Natural Health Trends Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Nature of Operations and Summary of Significant Accounting Policies (Tables)

Nature of Operations and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Cash and cash equivalents at the end of each period were as follows (in thousands):



	December 31, 2015		December 31, 2014
Cash	$	47,431	$	37,314
Cash equivalents	57,483		7,502
Total cash and cash equivalents	$	104,914	$	44,816

Schedule of Earnings Per Share, Basic and Diluted

The following table illustrates the computation of basic and diluted income per share for the periods indicated (in thousands, except per share data):



	Year Ended December 31,
	2015					2014
	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount
Basic EPS:
Net income available to common stockholders	$	47,241				$	20,360
Less: undistributed earnings to participating securities	—					(127		)
Net income allocated to common stockholders	$	47,241	12,302	$	3.84	$	20,233		12,131	$	1.67
Effect of dilutive securities:
Warrants to purchase common stock	—		21			—			421
Non-vested restricted stock	—		49			—			48
Plus: reallocation of undistributed earnings to participating securities	—					5
Diluted EPS:
Net income allocated to common stockholders plus assumed conversions	$	47,241	12,372	$	3.82	$	20,238		12,600	$	1.61

Available-for-sale Securities

Available-for-sale investments included in cash equivalents at the end of each period were as follows (in thousands):



	December 31, 2015							December 31, 2014
	Adjusted Cost		Gross Unrealized Gains/Losses			Fair Value		Adjusted Cost		Gross Unrealized Gains/Losses		Fair Value
Municipal bonds and notes	$	35,222	$	2		$	35,224	$	—	$	—	$	—
Corporate debt securities	5,029		(5		)	5,024		—		—		—
Financial institution instruments	17,235		—			17,235		7,502		—		7,502
Total available-for-sale investments	$	57,486	$	(3	)	$	57,483	$	7,502	$	—	$	7,502

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details