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
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 17,847 $ 20,728
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 235 276
Stock-based compensation 0 17
Cumulative Translation Adjustment Realized In Net Income 0 (258)
Changes in assets and liabilities:    
Inventories (2,057) 1,388
Other current assets 1,955 489
Other assets (73) (58)
Accounts payable 1,246 226
Income taxes payable (1,705) 4,304
Accrued commissions (707) (915)
Other accrued expenses 1,119 (3,229)
Deferred revenue (592) (939)
Amounts held in eWallets (192) (327)
Other current liabilities (24) (24)
Long-term incentive (562) (1,049)
Net cash provided by operating activities 16,490 20,629
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (113) (170)
Net cash used in investing activities (113) (170)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (23,093) (10,078)
Net cash used in financing activities (23,093) (10,078)
Effect of exchange rates on cash, cash equivalents and restricted cash (381) (41)
Net (decrease) increase in cash, cash equivalents and restricted cash (7,097) 10,340
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 138,478 128,884
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 131,381 139,224
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Issuance of treasury stock for employee awards, net $ 554 $ 1,393