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, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 2,542 $ 2,560
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 114 150
Deferred income (benefit) tax expense (18) 14
Provision for doubtful accounts receivable   112
Share-based compensation expense 575 551
Changes in operating assets and liabilities:    
Accounts receivable 2,834 10,603
Inventory 94 (30)
Prepaid expenses and other current assets 1,142 (240)
Accounts payable and accrued expenses (12,493) (12,910)
Other assets (5) (82)
Net cash (used in) provided by operating activities (5,215) 728
Cash flows provided by (used in) investing activities    
Purchases of available-for-sale securities   (920)
Redemptions of available-for-sale securities   5,342
Purchase of equipment and leasehold improvements (116) (146)
Net cash (used in) provided by investing activities (116) 4,276
Cash flows from financing activities    
Dividends paid (1,592) (1,493)
Purchase of treasury stock (315) (1,211)
Tax benefit from share-based compensation 664 57
Repayment of capital lease obligations   (41)
Proceeds from stock option exercises 1,791  
Net cash provided by (used in) financing activities 548 (2,688)
Effect of foreign exchange rate on cash (110) (130)
Net (decrease) increase in cash and cash equivalents (4,893) 2,186
Cash and cash equivalents at beginning of period 19,609 9,835
Cash and cash equivalents at end of period 14,716 12,021
Supplementary disclosure of cash flow information:    
Income taxes paid 1,414 1,593
Interest paid   $ 10