XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 1,312,000 $ 11,562,000 $ (2,089,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,285,000 2,086,000 1,968,000
Provision for (recovery of) doubtful accounts (48,000) 24,000 (44,000)
Deferred taxes (297,000) (5,269,000) 38,000
Foreign currency transaction losses (gains) 115,000 (341,000) (225,000)
Stock-based compensation 895,000 863,000 511,000
Changes in operating assets and liabilities:      
Accounts receivable 171,000 (2,769,000) (161,000)
Inventories (3,163,000) 1,029,000 (2,489,000)
Other assets (31,000) (346,000) (24,000)
Accounts payable (2,100,000) 550,000 1,146,000
Advance customer payments 62,000 (153,000) (9,000)
Accrued expenses (1,627,000) 1,888,000 (1,011,000)
Net cash provided by (used in) operating activities (2,426,000) 9,124,000 (2,389,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from maturities of available-for-sale marketable securities 6,931,000 4,690,000 5,167,000
Proceeds from sales of available-for-sale marketable securities 0 1,502,000 1,518,000
Purchases of available-for-sale marketable securities (7,475,000) (8,127,000) (4,934,000)
Additions to equipment and leasehold improvements (1,226,000) (1,363,000) (691,000)
Additions to patents (120,000) (71,000) (106,000)
Net cash provided by (used in) investing activities (1,890,000) (3,369,000) 954,000
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 378,000 474,000 458,000
Tax payments related to shares withheld for share-based compensation plans (35,000) (9,000) 0
Common stock repurchases (240,000) 0 0
Proceeds from issuance of common stock under employee stock purchase plan 258,000 181,000 178,000
Net cash provided by financing activities 361,000 646,000 636,000
CASH FLOWS FROM FINANCING ACTIVITIES:      
Effects of exchange rate changes on cash and cash equivalents 259,000 (35,000) (98,000)
Net increase (decrease) in cash and cash equivalents (3,696,000) 6,366,000 (897,000)
Cash and cash equivalents – beginning of period 10,640,000 4,274,000 5,171,000
Cash and cash equivalents – end of period $ 6,944,000 $ 10,640,000 $ 4,274,000