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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 117,594 $ 106,169
Short-term investments 21,970 42,942
Accounts receivable, net 58,805 61,364
Inventories, net 57,866 51,886
Prepaid expenses and other current assets 22,989 16,304
Total current assets 279,224 278,665
Property and equipment:    
Machinery and equipment 62,937 57,063
Furniture and fixtures 7,156 6,099
Leasehold improvements 19,400 18,778
Property and equipment, at cost 89,493 81,940
Less: accumulated depreciation and amortization (57,138) (50,262)
Property and equipment, net 32,355 31,678
Goodwill 51,417 46,744
Intangible assets, net 23,313 22,279
Service and sales demonstration inventory, net 35,259 29,136
Deferred income tax assets, net 14,442 14,307
Other long-term assets 1,058 905
Total assets 437,068 423,714
Current liabilities:    
Accounts payable 12,651 11,126
Accrued liabilities 25,619 24,572
Income taxes payable 0 618
Current portion of unearned service revenues 29,358 27,422
Customer deposits 2,883 2,872
Total current liabilities 70,511 66,610
Unearned service revenues - less current portion 12,832 13,813
Deferred income tax liabilities 1,570 1,409
Other long-term liabilities 2,664 2,225
Total liabilities 87,577 84,057
Commitments and contingencies - See Note 16
Shareholders’ equity:    
Common stock - par value $.001, 50,000,000 shares authorized; 18,194,509 and 18,170,267 issued, respectively; 16,708,033 and 16,680,791 outstanding, respectively 18 18
Additional paid-in capital 216,511 212,602
Retained earnings 178,053 183,436
Accumulated other comprehensive loss (13,262) (24,561)
Common stock in treasury, at cost; 1,486,476 and 1,489,476 shares, respectively (31,829) (31,838)
Total shareholders’ equity 349,491 339,657
Total liabilities and shareholders’ equity $ 437,068 $ 423,714