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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 2,001,974 $ 5,450,918 $ 4,518,384
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 464,670 388,904 261,859
Change in fair value of derivative instrument (209,370)    
(Gain) loss on disposition of long-term assets (52,024) 7,029 11,627
Depreciation and amortization 1,949,782 616,451 544,341
Deferred income taxes (549,049) (173,311) (234,390)
Excess tax benefit from employee stock plans (98,210) (208,067) (101,830)
Changes in operating assets and liabilities net of effects from purchase of Dansensor:      
Trade accounts receivable (3,125,064) 967,666 (1,158,951)
Other receivables 297,177 349,008 (356,793)
Inventories 1,047,460 (356,138) 72,314
Prepaid income taxes (158,081) 159,341 22,680
Prepaid expenses (271,079) (97,577) (61,135)
Accounts payable 693,916 63,000 609,985
Compensation and related expenses (269,619) 226,124 632,832
Other accrued expenses (24,624) 74,854 167,022
Accrued product warranties (55,160) (10,000) 12,207
Accrued income taxes (365,304) 513,614 147,113
Deferred revenue (756,277) 133,372 138,506
Net cash provided by operating activities 521,118 8,105,188 5,225,771
Cash flows from investing activities:      
Purchases of marketable securities (365,000) (5,841,312) (4,897,036)
Proceeds from maturities of marketable securities 4,763,333 1,182,707 4,389,594
Purchases of property, plant and equipment (1,637,653) (882,061) (1,645,628)
Cash paid for investment in affiliated company     (3,633,909)
Payment for purchase of Dansensor, net of cash acquired (12,764,429)    
Proceeds from sale of property and equipment 171,917 713 7,590
Cash paid for patent and trademark registrations (255,916) (230,163) (120,659)
Other (3,104) (2,769) (3,521)
Net cash used in investing activities (10,090,852) (5,772,885) (5,903,569)
Cash flows from financing activities:      
Proceeds from the revolving line of credit 7,452,850    
Payments on the revolving line of credit (2,200,000)    
Proceeds from term note payable 3,500,000    
Payments on term note payable and seller financed note payable (3,550,768)    
Payment of debt issuance costs (45,118)    
Proceeds from the exercise of stock options 421,680 1,260,598 454,124
Excess tax benefit from employee stock plans 98,210 208,067 101,830
Dividends paid (2,271,896) (2,104,739) (1,952,872)
Net cash provided by (used in) financing activities 3,404,958 (636,074) (1,396,918)
Effect of exchange rate changes on cash and cash equivalents 154,346 (225,631) (363,163)
Net increase (decrease) in cash and cash equivalents (6,010,430) 1,470,598 (2,437,879)
Cash and cash equivalents:      
Beginning of year 8,425,846 6,955,248 9,393,127
End of year 2,415,416 8,425,846 6,955,248
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes 1,586,154 2,371,164 2,009,582
Cash paid during the year for interest 261,211 7,191  
Supplemental schedule of noncash investing and financing activities:      
Dividends accrued 579,386 543,881 500,235
Purchases of fixed assets and intangibles in accounts payable 188,800 923 28,162
Assets acquired under capital lease 57,379    
Seller financed note payable for the acquisition of Dansensor 6,484,413    
The Company purchased all of the common shares of Dansensor for $20,081,600 on April 2, 2012. The reconciliation of cash paid and liabilities assumed is as follows:      
Fair value of assets acquired 26,938,817    
Liabilities assumed (6,857,217)    
Net acquired assets 20,081,600    
Seller financed note payable (6,484,413)    
Cash acquired (832,758)    
Payment for purchase of Dansensor, net of cash acquired and seller financed note payable $ 12,764,429