XML 55 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 19,918us-gaap_NetIncomeLoss $ 18,244us-gaap_NetIncomeLoss $ 14,738us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,317us-gaap_DepreciationDepletionAndAmortization 5,131us-gaap_DepreciationDepletionAndAmortization 6,519us-gaap_DepreciationDepletionAndAmortization
Loss (gain) on write-down / disposal of property and equipment, net 17us-gaap_GainLossOnDispositionOfAssets (27)us-gaap_GainLossOnDispositionOfAssets 161us-gaap_GainLossOnDispositionOfAssets
Loss on disposal of intangibles 215us-gaap_GainLossOnDispositionOfIntangibleAssets 168us-gaap_GainLossOnDispositionOfIntangibleAssets 195us-gaap_GainLossOnDispositionOfIntangibleAssets
Bond premium amortization 957us-gaap_AmortizationOfDebtDiscountPremium 289us-gaap_AmortizationOfDebtDiscountPremium 29us-gaap_AmortizationOfDebtDiscountPremium
Provision (recovery) for doubtful accounts 142us-gaap_ProvisionForDoubtfulAccounts 24us-gaap_ProvisionForDoubtfulAccounts (242)us-gaap_ProvisionForDoubtfulAccounts
Provision for excess and obsolete inventory 2,157tasr_ProvisionForExcessAndObsoleteInventory 595tasr_ProvisionForExcessAndObsoleteInventory 554tasr_ProvisionForExcessAndObsoleteInventory
Provision for warranty 396us-gaap_StandardProductWarrantyAccrualPreexistingIncreaseDecrease 1,001us-gaap_StandardProductWarrantyAccrualPreexistingIncreaseDecrease 527us-gaap_StandardProductWarrantyAccrualPreexistingIncreaseDecrease
Stock-based compensation 5,579us-gaap_ShareBasedCompensation 4,340us-gaap_ShareBasedCompensation 3,422us-gaap_ShareBasedCompensation
Deferred income taxes 3,598us-gaap_DeferredIncomeTaxExpenseBenefit 621us-gaap_DeferredIncomeTaxExpenseBenefit 1,683us-gaap_DeferredIncomeTaxExpenseBenefit
Unrecognized tax benefits 202tasr_ProvisionForUnrecognizedTaxBenefits 219tasr_ProvisionForUnrecognizedTaxBenefits 920tasr_ProvisionForUnrecognizedTaxBenefits
Excess tax benefit from stock-based compensation (7,985)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (6,797)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (4,713)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Change in assets and liabilities:      
Accounts and notes receivable (8,389)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (4,411)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (6,080)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable
Inventory (9,371)us-gaap_IncreaseDecreaseInInventories (711)us-gaap_IncreaseDecreaseInInventories (62)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (1,080)tasr_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets (569)tasr_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets 177tasr_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
Accounts payable, accrued and other liabilities 9,456us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 5,559us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 4,433us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue 15,469us-gaap_IncreaseDecreaseInDeferredRevenue 8,096us-gaap_IncreaseDecreaseInDeferredRevenue 4,169us-gaap_IncreaseDecreaseInDeferredRevenue
Customer deposits (166)us-gaap_IncreaseDecreaseInCustomerDeposits 654us-gaap_IncreaseDecreaseInCustomerDeposits 87us-gaap_IncreaseDecreaseInCustomerDeposits
Net cash provided by operating activities 35,432us-gaap_NetCashProvidedByUsedInOperatingActivities 32,426us-gaap_NetCashProvidedByUsedInOperatingActivities 26,517us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Purchases of investments (32,900)us-gaap_PaymentsToAcquireInvestments (29,112)us-gaap_PaymentsToAcquireInvestments (6,242)us-gaap_PaymentsToAcquireInvestments
Proceeds from call / maturity of investments 10,997us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 9,380us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 9,640us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Purchases of property and equipment (2,505)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,783)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,334)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposal of fixed assets 10us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 34us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 46us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchases of intangible assets (183)us-gaap_PaymentsToAcquireIntangibleAssets (323)us-gaap_PaymentsToAcquireIntangibleAssets (429)us-gaap_PaymentsToAcquireIntangibleAssets
Business acquisition, net of cash acquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (1,258)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired  
Net cash (used in) provided by investing activities (24,581)us-gaap_NetCashProvidedByUsedInInvestingActivities (23,062)us-gaap_NetCashProvidedByUsedInInvestingActivities 1,681us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Repurchase of common stock (22,442)us-gaap_PaymentsForRepurchaseOfCommonStock (25,000)us-gaap_PaymentsForRepurchaseOfCommonStock (19,996)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from options exercised 11,000us-gaap_ProceedsFromStockOptionsExercised 15,357us-gaap_ProceedsFromStockOptionsExercised 1,929us-gaap_ProceedsFromStockOptionsExercised
Payroll tax payments for net-settled stock awards (1,347)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (309)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation  
Payments on capital lease obligation (36)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (34)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (9)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Excess tax benefit from stock-based compensation 7,985us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 6,797us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 4,713us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash used in financing activities (4,840)us-gaap_NetCashProvidedByUsedInFinancingActivities (3,189)us-gaap_NetCashProvidedByUsedInFinancingActivities (13,363)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents 85us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (31)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (9)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase in cash and cash equivalents 6,096us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,144us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 14,826us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 42,271us-gaap_CashAndCashEquivalentsAtCarryingValue 36,127us-gaap_CashAndCashEquivalentsAtCarryingValue 21,301us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year $ 48,367us-gaap_CashAndCashEquivalentsAtCarryingValue $ 42,271us-gaap_CashAndCashEquivalentsAtCarryingValue $ 36,127us-gaap_CashAndCashEquivalentsAtCarryingValue