XML 29 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements Of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 10,372,141$ 7,745,647
Adjustments to reconcile net income to net cash provided by (used in) operating activities:  
Depreciation and amortization1,571,4231,418,065
Share-based compensation413,33239,093
Deferred income taxes973,817(474,900)
Goodwill impairment1,271,9860
Gain (loss) on sale of assets4,674(1,143)
Excess tax benefit from stock based payments(23,227) 
Changes in assets and liabilities:  
Trade receivables(3,664,939)(5,315,719)
Inventories(609,224)302,888
Prepaid income taxes(273,981)337,274
Other assets21,595(508,666)
Accounts payable(1,357,506)(421,603)
Accrued compensation and benefits(99,861)56,473
Other accrued expenses(288,821)247,625
Income taxes payable(59,368)1,552,228
Net cash provided by operating activities8,252,0414,977,262
CASH FLOWS FROM INVESTING ACTIVITIES:  
Capital expenditures(1,635,893)(1,190,886)
Purchases of investments(16,156,015)(17,110,186)
Acquisition of business, net of cash acquired(2,408,910) 
Proceeds from the sale of fixed assets8,05527,593
Proceeds from the sale of investments19,174,38510,176,299
Net cash used in investing activities(1,018,378)(8,097,180)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Cash dividends paid(3,795,989)(3,598,544)
Mortgage principal payments(296,844)(277,300)
Proceeds from issuance of common stock177,609100,337
Excess tax benefit from stock based payments23,227 
Net cash used in financing activities(3,891,997)(3,775,507)
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH(44,619)(31,841)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS3,297,047(6,927,266)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD16,787,55821,293,448
CASH AND CASH EQUIVALENTS AT END OF PERIOD20,084,60514,366,182
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:  
Income taxes paid6,996,9083,473,805
Interest paid121,615153,249
Dividends declared not paid1,269,1551,259,940
Acquisition costs in accrued expenses$ 1,681,367