivalents | ||||||||||
110 | -177 | 395 | -281 | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | ||||||||||
101 | 9,353 | -7,994 | -10,299 | - | - | - | - | - | - | - |
Effect of foreign exchange rate on cash | ||||||||||
- | - | - | - | -193 | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||||
- | - | - | - | 699 | 3,515 | 9,774 | - | - | - | - |
Net decrease in cash and cash equivalents | ||||||||||
- | - | - | - | - | - | - | 633 | -1,753 | 2,395 | -789 |
Supplementary disclosure of cash flow information: | ||||||||||
Income taxes paid | ||||||||||
2,394 | 2,338 | 2,437 | 2,559 | - | - | - | - | - | - | - |
Income taxes paid | ||||||||||
- | - | - | - | 3,191 | 2,431 | 2,980 | 3,339 | 2,762 | 2,142 | 1,995 |
Leasehold improvements funded by tenant allowance | ||||||||||
- | - | - | 840 | - | - | - | - | - | - | - |
Equipment financed with capital lease | ||||||||||
- | - | - | - | - | - | - | - | - | 247 | - |