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, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income $ 3,686 $ 3,565
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 233 238
Deferred income taxes 26 340
Provision for doubtful accounts receivable 145 105
Share-based compensation expense 743 824
Changes in operating assets and liabilities:    
Accounts receivable (3,267) 2,786
Inventory (268) (266)
Prepaid expenses and other current assets 885 (267)
Accounts payable and accrued expenses 923 (5,779)
Net change in other assets and liabilities (21) (2)
Net cash provided by operating activities 3,085 1,544
Cash flows from investing activities:    
Purchases of available-for-sale securities (5,575) (4,161)
Redemptions of available-for-sale securities 6,373 4,280
Capital expenditures (105) (199)
Net cash provided by (used in) investing activities 693 (80)
Cash flows from financing activities:    
Dividend paid (2,239) (2,247)
Treasury stock repurchased (641) (1,437)
Tax benefit from share-based compensation 171 205
Repayment of capital lease obligations (55) (62)
Proceeds from stock option exercises 430 71
Net cash used in financing activities (2,334) (3,470)
Effect of foreign exchange rate on cash 99 (92)
Net (decrease) increase in cash and cash equivalents 1,543 (2,098)
Cash and cash equivalents at beginning of period 9,202 10,955
Cash and cash equivalents at end of period 10,745 8,857
Supplementary disclosure of cash flow information:    
Income taxes paid $ 2,598 $ 1,931