Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

The activity in the accrued warranty accounts is as follows:

(in thousands)	As of and for the
	years ended December 31,
	2017		2016

Beginning balance	$	1,478	$	1,614
Current year provision		707		355
Current year claims		(245)		(467)
Currency adjustment		13		(24)
Ending balance	$	1,953	$	1,478

Schedule of Earnings Per Share, Basic and Diluted

The number of common shares and common share equivalents used in the determination of basic and diluted earnings per share were as follows:

(in thousands, except for per share data)	Years ended December 31,
	2017		2016
Numerator:
Net income	$	5,384	$	1,422

Denominator:
Weighted-average shares outstanding for basic earnings per share		19,259,966		18,218,681

Effect of dilutive securities:
Stock options and restricted stock units		345,461		293,585

Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		19,605,427		18,512,266

Shares related to dilutive securities excluded because inclusion would be anti-dilutive		374,833		677,964

Schedule of Foreign Exchange Contracts, Statement of Financial Position

As of December 31, 2017, the Company had foreign exchange contracts outstanding of approximately 162.5 million Japanese Yen, 0.2 million Australian Dollars, and 24,000 Euro. At December 31, 2016, the Company had foreign exchange contracts outstanding of approximately 281.4 million Japanese Yen, 0.6 million Australian Dollars, 0.5 million Canadian Dollars, and 0.1 million Euro at fixed rates. The contracts expire on various dates through December 2018. The Company had not designated the foreign exchange contracts as hedges and had recorded the estimated fair value of the contracts in the consolidated balance sheet as follows:

	December 31,
(in thousands)	2017		2016

Asset derivatives
Prepaid expenses and other current assets	$	201	$	57
Other assets		-		84
		201		141

Liability derivatives
Other current liabilities		-		(20)
		-		(20)

Net fair value	$	201	$	121

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

For the years ended December 31, 2017 and 2016, the Company recognized a gain (loss) on its derivative instruments net as outlined below:

Years ended December 31,

(in thousands)

Foreign exchange contracts- change in fair value

Remeasurement of related contract receivables and billings in excess of revenue earned