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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings (loss) $ 662 $ 2,817
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 1,282 1,176
Provision for excess and obsolete inventory 176 135
Foreign exchange gain (28) (18)
Amortization of deferred compensation related to stock-based awards 349 474
Discount on shares sold under Employee Stock Purchase Plan (8) (8)
Proceeds from sale of demonstration equipment, net of gain 19 6
Deferred income tax expense (benefit) 226 (404)
Changes in assets and liabilities:    
Trade accounts receivable (982) 291
Inventories (396) (2,038)
Prepaid expenses and other current assets 508 (740)
Other assets (22) 2
Operating lease liabilities (447) (423)
Accounts payable 1,311 403
Accrued wages and benefits 939 (654)
Accrued professional fees (342) (142)
Customer deposits and deferred revenue (782) 921
Accrued sales commissions 66 (221)
Domestic and foreign income taxes payable (406) 864
Other current liabilities 70 43
Deferred revenue, net of current portion (121) 0
Other liabilities (15) (16)
Net cash provided by operating activities 2,075 2,484
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of business, net of cash acquired (18,904) 0
Purchase of property and equipment (340) (334)
Net cash used in investing activities (19,244) (334)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 273 0
Repayments of long-term borrowings (1,181) (1,025)
Proceeds from shares sold under Employee Stock Purchase Plan 46 40
Proceeds from stock options exercised 18 165
Settlement of employee tax liabilities in connection with treasury stock transaction (30) (33)
Net cash used in financing activities (874) (853)
Effects of exchange rates on cash 114 71
Net cash provided by (used in) all activities (17,929) 1,368
Cash, cash equivalents and restricted cash at beginning of period 45,260 14,576
Cash, cash equivalents and restricted cash at end of period 27,331 15,944
Cash payments for:    
Domestic and foreign income taxes 101 118
Details of acquisition:    
Fair value of assets acquired, net of cash 33,750  
Liabilities assumed (24,004)  
Stock issued (2,086)  
Cash holdback pending final working capital adjustment (552)  
Goodwill resulting from acquisition 11,796  
Net cash paid for acquisition $ 18,904 $ (0)