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
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Net income $ 3,565 $ 2,935
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 238 228
Deferred income taxes 340 320
Share-based compensation expense 824 892
Provision for doubtful accounts receivable 105 30
Reversal of uncertain tax position liability   (78)
Changes in operating assets and liabilities:    
Accounts receivable 2,786 (7,161)
Inventory (266) (219)
Prepaid expenses and other current assets (267) (157)
Accounts payable and accrued expenses (5,779) 4,020
Net change in other assets and liabilities (2) (4)
Net cash provided by operating activities 1,544 806
Cash flows from investing activities:    
Purchases of available-for-sale securities (4,161) (5,472)
Redemptions of available-for-sale securities 4,280 6,519
Capital expenditures (199) (139)
Net cash provided by (used in) investing activities (80) 908
Cash flows from financing activities:    
Dividend paid (2,247) (2,128)
Treasury stock repurchased (1,437) (499)
Tax benefit from share- based compensation 205 23
Repayment of capital lease obligations (62) (7)
Proceeds from stock option exercises 71  
Net cash used in financing activities (3,470) (2,611)
Effect of foreign exchange rate on cash (92) 42
Net decrease in cash and cash equivalents (2,098) (855)
Cash and cash equivalents at beginning of period 10,955 8,560
Cash and cash equivalents at end of period 8,857 7,705
Supplementary disclosure of cash flow information:    
Income taxes paid 1,931 1,401
Equipment financed with capital leases   $ 247