Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 17,601 $ (1,233) $ 6,115
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Write-off of cumulative translation adjustments   7,364  
Provision for doubtful accounts (133) 213 219
Depreciation and amortization 4,362 4,254 4,501
Share-based compensation expense 3,478 437 478
Loss on sale of property and equipment 224 138 142
Deferred income taxes (5,073) 2,128 (3,968)
Loss on restricted cash   747  
Amortization of bond discount 9 22 28
Purchase of trading investment securities (102) (177) (267)
Proceeds from sale of trading investment securities 438 313 91
Realized and unrealized gains (44) (165) (182)
Amortization of prepaid taxes related to gain on intercompany sales   1,353 1,127
Foreign exchange gains (466) (3,005) (2,273)
Changes in assets and liabilities:      
Restricted cash     (1,495)
Accounts receivable (3,742) 2,181 2,424
Inventories (5,566) 4,732 (617)
Prepaid expenses and other 1,032 (238) 2,407
Other assets 2,986 (80) 62
Accounts payable 1,316 588 (4,339)
Accrued volume incentives 805 1,163 1,429
Accrued current and other long-term liabilities (6,152) 619 (10,110)
Deferred revenue (782) (1,128) (654)
Income taxes payable 5,009 (3,679) 5,193
Liability related to unrecognized tax positions (10,943) (423) 258
Deferred compensation payable (349) 26 358
Net cash provided by operating activities 3,908 16,150 927
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (2,419) (2,595) (3,211)
Purchases of investments available for sale (6,968) (3,439)  
Proceeds from sale/maturities of investments available for sale 7,697 125 794
Proceeds from sale of restricted investments     2,050
Proceeds from sale of property, plant and equipment 11   70
Net cash used in investing activities (1,679) (5,909) (297)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments of cash dividends     (776)
Proceeds from short-term borrowings     7,900
Payments on short-term borrowings     (7,900)
Proceeds from issuance of long-term debt 10,000    
Principal payments of long-term debt (810)    
Proceeds from exercise of stock options 398 132  
Net cash provided by (used in) financing activities 9,588 132 (776)
Effect of exchange rates on cash and cash equivalents (452) 1,693 831
Net increase in cash and cash equivalents 11,365 12,066 685
Cash and cash equivalents at beginning of the year 47,604 35,538 34,853
Cash and cash equivalents at end of the year 58,969 47,604 35,538
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 6,570 5,627 8,370
Cash paid for interest 36   124
Supplemental disclosure of noncash investing and financing activities:      
Purchases of property, plant and equipment included in accounts payable $ 19 $ 196 $ 114