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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Changes in Allowance for Doubtful Accounts

For the years ended December 31, 2015, 2014 and 2013, changes in the allowance for doubtful accounts were as follows (in thousands):

 

 

2015

 

 

2014

 

 

2013

 

Balance at beginning of year

$

282

 

 

$

575

 

 

$

294

 

Provision charged to selling, general and administrative expenses

 

285

 

 

 

30

 

 

 

301

 

Allowance resulting from acquisitions

 

5

 

 

 

52

 

 

 

117

 

Write-offs, net of recoveries of amounts previously reserved

 

(29

)

 

 

(352

)

 

 

(159

)

Divestiture of JK Lasers

 

(30

)

 

 

 

 

 

 

Exchange rate changes

 

(13

)

 

 

(23

)

 

 

22

 

Balance at end of year

$

500

 

 

$

282

 

 

$

575

 

 

 

Laser Quantum  
Summary of Financial Information of Laser Quantum - Income Statement

The summarized financial information for Laser Quantum is as follows (in thousands):

 

 

Year Ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

Revenue

$

25,599

 

 

$

23,013

 

 

$

16,269

 

Income from operations

$

7,362

 

 

$

7,434

 

 

$

4,720

 

Net income

$

6,925

 

 

$

6,627

 

 

$

3,745

 

 

 

Summary of Financial Information of Laser Quantum - Balance Sheet

 

 

December 31,

 

 

2015

 

 

2014

 

Total assets (1)

$

30,159

 

 

$

25,423

 

Total liabilities

$

2,552

 

 

$

2,482

 

 

 

(1)

Total assets at December 31, 2015 and 2014 included cash and cash equivalent of $21.0 million and $17.1 million, respectively.