Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 1,020 $ 1,029
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 74 81
Deferred income tax expense 34 24
Provision for doubtful accounts receivable 37 95
Share-based compensation expense 271 231
Changes in operating assets and liabilities:    
Accounts receivable 16,872 354
Inventory 88 7
Prepaid expenses and other current assets 14 695
Accounts payable and accrued expenses (17,548) (1,341)
Other assets (82) 10
Net cash provided by operating activities 780 1,185
Cash flows provided by (used in) investing activities    
Purchases of available-for-sale securities (920) (680)
Redemptions of available-for-sale securities 5,342 1,225
Purchase of equipment and leasehold improvements (72) (57)
Net cash provided by investing activities 4,350 488
Cash flows from financing activities    
Dividends paid (750) (743)
Purchase of treasury stock (512) (113)
Tax benefit from share-based compensation 32 (39)
Repayment of capital lease obligations (27) (21)
Net cash used in financing activities (1,257) (916)
Effect of foreign exchange rate on cash (117) 20
Net increase in cash and cash equivalents 3,756 777
Cash and cash equivalents at beginning of period 9,835 9,202
Cash and cash equivalents at end of period 13,591 9,979
Supplementary disclosure of cash flow information:    
Income taxes paid 574 1,001
Interest paid $ 10