Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 3,890 $ 3,686
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 213 233
Deferred income tax expense 34 26
Provision for doubtful accounts receivable 157 145
Share-based compensation expense 830 743
Changes in operating assets and liabilities:    
Accounts receivable 15,044 (3,267)
Inventory 507 (268)
Prepaid expenses and other current assets (311) 885
Accounts payable and accrued expenses (15,941) 923
Other assets (88) (21)
Net cash provided by operating activities 4,335 3,085
Cash flows provided by investing activities    
Purchases of available-for-sale securities (920) (5,575)
Redemptions of available-for-sale securities 5,342 6,373
Purchase of equipment and leasehold improvements (141) (105)
Net cash provided by investing activities 4,281 693
Cash flows from financing activities    
Dividends paid (2,233) (2,239)
Purchase of treasury stock (1,782) (641)
Tax benefit from share-based compensation 125 171
Repayment of capital lease obligations (55) (55)
Proceeds from stock option exercises 201 430
Net cash used in financing activities (3,744) (2,334)
Effect of foreign exchange rate on cash 36 99
Net increase in cash and cash equivalents 4,908 1,543
Cash and cash equivalents at beginning of period 9,835 9,202
Cash and cash equivalents at end of period 14,743 10,745
Supplementary disclosure of cash flow information:    
Income taxes paid 2,476 2,598
Interest paid $ 10