Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 843 $ (5,611)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 410 387
Noncash lease expense 1,532 1,760
Deferred income taxes 1,339 (820)
Goodwill, Impairment Loss 0 1,764
Changes in assets and liabilities:    
Inventories 2,700 5,820
Other current assets 2,322 (554)
Other assets 181 0
Accounts payable (102) (953)
Income taxes payable (311) (1,731)
Accrued commissions 566 (9,598)
Other accrued expenses (471) (2,797)
Deferred revenue (1,433) (2,315)
Amounts held in eWallets (4,491) (1,742)
Operating lease liabilities (1,427) (1,807)
Other current liabilities 227 (108)
Long-term incentive 0 (333)
Net cash provided by (used in) operating activities 1,885 (18,638)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (211) (189)
Net cash used in investing activities (211) (189)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock 0 (10,117)
Dividends paid (9,138) (7,344)
Net cash used in financing activities (9,138) (17,461)
Effect of exchange rates on cash, cash equivalents and restricted cash 931 62
Net decrease in cash, cash equivalents and restricted cash (6,533) (36,226)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 99,425 135,651
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 92,892 99,425
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Cash paid (refunded) for income taxes, net (2,097) 1,985
Issuance of treasury stock for employee awards, net 0 8,289
Right-of-use assets obtained in exchange for operating lease liabilities $ 2,747 $ 5,082