XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 12,604 $ 7,851
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,102 1,962
Stock-based compensation 1,257 959
Fair value adjustment to contingent consideration obligations 42  
Provision for doubtful accounts 146 104
Provision for inventory write-downs 170 184
Gain on divestitures (5,876)  
Foreign currency transaction loss 96 (20)
Changes in operating assets and liabilities:    
Accounts receivable (552) (1,067)
Inventory and other deferred costs (1,306) (767)
Prepaid expenses and other assets 26 (756)
Accounts payable and other liabilities (82) (550)
Net cash provided by operating activities 8,627 7,900
Investing activities    
Purchases of property and equipment and other assets (1,230) (2,444)
Purchases of short-term marketable securities (10,757)  
Proceeds from divestiture 7,400  
Net cash used in investing activities (4,587) (2,444)
Financing activities    
Payments of deferred acquisition consideration (1,142) (388)
Proceeds from issuance of common stock 738 2,301
Purchase of treasury stock (5)  
Common stock cash dividend paid (2,704) (2,065)
Net cash provided by financing activities (3,113) (152)
Effect of exchange rate changes on cash and cash equivalents (385) 528
Net increase in cash and cash equivalents 542 5,832
Cash and cash equivalents at beginning of period 19,096 24,288
Cash and cash equivalents at end of period $ 19,638 $ 30,120