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
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net income $ 2,071 $ 1,678
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 157 151
Deferred income taxes 64 204
Share-based compensation expense 589 596
Provision for doubtful accounts receivable 105  
Reversal of uncertain tax position liability   (78)
Changes in operating assets and liabilities:    
Accounts receivable 4,513 (2,364)
Inventory (180) (349)
Prepaid expenses and other current assets (126) (162)
Accounts payable and accrued expenses (7,181) 3,545
Net change in other assets and liabilities (3) (2)
Net cash provided by operating activities 9 3,219
Cash flows from investing activities:    
Purchases of available-for-sale securities   (4,509)
Redemptions of available-for-sale securities 3,137 4,242
Capital expenditures (124) (131)
Net cash provided by (used in) investing activities 3,013 (398)
Cash flows from financing activities:    
Dividend paid (1,503) (1,420)
Treasury stock repurchased (1,072) (354)
Tax benefit from share- based compensation 188 11
Repayment of capital lease obligations (41)  
Proceeds from stock option exercises 71  
Net cash used in financing activities (2,357) (1,763)
Effect of foreign exchange rate on cash 47 (7)
Net increase in cash and cash equivalents 712 1,051
Cash and cash equivalents at beginning of period 10,955 8,560
Cash and cash equivalents at end of period 11,667 9,611
Supplementary disclosure of cash flow information:    
Income taxes paid $ 1,231 $ 814