Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,824 $ 10,425
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131 136
Stock-based compensation 0 9
Cumulative Translation Adjustment Realized In Net Income 0 (258)
Changes in assets and liabilities:    
Inventories 473 2,091
Other current assets 1,548 1,419
Other assets (5) (62)
Accounts payable 920 (61)
Income taxes payable (275) 1,798
Accrued commissions (1,119) (428)
Other accrued expenses 1,483 (1,555)
Deferred revenue (333) (647)
Amounts held in eWallets (466) 1,138
Other current liabilities 272 314
Long-term incentive (308) (508)
Net cash provided by operating activities 11,145 13,811
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (17) (72)
Net cash used in investing activities (17) (72)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (1,479) (4,981)
Net cash used in financing activities (1,479) (4,981)
Effect of exchange rates on cash, cash equivalents and restricted cash 247 22
Net increase in cash, cash equivalents and restricted cash 9,896 8,780
Cash 148,374 137,664
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 145,095  
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Issuance of treasury stock for employee awards, net $ 554 $ 1,393