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
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income $ 1,029 $ 843
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 81 79
Deferred income taxes 24 22
Provision for doubtful accounts receivable 95  
Share-based compensation expense 231 289
Changes in operating assets and liabilities:    
Accounts receivable 354 8,256
Inventory 7 (129)
Prepaid expenses and other current assets 695 (37)
Accounts payable and accrued expenses (1,341) (8,131)
Net change in other assets and liabilities 10 1
Net cash provided by operating activities 1,185 1,193
Cash flows from investing activities:    
Purchases of available-for-sale securities (680)  
Redemptions of available-for-sale securities 1,225 2,251
Capital expenditures (57) (119)
Net cash provided by investing activities 488 2,132
Cash flows from financing activities:    
Dividend paid (743) (753)
Treasury stock repurchased (113) (620)
Tax (expense) benefit from share- based compensation (39) 61
Repayment of capital lease obligations (21) (21)
Proceeds from stock option exercises   71
Net cash used in financing activities (916) (1,262)
Effect of foreign exchange rate on cash 20 71
Net increase in cash and cash equivalents 777 2,134
Cash and cash equivalents at beginning of period 9,202 10,955
Cash and cash equivalents at end of period 9,979 13,089
Supplementary disclosure of cash flow information:    
Income taxes paid $ 1,001 $ 344