Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 28,066 $ 36,038
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 414 276
Stock-based compensation 26 94
Cumulative Translation Adjustment Realized In Net Income (258) 132
Changes in assets and liabilities:    
Inventories 590 (4,382)
Other current assets 1,164 (1,244)
Other assets (61) (91)
Accounts payable (1,121) 252
Income taxes payable 392 278
Accrued commissions (3,143) (1,045)
Other accrued expenses (5,064) 3,459
Deferred revenue (1,364) 222
Amounts held in eWallets (2,856) 3,098
Other current liabilities 51 26
Long-term incentive (1,498) (825)
Net cash provided by operating activities 15,338 36,288
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (238) (679)
Net cash used in investing activities (238) (679)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock 0 (23,704)
Dividends paid (14,157) (2,049)
Net cash used in financing activities (14,157) (25,753)
Effect of exchange rates on cash and cash equivalents 89 (270)
Net increase in cash and cash equivalents 1,032 9,586
CASH AND CASH EQUIVALENTS, beginning of period 125,921 104,914
CASH AND CASH EQUIVALENTS, end of period 126,953 114,500
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Income Taxes Paid 5,690 7,994
Issuance of treasury stock for employee awards, net $ 1,393 $ 1,741