Stockholders' Equity

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Stockholders' Equity

NOTE 11 - STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Loss

Comprehensive loss includes net loss and unrealized gains or losses on available-for-sale investments and foreign currency translation gains and losses. Cumulative unrealized gains and losses on available-for-sale investments are reflected as accumulated other comprehensive loss in stockholders’ equity on the Company’s Condensed Consolidated Balance Sheets.

The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2016 are as follows:

				Unrealized			Accumulated
	Foreign			gain (losses)			other
	currency			on			comprehensive
	items			investments			income
Balance at January 1, 2016	$	(500,000	)	$	—	$	$(500,000)
Net current period change		180,000			8,000		188,000
Balance at September 30, 2016	$	(320,000	)	$	8,000	$	(312,000)

The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2015 are as follows:

				Unrealized			Accumulated
	Foreign			gain (losses)			other
	currency			on			comprehensive
	items			investments			income
Balance at January 1, 2015	$	(360,000	)	$	(15,000	)	$	(375,000	)
Net current period change		—			24,000			24,000
Balance at September 30, 2015	$	(360,000	)	$	9,000		$	(351,000	)

Income and expense accounts of foreign operations are translated at actual or weighted-average exchange rates during the period. Assets and liabilities of foreign operations that operate in a local currency environment are translated to U.S. dollars at the exchange rates in effect at the balance sheet date. Translation gains or losses are reported as components of accumulated other comprehensive income or loss in consolidated stockholders’ equity. Net translation gains or losses resulting from the translation of foreign financial statements and the effect of exchange rate changes on intercompany transactions of a long-term investment nature with IDS GmbH resulted in translation (losses) gains of $-0- and $180,000 for the nine-month periods ended September 30, 2015 and 2016, respectively, which are included in comprehensive loss in the Consolidated Statement of Changes in Stockholders’ Equity. Effective December 1, 2015, the intercompany transactions with IDS GmbH are not considered of a long-term investment nature and the effect of the exchange rate changes on the intercompany transactions are included in selling, general and administrative expenses in the Condensed Consolidated Statement of Operations.

Gains and losses resulting from foreign currency transactions are included in determining net income or loss. Foreign currency transactions gains (losses) for the three- and nine-month periods ended September 30, 2015 of $(2,000) and $(56,000), respectively, and for the three- and nine-month periods ended September 30, 2016 of $(41,000) and $(164,000) respectively, are included in selling, general and administrative expenses in the Condensed Consolidated Statement of Operations.

Shares Withheld

During the nine-month periods ended September 30, 2015 and 2016, 75,000 and 61,000 shares, respectively, of the Company’s common stock were withheld to satisfy minimum tax withholding obligations in connection with the vesting of restricted shares and to pay the exercise price of stock options in the aggregate amount of $455,000 and $293,000, respectively.