Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 3,911 $ 3,890
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 167 213
Deferred income (benefit) tax expense (52) 34
Provision for doubtful accounts receivable 43 157
Share-based compensation expense 853 830
Changes in operating assets and liabilities:    
Accounts receivable (1,080) 15,044
Inventory (99) 507
Prepaid expenses and other current assets 1,266 (311)
Accounts payable and accrued expenses (8,262) (15,941)
Other assets (8) (88)
Net cash (used in) provided by operating activities (3,261) 4,335
Cash flows from investing activities    
Purchases of available-for-sale securities   (920)
Redemptions of available-for-sale securities   5,342
Purchase of equipment and leasehold improvements (197) (141)
Net cash (used in) provided by investing activities (197) 4,281
Cash flows from financing activities    
Dividends paid (2,407) (2,233)
Purchase of treasury stock (456) (1,782)
Tax benefit from share-based compensation 713 125
Repayment of capital lease obligations   (55)
Proceeds from stock option exercises 1,791 201
Net cash (used in) financing activities (359) (3,744)
Effect of foreign exchange rate on cash (186) 36
Net (decrease) increase in cash and cash equivalents (4,003) 4,908
Cash and cash equivalents at beginning of period 19,609 9,835
Cash and cash equivalents at end of period 15,606 14,743
Supplementary disclosure of cash flow information:    
Income taxes paid 1,693 2,746
Interest paid   $ 10