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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Changes in Allowance for Doubtful Accounts

For the years ended December 31, 2016, 2015 and 2014, changes in the allowance for doubtful accounts were as follows (in thousands):

 

 

2016

 

 

2015

 

 

2014

 

Balance at beginning of year

$

500

 

 

$

282

 

 

$

575

 

Provision charged to selling, general and administrative expenses

 

135

 

 

 

285

 

 

 

30

 

Allowance resulting from acquisitions

 

15

 

 

 

5

 

 

 

52

 

Write-offs, net of recoveries of amounts previously reserved

 

(82

)

 

 

(29

)

 

 

(352

)

Divestiture of JK Lasers

 

 

 

 

(30

)

 

 

 

Exchange rate changes

 

(3

)

 

 

(13

)

 

 

(23

)

Balance at end of year

$

565

 

 

$

500

 

 

$

282

 

 

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,

 

 

2016

 

 

2015

 

 

2014

 

Revenue

$

23,526

 

 

$

25,599

 

 

$

23,013

 

Income from operations

$

5,537

 

 

$

7,362

 

 

$

7,434

 

Net income

$

5,389

 

 

$

6,925

 

 

$

6,627

 

 

Summary of Financial Information of Laser Quantum - Balance Sheet

 

December 31,

 

 

2016

 

 

2015

 

Total assets (1)

$

25,043

 

 

$

30,159

 

Total liabilities

$

1,556

 

 

$

2,552

 

 

(1)

Total assets at December 31, 2016 and 2015 included cash and cash equivalents of $15.5 million and $21.0 million, respectively.