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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net income (loss) $ 2,801 $ (2,249) $ (797)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation 497 579 504
Amortization of definite-lived intangible assets 948 102 0
Capitalized software amortization 813 978 483
Amortization of deferred financing costs 2 92 46
Change in fair value of contingent consideration (322) 147 0
Stock-based compensation expense 727 883 1,019
Equity loss on investment in GSE-UNIS Simulation Technology Co. Ltd. 41 13 0
Amortization of deferred profit on Emirates Simulation Academy, LLC contract 0 0 (724)
Equity loss on investment in Emirates Simulation Academy, LLC 0 0 732
Reserve on cash collateral for Emirates Simulation Academy, LLC line of credit 0 0 1,291
(Gain) loss on derivative instruments 68 913 (763)
Changes in assets and liabilities      
Contract receivables (2,099) (903) (5,100)
Prepaid expenses and other assets (1,494) (922) 155
Accounts payable, accrued compensation and accrued expenses (855) 932 4,148
Billings in excess of revenue earned 856 1,669 (1,421)
Accrued warranty reserves 620 407 207
Other liabilities (1,035) (209) 546
Net cash provided by operating activities 1,568 2,432 326
Cash flows from investing activities      
Capital expenditures (520) (519) (361)
Capitalized software development costs (838) (903) (861)
Investment in GSE-UNIS Simulation Technology Co. Ltd. (456) (587) 0
Acquisitions, net of cash acquired (830) (549) 0
Restrictions of cash as collateral under letters of credit (5,668) 0 (2,542)
Release of cash as collateral under letters of credit 1,717 1,135 5,026
Drawdown of cash collateral on Emirates Simulation Academy, LLC line of credit (78) (294) 0
Proceeds from sale/leaseback transaction 0 377 0
Investment in Emirates Simulation Academy, LLC 0 0 (14)
Net cash provided by (used in) investing activities (6,673) (1,340) 1,248
Cash flows from financing activities      
Proceeds from issuance of common stock 143 176 15,997
Treasury stock purchases (1,649) 0 0
Payments of the liability-classified contingent consideration arrangements (167) 0 0
Release (restriction) of cash for credit facility collateral 600 0 (600)
Deferred financing costs (24) (82) (20)
Net cash provided by (used in) financing activities (1,097) 94 15,377
Effect of exchange rate changes on cash (49) 121 45
Net increase (decrease) in cash and cash equivalents (6,251) 1,307 16,996
Cash and cash equivalents at beginning of year 26,577 25,270 8,274
Cash and cash equivalents at end of period 20,326 26,577 25,270
Non-cash financing activities      
Issuance of 122,617 shares of common stock to acquire TAS Holdings Ltd. $ 0 $ 683 $ 0