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
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income $ 2,333 $ 2,071
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 163 157
Deferred income taxes (18) 64
Provision for doubtful accounts receivable 95 105
Share-based compensation expense 463 589
Changes in operating assets and liabilities:    
Accounts receivable (4,077) 4,513
Inventory (67) (180)
Prepaid expenses and other current assets 740 (126)
Accounts payable and accrued expenses (18) (7,181)
Net change in other assets and liabilities (21) (3)
Net cash (used in) provided by operating activities (407) 9
Cash flows from investing activities:    
Purchases of available-for-sale securities (2,886)  
Redemptions of available-for-sale securities 2,695 3,137
Capital expenditures (73) (124)
Net cash (used in) provided by investing activities (264) 3,013
Cash flows from financing activities:    
Dividend paid (1,486) (1,503)
Treasury stock repurchased (277) (1,072)
Tax benefit from share-based compensation 112 188
Repayment of capital lease obligations (34) (41)
Proceeds from stock option exercises 409 71
Net cash used in financing activities (1,276) (2,357)
Effect of foreign exchange rate on cash (18) 47
Net (decrease) increase in cash and cash equivalents (1,965) 712
Cash and cash equivalents at beginning of period 9,202 10,955
Cash and cash equivalents at end of period 7,237 11,667
Supplementary disclosure of cash flow information:    
Income taxes paid $ 1,960 $ 1,231