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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 133,634 $ 108,783
Short-term investments 24,870 24,793
Accounts receivable, net 76,162 88,927
Inventories, net 58,554 65,444
Prepaid expenses and other current assets 28,996 28,795
Total current assets 322,216 316,742
Non-current assets:    
Plant and equipment, net 26,954 30,417
Operating lease right-of-use asset 18,418  
Goodwill 49,704 67,274
Intangible assets, net 14,471 33,054
Service and sales demonstration inventory, net 33,349 39,563
Deferred income tax assets, net 18,766 14,719
Other long-term assets 2,964 4,475
Total assets 486,842 506,244
Current liabilities:    
Accounts payable 13,718 20,093
Accrued liabilities 38,072 36,327
Income taxes payable 5,182 5,081
Current portion of unearned service revenues 39,211 32,878
Customer deposits 3,108 3,144
Lease liability 6,674  
Total current liabilities 105,965 97,523
Unearned service revenues - less current portion 20,578 15,505
Lease liability - less current portion 13,698  
Deferred income tax liabilities 357 736
Income taxes payable - less current portion 13,177 12,247
Other long-term liabilities 1,075 3,624
Total liabilities 154,850 129,635
Commitments and contingencies
Shareholders’ equity:    
Preferred stock - par value $0.01, 10,000,000 shares authorized; none issued 0 0
Common stock - par value $0.001, 50,000,000 shares authorized; 18,988,379, 18,676,059 issued; 17,576,618 and 17,253,011 outstanding, respectively 19 19
Additional paid-in capital 267,868 251,329
Retained earnings 112,879 175,353
Accumulated other comprehensive loss (17,399) (18,483)
Common stock in treasury, at cost - 1,411,761 shares and 1,423,048, respectively (31,375) (31,609)
Total shareholders’ equity 331,992 376,609
Total liabilities and shareholders’ equity $ 486,842 $ 506,244