Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.4.0.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
Cash and cash equivalents at the end of each period were as follows (in thousands):
 
 
March 31, 2016
 
December 31, 2015
Cash
$
41,175

 
$
47,431

Cash equivalents
58,456

 
57,483

Total cash and cash equivalents
$
99,631

 
$
104,914

Schedule of Accrued Expenses
Other accrued expenses at the end of each period were as follows (in thousands):

 
March 31, 2016
 
December 31, 2015
Sales returns
$
1,131

 
$
1,552

Employee-related
13,067

 
11,064

Warehousing, inventory-related and other
3,446

 
4,087

Total other accrued expenses
$
17,644

 
$
16,703

Available-for-sale Securities
Available-for-sale investments included in cash equivalents at the end of each period were as follows (in thousands):
 
March 31, 2016
 
December 31, 2015
 
Adjusted Cost
 
Gross Unrealized Gains
 
Fair Value
 
Adjusted Cost
 
Gross Unrealized Gains
 
Fair Value
Municipal bonds and notes
$
24,873

 
$
8

 
$
24,881

 
$
35,222

 
$
2

 
$
35,224

Corporate debt securities
1,345

 
—

 
1,345

 
5,029

 
(5
)
 
5,024

Financial institution instruments
32,230

 
—

 
32,230

 
17,235

 
—

 
17,235

Total available-for-sale investments
$
58,448

 
$
8

 
$
58,456

 
$
57,486

 
$
(3
)
 
$
57,483

Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income by component for the first three months of 2016 were as follows (in thousands):
 
Foreign Currency Translation Adjustment
 
Unrealized Gains on Available-For-Sale Investments
 
Total
Balance, December 31, 2015
$
(99
)
 
$
(2
)
 
$
(101
)
Other comprehensive income
52

 
8

 
60

Balance, March 31, 2016
$
(47
)
 
$
6

 
$
(41
)
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): 
 
Three Months Ended March 31,
 
2016
 
2015
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share Amount
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share Amount
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders
$
11,280

 
11,773

 
$
0.96

 
$
6,738

 
12,453

 
$
0.54

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Warrants to purchase common stock
—

 
—

 
 

 
—

 
66

 
 

Non-vested restricted stock
—

 
44

 
 

 
—

 
29

 
 

Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders plus assumed conversions
$
11,280

 
11,817

 
$
0.95

 
$
6,738

 
12,548

 
$
0.54