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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income $ 530 $ 1,013
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation 137 125
Amortization of definite-lived intangible assets 78 217
Capitalized software amortization 200 192
Amortization of deferred financing costs 3 0
Change in fair value of contingent consideration 45 146
Stock-based compensation expense 220 203
Equity gain on investment in GSE-UNIS Simulation Technology Co. Ltd. (62) (35)
Gain on derivative instruments, net (400) (588)
Changes in assets and liabilities    
Contract receivables (2,486) (3,466)
Prepaid expenses and other assets 92 336
Accounts payable, accrued compensation and accrued expenses (1,032) 361
Billings in excess of revenue earned 297 (648)
Accrued warranty reserves 196 153
Other liabilities (290) (1,053)
Net cash used in operating activities (2,472) (3,044)
Cash flows from investing activities    
Capital expenditures (350) (76)
Capitalized software development costs (269) (180)
Investment in GSE-UNIS Simulation Technology Co. Ltd. (469) 0
Acquisitions, net of cash acquired 0 (647)
Restrictions of cash as collateral under letters of credit (2) (3,519)
Releases of cash as collateral under letters of credit 305 66
Drawdown of cash collateral on Emirates Simulation Academy, LLC line of credit 0 (79)
Net cash used in investing activities (785) (4,435)
Cash flows from financing activities    
Proceeds from issuance of common stock 210 92
Treasury stock purchases (303) 0
Net cash provided by (used in) financing activities (93) 92
Effect of exchange rate changes on cash 209 263
Net decrease in cash and cash equivalents (3,141) (7,124)
Cash and cash equivalents at beginning of year 20,326 26,577
Cash and cash equivalents at end of period $ 17,185 $ 19,453