XML 23 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 975 $ 2,658
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 1,779 599
Adjustment to earnout payable 5,355
Adjustment to contingent consideration liability 1,621
Provision for excess and obsolete inventory 251 226
Foreign exchange (gain) loss (146) 16
Amortization of deferred compensation related to stock-based awards 344 269
Proceeds from sale of demonstration equipment, net of gain 152 129
Deferred income tax (benefit) expense (1,630) 135
Changes in assets and liabilities:    
Trade accounts receivable (2,983) (1,009)
Inventories 388 (384)
Prepaid expenses and other current assets (31) 295
Restricted certificates of deposit 175
Other assets 2 178
Accounts payable (756) 459
Accrued wages and benefits 512 126
Accrued rent (51) (85)
Accrued professional fees 210 57
Accrued sales commissions 137 (10)
Customer deposits and deferred revenue 55 (118)
Domestic and foreign income taxes payable 586 549
Other current liabilities 36 23
Federal transition tax payable 436
Net cash provided by operating activities 7,242 4,288
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of business, net of cash acquired (21,962)
Purchase of property and equipment (745) (339)
Proceeds from sale of property and equipment 36
Net cash used in investing activities (22,671) (339)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchases of common stock (62) (978)
Net cash used in financing activities (62) (978)
Effects of exchange rates on cash 170 (70)
Net cash provided by (used in) all activities (15,321) 2,901
Cash and cash equivalents at beginning of period 28,611 25,710
Cash and cash equivalents at end of period 13,290 28,611
Cash payments for:    
Domestic and foreign income taxes 3,467 635
Goodwill resulting from acquisition 12,032  
Net cash paid for acquisition 21,962
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of unvested shares of restricted stock 432 369
Forfeiture of unvested shares of restricted stock (104)
Ambrell [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of business, net of cash acquired (21,962)
Cash payments for:    
Fair value of assets acquired, net of cash 22,652
Liabilities assumed (8,599)
Goodwill resulting from acquisition 12,032
Contingent consideration (4,123)
Net cash paid for acquisition $ 21,962